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Paramount Resources Spending $400 MM in Deep Basin
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Paramount Resources Ltd. has announced fourth quarter 2014 results.
Strategic Investments In the first quarter of 2015, Paramount finished drilling the Dunedin d-71-G shale gas exploration well in the Liard Basin and has commenced drilling the c-37-D shale gas exploration well at La Biche. Commissioning of Fox Drilling's two new triple-sized walking rigs is scheduled for the fourth quarter of 2015. Cavalier Energy received regulatory approval for the initial 10,000 Bbl/d phase of its Hoole Grand Rapids development in the second quarter of 2014. Paramount completed the acquisition of all of the outstanding common shares of MGM Energy Corp. that it did not already own in exchange for 1.1 million Common Shares of Paramount in June 2014. Outlook Sales volumes are expected to surpass 70,000…- ✓ Full news archive — U.S., Canada & international coverage
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