CALGARY, ALBERTA--(Marketwired - Dec 5, 2014) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that its bank credit facility has been increased from $700 million to $900 million based on the results of its Deep Basin development programs. As part of the annual renewal, the revolving period of the facility has been extended to November 30, 2015. Paramount's sales volumes are [...]
CALGARY, ALBERTA--(Marketwired - Nov 5, 2014) - Paramount Resources Ltd. (TSX:POU) THIRD QUARTER OVERVIEW Oil and Gas Operations Paramount's sales volumes reached approximately 40,000 Boe/d in early-October 2014, the highest level since the 2005 Trilogy Energy spin-out, including approximately 30,000 Boe/d in the Kaybob COU and 9,000 Boe/d in the Grande Prairie COU. The Company's October 2014 average monthly sales [...]
CALGARY, ALBERTA--(Marketwired - Aug 14, 2014) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) is pleased to announce that the Company has delivered first sales gas from its Musreau Deep Cut Facility. The achievement of this milestone enables Paramount to begin the ramp-up of production from its behind-pipe wells in the Musreau area. ABOUT PARAMOUNT Paramount is an independent, publicly traded [...]
CALGARY, ALBERTA--(Marketwired - Aug 6, 2014) - Paramount Resources Ltd. (TSX:POU) SECOND QUARTER OVERVIEW Oil and Gas Operations Second quarter sales volumes exceeded guidance, averaging 20,585 Boe/d. Shorter than expected facility downtime in the Kaybob COU enabled new condensate-rich Montney wells to be brought on in place of leaner wells. First sales gas from the Musreau Deep Cut Facility is imminent. The facility [...]
Paramount Resources has completed its previously announced public offering of 4,600,000 Class A Common Shares at a price of $60.00 per share for gross proceeds of $276,000,000 and 900,000 Class A Common Shares issued on a "flow-through" basis in respect of Canadian exploration expenses at a price of $74.40 per share for gross proceeds of $66,960,000. Both the Common Shares and the Flow-Through Shares were sold through a [...]
Paramount Resources is pleased to announce: Commissioning of the Company's wholly-owned 200 MMcf/d Musreau Deep Cut Facility is complete. The facility has been handed over to Paramount's operations team and final start-up activities are underway to begin delivering sales volumes. The Company is expanding the development of its liquids-rich Montney lands in the Kaybob area. To provide incremental natural gas processing [...]
Paramount Resources and MGM Energy announced today that Paramount has completed the acquisition of all of the outstanding common shares of MGM Energy not owned by it pursuant to an arrangement under the Business Corporations Act (Alberta). Paramount issued 1,127,790 Class A Common Shares in connection with the transaction. The common shares of MGM Energy are expected to be delisted from the Toronto Stock Exchange within [...]
CALGARY, ALBERTA--(Marketwired - May 8, 2014) - Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that at its annual meeting of shareholders held on May 8, 2014 the following ten director nominees were elected: NOMINEE VOTES FOR VOTES WITHHELD ...
CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Paramount Resources Ltd. (TSX:POU) FIRST QUARTER OVERVIEW Oil and Gas Operations Construction of Paramount's wholly-owned 200 MMcf/d Musreau Deep Cut Facility is complete and the final stages of commissioning are underway. The expected total cost of the facility remains in-line with the original budget at approximately $190 million. First quarter sales volumes averaged [...]
CALGARY, ALBERTA--(Marketwired - May 6, 2014) - 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) Thursday, May 8, 2014. To listen to the annual general meeting and view the presentation to be provided at the meeting [...]
CALGARY, ALBERTA--(Marketwired - Mar 7, 2014) - Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that it has acquired ownership and control of 13,705,883 common shares of Marquee Energy Ltd. ("Marquee") issued from treasury at a deemed price of $0.85 per share, representing approximately 14% of Marquee's outstanding common shares after such issuance. Paramount acquired such shares as consideration for certain [...]
CALGARY, ALBERTA--(Marketwired - Mar 6, 2014) - Paramount Resources Ltd. (TSX:POU) - OVERVIEW Oil and Gas Operations Proved reserves increased 72 percent year-over-year to 87.7 MMBoe, after production of 7.6 MMBoe and dispositions of 2.2 MMBoe (replacement ratio of 6.1 times). Total proved and probable ("P+P") reserves increased 47.3 MMBoe to 227.3 MMBoe, with conventional P+P reserves increasing 54 percent to 133.8 [...]