This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. Paramount Resources Ltd. has acquired 4,000,000 common shares of Canadian Premium Sand Inc. at a price of $0.25 per Common Share for aggregate consideration of $1,000,000. The acquisition was made as part of a private placement of an aggregate of 20,799,200 Common Shares completed by CPS on June 15 [...]
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 Percent Number Percent James Riddell 103,951,126 99.93% 69,800 0.07% James Bell 103,455,770 99.46% 565,156 0.54% Wilfred Gobert 101,488,593 97.57% 2,532,333 2.43% Dirk Jungé 103,848,141 99.83% 172,785 0.17% Kim Lynch Proctor 103,945,519 99.93% 75,407 [...]
HIGHLIGHTS Sales volumes averaged 80,540 Boe/d in the first quarter of 2021, well ahead of the Company's first half 2021 production guidance of 74,000 Boe/d to 76,000 Boe/d due to significant outperformance at Karr as well as higher than expected field reliability corporately. Sales volumes at Karr averaged 33,230 Boe/d in the quarter compared to 26,914 Boe/d in the fourth quarter of 2020. This increase was driven by [...]
CALGARY, AB, March 3, 2021 /CNW/ - HIGHLIGHTS Annual sales volumes averaged 68,340 Boe/d in 2020. Fourth quarter 2020 sales volumes averaged 73,460 Boe/d , ahead of guidance of 70,000 to 72,000 Boe/d. Fourth quarter sales volumes at Karr, which benefitted from bringing onstream the five-well 5-16 West pad in November, averaged 26,914 Boe/d , compared to 19,246 Boe/d in the third quarter. Fourth quarter sales volumes at [...]
Paramount Resources Ltd. is pleased to report that fourth quarter 2020 sales volumes averaged approximately 73,000 Boe/d , ahead of guidance of 70,000 Boe/d to 72,000 Boe/d. December 2020 sales volumes averaged approximately 78,000 Boe/d . At Karr, fourth quarter sales volumes benefitted from the addition of five new wells at the 5-16 West pad, which were brought onstream through permanent facilities in November. Lease [...]
Paramount Resources Ltd. is pleased to announce amendments to its senior secured revolving bank credit facility to remove prior conditions on Facility availability in excess of $900 million. As a result, the full $1.0 billion Facility capacity is now available. Concurrent with the amendments, and to provide further liquidity, the Company completed a private placement of $35 million of senior unsecured convertible [...]
Paramount Resources Ltd. is pleased to announce the release of its inaugural ESG Report as part of its ongoing commitment to sustainable resource development, environmental stewardship and the well being of its employees and the communities in which we operate. The ESG Report highlights many of the Company's recent achievements, including a 45% reduction in combined Scope 1 and 2 greenhouse gas emissions and a 40 [...]
HIGHLIGHTS Sales volumes averaged 61,064 Boe/d in the third quarter of 2020 compared to 68,839 Boe/d in the second quarter. Third quarter sales volumes at Karr averaged 19,246 Boe/d compared to 16,009 Boe/d in the second quarter. At Wapiti, third quarter sales volumes were 7,925 Boe/d , approximately 7,000 Boe/d lower than the second quarter, due to an unplanned six-week outage at a third-party natural gas processing [...]
This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. Paramount Resources Ltd. announces that it acquired direct ownership and control of 17,324,000 common shares of NuVista Energy Ltd. today at a price of $0.61 per NuVista Share for an aggregate purchase price of $10,567,640. The Transaction was conducted as a block trade through the facilities of the [...]
CALGARY, AB, Sept. 14, 2020 /CNW/ - Paramount Resources Ltd. is pleased to provide an update on its operations and 2020 guidance. HIGHLIGHTS The Company is accelerating $60 million of development activities at Karr and Wapiti from 2021 into the second half of 2020. Sales volumes are now expected to average between 62,500 and 67,500 Boe/d in the second half of 2020, reflecting the impact of the previously announced [...]
Paramount Resources Ltd. was notified by Keyera Corp. on August 17, 2020 of an unplanned outage of the Keyera Wapiti Gas Plant related to an issue with the waste heat recovery system. On August 27, 2020, Keyera further advised that the extent of the issue is more widespread than previously indicated and that it is now unable to provide a definitive indication of the duration of the outage. Sales volumes at Wapiti during [...]
Paramount Resources Ltd. is providing an update concerning its investment in Strath Resources Ltd. As announced by Waterous Energy Fund, Strath amalgamated with Cona Resources Ltd. on August 14, 2020 to form Strathcona Resources Ltd. Prior to the amalgamation, Paramount held common shares of Strath and warrants to acquire common shares of Strath that it received in connection with the July 2018 disposition of its [...]
+37,78 %
-10,80 %
