Impact: Positive. The monetization of Paramount's VII shares lays the foundation for an accelerated growth profile over the next 12-18 months that would take corporate production significantly over our current 16,000 boe/d 2017e exit target. Further, while we remain cautious initial test results, preliminary rates from Paramount's first Karr-Gold Creek extended reach well appear to be in-line to slightly ahead of our type curve and reasonably consistent with offsetting competitor well results
23 Sep 2016
ANNOUNCES THE MONETIZATION OF PART OF ITS SEVEN GENERATIONS ENERGY LTD. (VII) SHARES AND PROVIDES OPERATIONAL UPDATE
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ANNOUNCES THE MONETIZATION OF PART OF ITS SEVEN GENERATIONS ENERGY LTD. (VII) SHARES AND PROVIDES OPERATIONAL UPDATE
Paramount Resources Ltd. Class A (POU:TSE) | 0 0 -0.2% | Mkt Cap: 2,314m
- Published:
23 Sep 2016 -
Author:
Cody R. Kwong -
Pages:
3
Impact: Positive. The monetization of Paramount's VII shares lays the foundation for an accelerated growth profile over the next 12-18 months that would take corporate production significantly over our current 16,000 boe/d 2017e exit target. Further, while we remain cautious initial test results, preliminary rates from Paramount's first Karr-Gold Creek extended reach well appear to be in-line to slightly ahead of our type curve and reasonably consistent with offsetting competitor well results