Paramount Updates Alberta CBM, Viking Tight Gas Projects
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Paramount Resources Ltd. (TSX: POU) has updated coalbed methane (CBM) operations in Southern Alberta as well as its Viking tight gas project in Saskatchewan.
The company drilled 13 CBM wells and 12 oil wells during the 2010. Three of the CBM wells have been put on production and the final ten CBM wells will be tied into existing facilities by the second quarter of 2011. A new Mannville formation oil well was also brought on production and this trend will be explored further with an additional well late in 2011. ...
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