Paramount Resources Ltd. is pleased to announce that the holders of its class A common shares have today approved a special resolution authorizing a reduction in the stated capital of the Common Shares to enable the Company to make a return of capital in cash to the Shareholders. The special resolution was approved by the holders of 112,331,957 Common Shares, representing 97.29% of the 115,462,624 votes cast. The Company [...]
Paramount Resources is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on Jan 31, 2025 to shareholders of record on Jan 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores for and [...]
Paramount Resources Ltd. is pleased to announce its plans, subject to shareholder approval, for a $15.00 per share special distribution to the holders of its class A common shares following the closing of its previously announced asset disposition to Ovintiv Inc. . The Company is also pleased to announce its expected post-Transaction monthly dividend policy and 2025 capital expenditure and production guidance. When it [...]
Paramount Resources is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on December 31, 2024 to shareholders of record on December 16, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores [...]
Paramount Resources Ltd. is pleased to announce that it has entered into a purchase and sale agreement with Ovintiv Inc. and one of its wholly-owned subsidiaries pursuant to which Ovintiv will acquire Paramount's Karr, Wapiti and Zama properties for $3.325 billion in cash plus certain Horn River Basin properties of Ovintiv . The Assets include approximately 170 net sections of Montney lands with 114 MMBoe of proved [...]
Paramount Resources Ltd. is pleased to announce its third quarter 2024 financial and operating results. HIGHLIGHTS Third quarter sales volumes averaged 94,892 Boe/d . Grande Prairie Region sales volumes averaged 67,635 Boe/d . The planned turnaround at the Wapiti natural gas processing plant and related full Wapiti production outage commenced in mid-September, five days earlier than expected. Prior to the turnaround [...]
Paramount Resources is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on Oct 31, 2024 to shareholders of record on Oct 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores for and [...]
Paramount Resources Ltd. is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on September 27, 2024 to shareholders of record on September 16, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Consistent with its strategy of identifying new opportunities at an early stage and capturing large holdings [...]
Paramount Resources Ltd. is pleased to announce its second quarter 2024 financial and operating results, highlighted by strong adjusted funds flow and well results at Kaybob North that continue to demonstrate the high quality of the Company's Duvernay position. HIGHLIGHTS Second quarter sales volumes averaged 95,609 Boe/d . Grande Prairie Region sales volumes averaged 63,480 Boe/d , consistent with Paramount's [...]
Paramount Resources is pleased to announce that the Toronto Stock Exchange has accepted the Company's notice to renew its normal course issuer bid for its class A common shares. The renewal of the NCIB provides the Company with the continued flexibility to increase shareholder returns through the repurchase of Common Shares at times when management believes that the market price of the Common Shares does not reflect their [...]
Paramount Resources is pleased to announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on June 28, 2024 to shareholders of record on June 17, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company that explores for and [...]
Paramount Resources Ltd. announces that the following eight director nominees were elected at today's annual general meeting of shareholders: VOTES FOR VOTES WITHHELD Number Number James Riddell 114,853,112 99.76 275,160 0.24 James Bell 103,437,570 89.85 11,690,702 10.15 Wilfred Gobert 111,627,876 96.96 3,500,396 3.04 Dirk Jungé 114,279,720 99.26 848,552 0.74 Kim Lynch Proctor 114,885,635 99.79 242,637 0.21 Keith MacLeod [...]