Paramount Resources Ltd T.POU

Alternate Symbol(s): PRMRF

Energy Oil & Gas E&P

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

Paramount Resources Ltd

Bullboard Posts

Post by ceremonyon Jul 13, 2018 11:21am

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Post# 28312257

something intersting from the pou disclosures....

it looks like 2.1m of POU 2.9 million net acres have ZERO reserves attatched. I find this REALLY interesting...

Properties Without Attributed Reserves
Paramount’s land base encompasses approximately 4.9 million gross (2.9 million net) acres in Western Canada. An additional 206,000 net acres of land in the Western Athabasca Region are held through Cavalier Energy.

As at December 31, 2017, the Company’s oil and gas properties without attributed reserves totaled approximately 3.6 million gross (2.1 million net) acres, with gross acreage calculated only once per lease or license of petroleum and natural gas rights (“Lease”) regardless of whether Paramount holds a working and/or royalty interest and whether or not the Lease includes multiple prospective formations.