Paramount Resources is pleased to announce that it has completed its Musreau / Kakwa asset sale to Seven Generations Energy. Consideration received by Paramount under the Sale Transaction totaled approximately $2.1 billion, and included approximately $0.5 billion in cash (after adjustments), approximately $1.0 billion in 7G shares (based on the August 17 closing price for 7G shares) and approximately $0.6 billion of debt [...]
CALGARY, ALBERTA--(Marketwired - Aug 17, 2016) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") announced today that the holders of approximately $283.5 million aggregate principal amount of its senior unsecured notes due 2019 (the "2019 Notes") consented to the waiver and amendment of certain provisions of the indenture for the 2019 Notes such that Paramount's previously announced Musreau / Kakwa asset [...]
CALGARY, ALBERTA--(Marketwired - Aug 16, 2016) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") announced today that it has extended the expiry time of its consent solicitation to the holders of its senior unsecured notes due 2019 to 5:00 p.m. (Toronto time) on August 17, 2016 which shall be deemed to be the new "Expiration Time" for all purposes of such solicitation. At this time consents in respect of [...]
CALGARY, Aug. 15, 2016 /CNW/ - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") announced today that it has received shareholder approval and all necessary regulatory approvals for its previously announced Musreau / Kakwa asset sale to Seven Generations Energy Ltd. (the "Sale Transaction"). The Sale Transaction is expected to be completed on August 18, 2016; however, completion of the transaction remains [...]
CALGARY, ALBERTA--(Marketwired - Aug. 5, 2016) - (TSX:POU) - HIGHLIGHTS Paramount closed the sale of its Musreau Complex natural gas processing facility for gross cash proceeds of approximately $565 million in April 2016. In July 2016, Paramount entered into an agreement to sell 450 (310 net) sections of its Deep Basin oil & gas properties in the Musreau/Kakwa area (the "Musreau/Kakwa Assets") to Seven Generations [...]
CALGARY, Aug. 2, 2016 /CNW/ - Mr. Clayton H. Riddell, the Executive Chairman of Paramount Resources Ltd. ("Paramount") (TSX:POU), announced today that he acquired on July 26, 2016, personally and through an entity controlled by him, an aggregate of 2,087,779 Class A Common Shares ("Common Shares") of Paramount from a third party at a cost of $11.83 per share. The Common Shares acquired represented 1.96% of the [...]
CALGARY, ALBERTA--(Marketwired - Jul 13, 2016) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") announced today that it has commenced a consent solicitation and given notice of conditional redemption in respect of its senior unsecured notes due 2019 (the "2019 Notes"), as the Company previously indicated it would in its July 6th press release announcing the Company's proposed Musreau/Kakwa asset sale to [...]
CALGARY, ALBERTA--(Marketwired - July 6, 2016) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") with Seven Generations Energy Ltd. ("Seven Generations") pursuant to which Seven Generations will acquire 310 net sections of Paramount's Deep Basin oil & gas properties in the Musreau/Kakwa area of west Central [...]
CALGARY, ALBERTA--(Marketwired - Jun 13, 2016) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) announces the closing of the annual renewal of its bank credit facility (the "Facility"). The revolving period of the Facility has been extended to April 28, 2017 and the maturity date has been extended to April 28, 2018. Commitments under the renewed Facility are $350 million, with a scheduled step-down to [...]
CALGARY, ALBERTA--(Marketwired - May 4, 2016) - Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that at its annual meeting of shareholders held on May 4, 2016 the following nine director nominees were elected: NOMINEE VOTES FOR VOTES WITHHELD Number Percent (%) Number Percent (%) CLAYTON RIDDELL 82,037,457 99.20% 662,029 0.80% JAMES RIDDELL 81,530,515 98.59% 1,168,971...
CALGARY, ALBERTA--(Marketwired - May 4, 2016) - Paramount Resources Ltd. (TSX:POU) - HIGHLIGHTS First quarter 2016 sales volumes averaged 50,161 Boe/d, 31 percent higher than the first quarter of 2015 and 10 percent higher than the previous quarter. First quarter 2016 condensate and oil sales volumes were 13,245 Bbl/d, double the first quarter a year ago and 33 percent higher than the previous quarter. Twelve new [...]
CALGARY, ALBERTA--(Marketwired - May 2, 2016) - Paramount Resources Ltd. (TSX:POU) ("Paramount") announces that it will be webcasting the annual general meeting of its shareholders to be held in the Conference Center at Centrium Place, 332 - 6th Avenue S.W., Calgary, Alberta, at 10:30 a.m. (Calgary time) Wednesday, May 4, 2016. To listen to the annual general meeting and view the presentation to be provided at the [...]
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