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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 18, 2021 10:56pm
245 Views
Post# 32323817

Kaybob North- What can i say - Condensate

Kaybob North- What can i say - Condensate
High quality condensate
  • local demand • 40 – 50 API

MURPHY Results (March 2020)

Testing the shallower window at Two Creeks
• ~2,700m vertical depth
Line of sight to multiwell pad efficiencies
• <C$7MM development well cost target
 
Competitive economics (2P McDaniel’s bookings)
  • IP30 795 boe/d & EUR 645mmboe (71% liquids)
  • 20 month payout & $6MM NPV10

Latest Result are better then Anticipated.

Murphy Recent results include a two well pad at Kaybob East 

(15196417W5) 
IP30      1400 boe/d per well (87% liquids) and an 
IP90 of 1,125 boe/d per well (84% liquids),

Two Creeks (133164 15W5) which

IP30 of 1,300 bbl/d (100% liquids) and an IP90 of 900 bbl/d  (100%  liquids).
Condensate $67 * 90 * 900 = $5,427,000   amost paid for in 90 days.

IMHO
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