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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 31, 2024 10:16am
207 Views
Post# 35854777

North Duvernay Results

North Duvernay Results
The North Duvernay we will see results in the next few week. What we are going to see wells come on that are 4800 meters in length, and likely the best production numbers in the history of Duverany Oil. 

The kicker may be is that they don't have enough plant to handle the production, we will see but as a minium we should see some tremendous well results. 

POU is a expert regarding the montney and the duvernay, and will be ramping up almost 70,000 boe/day do Duvernay Production over the next few years. 

2024 will be a big year for Paramount, as it ramps up cashflow, production, and the value of the green field projects becomes recognized. Really greenfield from the amount of production, buy more development orienated since they have been doing the evaluation work for many years. 

IMHO








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