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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 Oct 09, 2023 12:09pm
200 Views
Post# 35675927

An Ocean of Opportunity - 375 Square Miles - Willesden Green

An Ocean of Opportunity - 375 Square Miles - Willesden Green
Willesden Green Map Link

The plan is to drill this area with well lengths averaging 4000 meters. (likely longer where possible)

Pioneer is drilling wells 5300 meters in the permian, about 30% longer. Pou just drilled 4200 meters wells in the Kaybob Duvernay.

I am waiting for our next surprize at Willesden green. 

Type curve Kaybob Duvernay IP365  599 with IP 365 550 CGR  ( Super Liquids Rich) 77% Liquids
Type curve Willesden green    IP365  760 with IP 365 270 CGR  ( Liquids Rich)            62% Liquids

A 50 Mmcf gas plant produces around  8300 boe gas and 13,500 boe liquid or close to 22,000 boe/day

3 gas plants built out in phases and geographicly dispersed roughly provides production capacity for 66,000 boe/day from Wilesden Green. 

First phase expected to be onstream in late 2025

Willesden green is off to the races, and with this large land base, and really no competition in the area POU will beable to expand the land base, fill in the holes in their land base, and this is a huge fantastic play. 

The funny thing when you look at the map is the town of Rocky Mountain House, is likely sitting on top of the prolific oil play. Being so close to Rocky Mountain House will for sure improve the play economics as well

IMHO
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