Paramount Resources Ltd.

Paramount Resources Ltd. announces that its board of directors has approved the implementing of a normal course issuer bid . A Notice of Intention to make a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange . Paramount is implementing the NCIB as the Company's directors and management believe that, from time to time, the market price of Paramount's Class A Common Shares does not [...]

CALGARY, Dec. 5, 2019 /CNW/ - Paramount Resources Ltd. is pleased to announce that it has closed the sale of certain natural gas weighted properties in West Central Alberta for cash consideration of approximately $55 million .  Paramount will retain all of its Duvernay assets in both Willesden Green and the East Shale Basin, as well as its fee title and royalty lands . The Transaction significantly reduces the complexity [...]

Paramount Resources Ltd. is pleased to announce that it has completed a non-brokered private placement of 5,648,499 class A common shares at a price of $6.65 per share for total proceeds of $37,562,518. The Shares were issued on a "flow-through" basis in respect of Canadian development expenses.  3,750,000 of the Shares were issued to an entity controlled by James H.T. Riddell, Paramount's Chairman and President and Chief [...]

HIGHLIGHTS Paramount's sales volumes averaged 81,046 Boe/d in the third quarter of 2019, relatively unchanged from the second quarter. Third quarter liquids sales volumes, however, increased 1,441 Bbl/d to 31,612 Bbl/d compared to 30,171 Bbl/d in the second quarter. At Wapiti, third quarter sales volumes increased 109 percent to 8,163 Boe/d compared to the second quarter. All 11 Montney wells on the Wapiti 9-3 pad have [...]

CALGARY, Aug. 8, 2019 /CNW/ - HIGHLIGHTS Sales volumes averaged 81,793 Boe/d in the second quarter of 2019. Paramount's second quarter netback was $82.1 million compared to $115.7 million in the first quarter of 2019, primarily as a result of weaker natural gas and NGLs prices. Second quarter 2019 operating costs of $86.8 million were lower than first quarter operating costs of $90.4 million . The liquids-rich Karr and [...]

Paramount Resources Ltd. is pleased to announce that it has closed the previously announced sale of its Karr 6-18 natural gas facility to CSV Midstream Solutions Corp. for total consideration of approximately $470 million. The consideration received by Paramount included approximately $330 million in cash plus a $140 million capital commitment to fund and complete the expansion of the facility. The cash proceeds from the [...]

 Paramount Resources Ltd. is pleased to announce that it has entered into an agreement with an affiliate of CSV Midstream Solutions Corp. for the sale of its Karr 6-18 natural gas facility and related midstream assets for total cash consideration of approximately $330 million plus a $140 million capital commitment to fund and complete the associated expansion of the facility , bringing the total transaction value to $470 [...]

Paramount Resources Ltd. announces that the following nine director nominees were elected at today's annual general meeting of shareholders: Number Percent Number Percent JAMES RIDDELL 98,444,122 99.17% 819,221 0.83% JAMES BELL 98,467,324 99.20% 796,019 0.80% WILFRED GOBERT 98,477,960 99.21% 785,383 0.79% JOHN GORMAN 97,725,294 98.45% 1,538,049 1.55% DIRK JUNGE 98,283,295 99.01% 980,048 0.99% ROBERT MACDONALD 98,477,394 [...]

CALGARY, May 8, 2019 /CNW/ - OIL AND GAS OPERATIONS Sales volumes averaged 81,296 Boe/d in the first quarter of 2019.    Paramount's netback increased 61 percent to $115.7 million in the first quarter of 2019 compared to $72.0 million in the fourth quarter of 2018, mainly due to a 26 percent average increase in realized prices. The liquids-rich Karr development accounted for $52.8 million of the Company's total netback in [...]

Paramount Resources Ltd. announces that it will be webcasting the Annual General Meeting of shareholders to be held at The Hudson, 6th Floor, 200 – 8th Avenue SW, Calgary, Alberta, at 10:30 AM MDT on Wednesday, May 8, 2019.  To listen to the meeting and view the presentation, please go to the link to the webcast on Paramount's website at: http://www.paramountres.com/investor-relations/webcasts-and-latest-presentation [...]