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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

Comment by Robertboblawon Jul 21, 2021 4:24pm
152 Views
Post# 33582799

RE:RE:RE:RE:RE:Clearwater - World Class Resource - World Class Economics

RE:RE:RE:RE:RE:Clearwater - World Class Resource - World Class Economics
uncutgems wrote: let me get the facts out to the board. because you won't get them here.

the word clearwater appears ONE TIME in the latest POO presentation. It appears that they have some clearwater rights. here is what they say. As you can see, they are in a subsidiary. They are nowhere close to being drilled. And it's THERMAL HEAVY OIL. The clearwater play that is sooo  hot right now is LIGHT OIL that's cheap to get out of the ground.

and now folks here know THE FACTS. The facts are hard to come by on this board where HYPE runs rampant.

the clearwater rights that you own are basically nothing more than words on paper.

Cavalier Energy’s lands are prospective for insitu thermal oil recovery and heavy oil • 1.354 million gross acres of land located primarily in the Athabasca and Peace River regions of Alberta • ~430 gross sections with Clearwater and Bluesky potential


To be fair those oilsands leases are complimentary assets at best I agree uncutgems. They're only speculative leases and if they were truly valuable in 2014 they would have found a buyer for them as they were heavily shopping them. They might have some value but only in a >$100 sustained oil environment. As of now, they are complimentary at best. Doesn't hurt to have them in our back pocket though.
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