Paramount Resources Ltd T.POU

Horn River - Land of Opportunity

[MyHoneyPot]

Back in the day working in the Patch, we would for the what was called the Super Majors who were the only ones that could do ground breaking exploration in areas like East Coast, Duvernay, North East BC, Foothills, Eaglesford, Marcellous, Haynesville, Christina Lake, Pouc Coupe, Beaufort etc. 

The resouce was oftent there but the same technology did not exist 15 years ago. You were drilling 1200 meter laterals with 6 Fracs and the cost were going through the roof and the execution marginal. 

In 2009 Apache drilled wells in the Horn River, likely 1200 - 1500 meter horz wells that had 10 BCF of reserves, and produced at 16 MMcf a day, and the economics were marginal, that was in 2009.

Now you could drill those same wells for half the cost, 4X the fracs, 4000 meter in length, an they would production 25-40 MMcf a day. 

There is reasons why companies like Imperial Oil, Apache, Encana did all this work. However they are not the same companies they use to be, the economics have dramaticly changed, and these wells are represent a resouce that could benifit the world interms of LNG. 

IMHO

[uncutgems]

unfortunately polar bears can't operate rigs.

[MyHoneyPot]

I think someone needs to feed the Polar Bears. POU has 14 DUC's already there in Horn river and has wells drilled in Liard to hold a whopping amount of resource there as well. This play made it into Chevrons last anual report, it is important enough for them to mention resouces up there. Especially since Spectra already has gas infastructure up there as well.  Chevron 2020 Anual

[uncutgems]

let me translate what chevron is saying. we want OUT of Canadian boondoggles, and we may be willing to just up and leave, or PAY YOU to take these projectsd off our hands. Because the future up there among the Polar Bears is truly bleak. not CHEVRON's finest hour.

[MyHoneyPot]

Whats the point of listening to one word that you say, because i have never heard a constructive word of value from you that sugest in anyway that you know what you are talking about. IMHO

[uncutgems]

it's simple. you continue to lie. I continue to call you out.

[RookieReturns]

MHP - Uncircumcised is just a troll. They blocked me as soon as I "called them out" because they know they are simply wrong. Do yourself a favour and block them and move on to making money which is something Uncircumcised doesn't know how to do.