Paramount Resources Ltd T.POU

Liard is a Long Term Game Changer

[MyHoneyPot]

With 25 year old drilling techniques, results will only get better. 

By the end of the month, Chevron Canada Resources Ltd. expectsonly two wells drilled in the Northwest Territories to be producingabout 120 MMcf/d of gas. That is welcome news to a market indesperate need of new supply sources, particularly in westernCanada.

 

 

First production and sales started flowing recently from theFort Liard M-25 well at 35 MMcf/d, and Chevron expects to ramp upproduction this week to 50 MMcf/d. The facility and well completiondesign have the capacity to handle rates of up to 75 MMcf/d, andChevron will make a decision on whether to expand production inabout a month. The M-25 production is transported to processingfacilities at Westcoast Energy’s gas plant in Fort Nelson, BC.Meanwhile, Chevron’s K-29 well has been producing since April witha total to date of more than 10.5 Bcf. It currently is producingabout 70 MMcf/d.

Liard/Horn River is a massive resouce, poise for LNG exports. 

POU is poised for great things, and with Woodside as a partner (60 bn dollar company), and Paramount is the operator, how could things get much better. 

IMHO