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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

Bullboard Posts
Comment by gharibmon Jun 07, 2003 11:04am
117 Views
Post# 6151662

RE: gharibm...

RE: gharibm...

P16 is testing probably as we speak. It is right next to a pipeline and should not take long to tie in. POU had 30% interest in it and the surrounding land before farming out to Anadarko. P16 is probably tapping the Nahanni formation which is the same as the Chevron wells. Close by, Chevron just tied in 2K-29 (I-40) at 25 mmcf/d, POU has 2.76% interest in I-40. In the Arrowhead area, several deep and shallow discoveries were made by Anadarko. POU had 50% interest in the Arrowhead land before the farmout. Currently there is no infrastructure in the area. Anadarko said that the pipeline and other infrastructure will cost U$50 mm but that the discoveries are large enough to warrant it. If they make a decision this summer to build the pipeline then first production will be in 05. The size of the pools in this area is huge typically in the hundreds of Bcf. I can't tell you what POU's interest is after the farmout because they haven't disclosed the terms. I hope this helps
Bullboard Posts

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