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Paramount Resources Ltd T.POU

Alternate Symbol(s):  PRMRF

Energy Oil & Gas E&P
Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized into three regions: the Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti; the Kaybob Region, located in west-central Alberta, which includes the Kaybob North Duvernay development, the Kaybob North Montney oil development and other shale gas and conventional natural gas producing properties, and the Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia.


TSX:POU - Post by User

Paramount Resources Ltd > OIL IS UP, AND so is production at Grand Prairie
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Post by MyHoneyPoton Dec 15, 2020 10:23am
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Post# 32108245

OIL IS UP, AND so is production at Grand Prairie

OIL IS UP, AND so is production at Grand Prairie

Grand Parrie production in Q4 could potentially be 41000 boe a day, 28000 (karr) + 13000 (Wapiti)

These are the most economical plays in the entire Montney.  Grand Parrie will be up from 27237 boe/day in Q3 to a whopping 41000 boe/d.

That is 13763 boe increase or 13763/27237 = 51% increase in production.  WOW

Now Karr and Wapiti are Cash Cows they were intended to be, MOO

So POU is off to the races, 51% increase in Grand Parrie

47.50 means condensate likely 40 plus U.S.

POU is now off to the races and every well that is added, is high netback Montney production

POU is now almost 60% Montney production, by the end of next year could be 75%.

IMHO
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