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 > Food for thought

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Post by Moemoney42on Dec 06, 2024 12:55pm

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Post# 36349549

Food for thought

Spin out $2 billion in a special dividend. $13.60/share
Take $1 billion and drill 100 new wells at 10 million a well..
If these new wells can average 1000 bls/day you have 100,000 brls to add to the 30,000 currently being produced.. add in the shut in gas production and 140-150,000 blrs/day isn't out of the question.
Use the left over $300 million for facilities and get in line for LNG Canada's ramp up.
I know this is a rather simple back of the napkin thought.. but I think its a doable strategy going forward..? Anyone care to add their thoughts.. go ahead..

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