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Bullboard - Stock Discussion Forum 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... see more

TSX:POU - Post Discussion

Paramount Resources Ltd > Wapiti - time to look West - I see smoke...
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Post by MyHoneyPot on Jan 13, 2021 8:50am

Wapiti - time to look West - I see smoke...

Wapiti by itself has produced almost 15000 boe a quater with a plant that has never run consistently for an entire quater, Keyera Wapiti has been a problem lets hope these issues are resolved. 
Q4

Sept 25, they brought back the Wapiti field after a six week shut down, so those wells has a good 6 WEEK REST and they are poise for production. So it is very likely that Wapiti by itself will produce 14,000 boe a day in the 4th quater, maybe more.....

5-3 west
Smoke signal to the West have marked the early November completion of the 5 well pad Wapiti west. These well will likely come on between 1600 - 1700 boe on average to expect that pad to have a IP30 of about 8,000 boe. 

Q4 Surprise

In Q4 we could be set up for a surprize depending how the plant is working, Wapiti has always been working with restricted well production and a unreliable plant. Lets hope that is all behind us and we can open up those wells and let them rip.

Q4 Wapiti
I am hoping for Q4 Wapiti at about 17500, that is about 3500 above their forecast, but with the well getting a six month rest in Q2, and a new well pad coming on, i will go out on the limb on this one. 

IMHO
Comment by MyHoneyPot on Jan 13, 2021 8:52am
I meant six week rest not six month rest.
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