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

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Post by MyHoneyPoton Mar 07, 2021 6:11pm

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Post# 32740091

Kaybob Montney OIL - Drill Baby Drill

Paramount has Montney Oil wells that payout in 8 months, af 50 Dollar WTI.

So now we have oil at 66 dollars US, how long with those well take to payout?

So the case at hand, those 3 million dollars that they drilled 3 years ago, what do we think they will cost today, 2.4 million, 20% less that is a pretty reasonable assumption.

So now these wells are paying out in 3 month, ya?

66 dollar oil, instead of 50 dollar oil.

POU has 150 locations here

Time to drill.

IMHO

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