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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

Post by MyHoneyPoton Jan 06, 2022 9:30am
203 Views
Post# 34288548

POU - will be dragged up by CPG

POU - will be dragged up by CPGCPG is going to spend $350,000,000 dollars in the Duvernay this year. They will not be like shell keeping the well results internal. 

POU has a big advantage in the duvernay in Kaybob, as Kaybob is a true mutizone play area. In the region where POU has it Kaybob Montney Oil Play, below that play is Duvernay Oil.

The duvenay is fairly shallow to the north and that is where you will see POU drilling, so when CPG start releasing results in the duvernay, likely January, expect POU to accelerate the drilling in the region. 

The smokey gas plants is being expanded as we speak and will be ready end of Q1. 

You will see POU sky rocket up as they have the best lands in these areas.

This Kaybob area is a gold mind and it has many prolific zones to exploit and POU is one of the largest multizone land holder in the area.

With 140 million shares every share has 5 times the torque as a CPG share. 

IMHO
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