The previously announced offering of Paramount's 7.625% senior unsecured notes due 2019 has been upsized from $100 million to $150 million and priced at a premium price of $1,007.50 per $1,000 principal amount. The offering is expected to close on December 11, 2013. The Senior Notes have not been and will not be registered under any federal or state securities laws of the United States. Accordingly, the Senior Notes may [...]
Paramount intends to sell an additional $100 million aggregate principal amount of its 7.625% senior unsecured notes due 2019 by way of a public offering in Canada and on a private placement basis in the United States through a syndicate of underwriters. The Offering is expected to close before mid-December 2013. Net proceeds from the Offering will be used to fund a portion of Paramount's 2014 capital expenditure program [...]
CALGARY, ALBERTA--(Marketwired - Nov 6, 2013) - Paramount Resources Ltd. (TSX:POU) THIRD QUARTER OVERVIEW Principal Properties Paramount engaged its independent reserves engineers to complete an updated evaluation of the Company's conventional reserves, effective September 30, 2013, in connection with the renewal of its bank credit facility at the end of November. Proved reserves increased 75 percent from year-end 2012 [...]
CALGARY, ALBERTA--(Marketwired - Oct 16, 2013) - Paramount Resources Ltd. (TSX:POU) ("Paramount") has completed its previously announced public offering of 1,115,000 Class A Common Shares of Paramount issued on a "flow-through" basis in respect of Canadian exploration expenses ("FTS") at a price of $44.00 per FTS for gross proceeds of $49,060,000. The FTS were sold through a syndicate of underwriters co-led by RBC Capital [...]
Paramount Resources has entered into an agreement to sell, through a syndicate of underwriters co-led by RBC Capital Markets, BMO Capital Markets and Peters & Co. Limited, on a guaranteed agency basis, 1,115,000 Class A Common Shares of Paramount to be issued on a "flow-through" basis in respect of Canadian exploration expenses ("FTS") at a price of $44.00 per FTS for gross proceeds of $49,060,000. The FTS will be offered [...]
The final stages of construction of the Company's wholly-owned 200 MMcf/d deep cut facility at Musreau (the "Musreau Deep Cut Facility") will be completed over the next few months and the project remains in-line with budget. Commissioning of the major components will begin in the fourth quarter of 2013.
Paramount Resources has completed its previously announced public offering of 4,025,000 Class A Common Shares through a syndicate of underwriters at a price of $37.50 per share for gross proceeds of $150,937,500, which includes the exercise in full by the underwriters of their 15 percent over-allotment option. The underwriting syndicate was led by BMO Capital Markets.
Paramount has entered into an agreement to sell to a syndicate of underwriters led by BMO Capital Markets, on a bought deal basis, 3,500,000 Class A Common Shares to be issued at a price of $37.50 per share for gross proceeds of $131,250,000. In addition, the underwriters will also have an over-allotment option for 15% of the offering exercisable at any time until 30 days following the closing. The shares will be offered [...]
Paramount achieved record sales volumes of 23,600 Boe/d in March 2013, the highest since the spin-out of Trilogy in 2005, despite 800 Boe/d of property dispositions and 2,000 Boe/d of third party disruptions. First quarter 2013 sales volumes increased 20 percent from the first quarter of 2012 to 22,591 Boe/d. Kaybob COU sales volumes increased 46 percent to 14,156 Boe/d.
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. Wednesday, May 8, 2013. To listen to the annual general meeting and view the presentation to be provided at the meeting, please go to the link to the webcast on Paramount's website
Total proved and probable reserves increased 239 percent to 179.9 MMBoe, with conventional reserves increasing 64 percent to 86.8 MMBoe (replacement ratio of six times) and probable oil sands bitumen reserves increasing 93.1 MMBoe.