RE:RE:Paramount's Feb Operational UpdateFrom January 23rd 2017 News Release (last paragraph of Operations Update):
"Overall, anticipated production additions from the Company’s modest Waskahigan drilling program in 2017 is expected to maintain corporate base production levels of 3,200 to 3,300 boe/d from Waskahigan and its other non-core areas, collectively (approximately 35% crude oil and NGLs). Additionally, the tie-in of the Company’s Elmworth/Gold Creek 3-22 well in conjunction with successful follow-up drilling and completion at Elmworth/Gold Creek, is expected to augment RMP’s base production profile. The Company expects to provide a further progress update on its Elmworth/Gold Creek infrastructure commissioning in March 2017."
My guess is there will be a test results update to justify the infrastructure work update. The good news is the use of the word "commissioning" which denotes making equipment production ready. The 2016 Year End deadline is March 30th so based on the above paragraph there should be news out this month. I really like the sudden $3 bounce POU got from its' Karr Gold Creek news considering the production was 5000 boe's/d (40% liquids). I'm hopeful there's a much needed postive bounce coming in RMP's near future too.