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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 Dec 31, 2023 2:32pm
241 Views
Post# 35805748

4,800 Meter Wells

4,800 Meter Wells POU has a massive land base at Willesden Green

POU with it own drilling fleet is drilling 4800 meter wells, with 255,000 acres land base and likely growing POU has a company maker resource base all to itself, just at wilesden green. 

Leafland plant liquids handling will be on stream early in 2024, and then we will start to see things happen. 

All of a sudden Eric Nuttals picks ( CPG, ATH ) who both have duvernay plays will be promoting the value an the opportunity of the duvernay, which POU has been working on all along. 

The willesden green has a name plate on the project of greater than 50,000 boe a day. 

With the noth duvernay ramping up, a Plan in place for Willesden green,  what next.?

My guess is some drilling in clear waters, new drilling strategies have been found to get more resouce access using innovative drilling strategies. 

POU is a great hold because the intrinsic vaue of the company increase every month.

The acerage at Wilesden Green is simply massive, POU is there all by themselves essentially with low cost land base to deliver high retruns for share holders. 

POU the cheapes stock in the oil index.

IMHO
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