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Paramount Resources Announces Preliminary Estimates of Oil Sands Resources.

International Resource News-27 October 2008-Paramount Resources Announces Preliminary Estimates of Oil Sands Resources(C)2008 ENPublishing - http://www.enpublishing.co.uk

International Resource News - 27 October 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Paramount Resources Ltd (TSX: POU), a US-based company that explores for oil and gas, has announced an initial estimation of in-situ oil sands leases in the Hoole area of Alberta, Canada.

The initial evaluation reports that the oil sands properties contain around 458 million barrels of contingent bitumen resources within the Grand Rapids formation.

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

((Distributed via M2 Communications Ltd - http://www.m2.com))

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Publication:International Resource News (IRN)
Date:Oct 27, 2008
Words:113
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