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 Ltd. 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 [...]
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 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. About Paramount Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy company [...]
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 [...]
Paramount Resources Ltd. is pleased to announce its first quarter 2024 financial and operating results, highlighted by strong contributions from its Duvernay developments at Kaybob North and Willesden Green. The Company is also pleased to announce that it is increasing its regular monthly dividend by 20% from $0.125 per class A common share to $0.15 per Common Share beginning May 2024. HIGHLIGHTS First quarter sales [...]
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 sold 6,000,000 common shares of NuVista Energy Ltd. on April 11, 2024 by means of a block trade through the facilities of the TSX . Paramount received $12.50 per NuVista Share for aggregate cash consideration of $75,000,000. The NuVista Shares disposed of [...]
Paramount Resources Ltd. is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on April 30, 2024 to shareholders of record on April 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. About Paramount Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy [...]
Paramount Resources Ltd. is pleased to announce its 2023 annual financial and operating results, highlighted by record production, and a $47 million non-core asset disposition. The Company is also providing a production update and revised 2024 guidance. 2023 HIGHLIGHTS The Company achieved record annual sales volumes of 96,393 Boe/d in 2023. Sales volumes in the fourth quarter were 101,348 Boe/d , of which 72,860 Boe/d [...]
Paramount Resources Ltd. is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on February 29, 2024 to shareholders of record on February 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. About Paramount Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy [...]
Paramount Resources Ltd. is pleased to provide an update on its recent Duvernay development activities and preliminary estimates of its fourth quarter sales volumes and 2023 annual capital expenditures. DUVERNAY DEVELOPMENT UPDATE Willesden Green Duvernay The Company successfully commissioned the liquids handling expansion of its Leafland natural gas processing plant at Willesden Green in December. The expansion was [...]
Paramount Resources Ltd. is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on January 31, 2024 to shareholders of record on January 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy [...]
Paramount Resources Ltd. is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on December 29, 2023 to shareholders of record on December 15, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. ABOUT PARAMOUNT Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy [...]