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Paramount Resources Ltd T.POU

Alternate Symbol(s):  PRMRF

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

Comment by Robertboblawon Jan 03, 2021 6:25pm
93 Views
Post# 32212495

RE:RE:RE:RE:RE:Mega Shale Gas Project Paramount’s shale gas holdings

RE:RE:RE:RE:RE:Mega Shale Gas Project Paramount’s shale gas holdingsThat being said, we still need to hit our production and cash flow targets and for oil prices to cooperate in 2021 and beyond for any if this to mayter: - production needs yo average ~80,000 to 82,500 in 2021 - funds flow needs to be in the $300mm range and capital expenditures (Excluding land acq and div) needs to be no more than $300mm and should be even lower in the $250mm range - for pou to accomplish this we need >$55 oil throughout 2021 and likely $2.50 or higher gas prices (all USD). higher than this oil will be even better They manage this, it's off to the races IMO
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