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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 Jan 13, 2021 8:50am
190 Views
Post# 32283422

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

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
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