Paramount Resources Ltd T.POU

Kaybob North- What can i say - Condensate

[MyHoneyPot]

High quality condensate

• local demand • 40 – 50 API

MURPHY Results (March 2020)

Testing the shallower window at Two Creeks

• ~2,700m vertical depth

Line of sight to multiwell pad efficiencies

• <C$7MM development well cost target
 

Competitive economics (2P McDaniel’s bookings)

• IP30 795 boe/d & EUR 645mmboe (71% liquids)
• 20 month payout & $6MM NPV10

Latest Result are better then Anticipated.

Murphy Recent results include a two well pad at Kaybob East 

(15196417W5) 
IP30      1400 boe/d per well (87% liquids) and an 
IP90 of 1,125 boe/d per well (84% liquids),

Two Creeks (133164 15W5) which

IP30 of 1,300 bbl/d (100% liquids) and an IP90 of 900 bbl/d  (100%  liquids).
Condensate $67 * 90 * 900 = $5,427,000   amost paid for in 90 days.

IMHO

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[MyHoneyPot]

Look at the result for Athabasca, it is utterly amazing. Check it out for yourself it is in the light oil section of this report. This well that is 100% liquids it is so close to POU landbase they can see the well from the section boundry.  This is absoulately the best play opportunity in the entire duvernay, look at the reserves of some of these wells, 640 Mboe, just think these wells are

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[MyHoneyPot]

Yes i agree, but i don't know it isn't 100% either. Maybe its 50-50 50 pecent condensate, 50% oil.  Would that be a disapointment? In any case these are the types of plays that are investable.  IMHO