Paramount Resources Ltd T.POU

Alternate Symbol(s): PRMRF

Energy Oil & Gas E&P

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.

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Paramount Resources Ltd > Chevron transfers 16 wells

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Comment by MyHoneyPoton Feb 21, 2024 12:24pm

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Post# 35891127

RE:Chevron transfers 16 wells

Liard/Horn River rank in top 10 gas basins in the world.

Example Well at Liard

The current production from these licences is zero, but several of these wells have fascinating production history. There is one well in particular that was an enormous producer for the three and a half years that it was on production. This well produced over 29 BCF in 3.5 years, including a peak monthly rate of over 55 mmcf/d. The production plot from the well is below.

POU has consolidated and found a world class partner for one of the top gas basins in the world.

This area has native groups that are anxious to develop the resource and insure properity for the future for their people.

There is also a wholly owned pipeline in the mix, so all the ingredients are there for massive gas to be produced. Also POU collected all the Apache land in the area with 6 DUC's that have never been completed.

Exciting prospects in the future for POU.

Technology
Existing wells in the horn river and liard was developed on technology that is likely more that 15 year long in the tooth. Imagine what a new well could produce when you have wells that produced at 55 Mmcf for 3 years with old technology.

These will be the biggest wells in Canada.

IMHO

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