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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 23, 2021 11:41am
215 Views
Post# 32368032

Does Shell need Smokey Duvernay

Does Shell need Smokey DuvernayI think that shell answered that question in a recent well that they drilled in the Duvernay, a well with a laterial length of over 5000 meters. These are 3 million horizontial well and are the tip of the ice berg for things to come. 

User image

Durvernay is the Ultimate Prize

While POU is putting the final touches are Karr and Wapiti, Duvernay is the prize and Paramount has essentially the best land postion in the Duvernay, just like it has the best land positon in the Montney. 
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While other are rushing to exploit the one of a kind, unique resource which has taken more then a decade to understand, POU has played the waiting game. While is super major neighbors, Petro China, Shell, Chevron, XTO, Kuwiat Oil, and Murphy have poured Billions into understanding this play are, Paramount has patiently been pushing foward with the development of Karr and Wapiti while other have proved the economics of the Duvernay. 
https://www.oilandgas360.com/duvernay-shale-deemed-largest-unconventional-oil-basin-canada-neb/

So the real value is play areas with running room for longer wells, and if you look at Shells land base they need POU land, to properly develop the resouce, but it will not come cheap.

So POU has a basket of derisked, high impact play areas and once Karr and Wapiti are developed they will exploit them at will. 

POU is the cheapest OIL and Gas company on the planet but the bargin basement prices are close to the end. 

IMHO
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