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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 Apr 15, 2024 10:36am
207 Views
Post# 35989263

75 million dollars - What does that mean? Liard/Hornriver

75 million dollars - What does that mean? Liard/Hornriver
If i were to guess of a company that could take out POU it would be Woodside because that are the Partners with POU in Liard/Horn river. 

POU is drilling LIARD which is know to be one of the top basin in the world, and with Woodside into LNG in a big way who could be a better partner. 

Really not a lot of activity in the last few years, well the drilling technology has improved a lot, with longer wells and better fracs, and improved efficiency. 

POU bought Apache Horn River assets where Apache had drilled one of their best gas well in their coporate history. Now they have a number of DUCS sitting in hornriver waiting for completion. 

The Liard wells, if they have been siting for a few years likely have had a bit of pressure buildup, and if they are drilling ones, these will be the headlines for Canada and for LNG gas production for the future. 

POU is busy, and hitting their stride so 75 million to keep the balance at ZERO, it not a requirement but it is a nice luxary to have. 

IMHO
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