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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 Feb 04, 2022 8:52pm
272 Views
Post# 34400133

Wapiti production currently worth $81 boe, Big Bucks.

Wapiti production currently worth $81 boe, Big Bucks.
Wapiti has been a challenge from the get go for POU because of it significant liquids content, but mostly because of the Keyera Wapiti plan reliability. That is all behind us now. 

Wapiti Looks like this.
                                          Prices
Gas              37.88%           $5
Condensate 56.72%           $122.5                     Oil 92.5 WTI + 3 dollars condy premium
NGL's            5.39%            $30

Each BOE of production is worth 81 dollars/ boe

Operating costs + Transportation + Royalities =  $14.25+ $5.09 $3.5 =  $22.84 

The will make the netbacks of a wapiti boe in the 58 dollar range for Q1 2022.

This is more than 50% higher than in Q3 2021.

2022 produciton forecast for Wapiti is to produce 22,000 boe a day.

The netback of Wapiti alone would be 

22,000 boe/day * $58 boe/netback * 365 day =  465 million dollars. 

These boes have about 3 times the returns you would get from dry gas.

Another winner for POU and another 25 years resouce to pay sustainable dividends.

IMHO
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