Paramount Resources Ltd.

OIL AND GAS OPERATIONS Sales volumes averaged 80,471 Boe/d in the third quarter of 2018, including 29,831 Bbl/d or 37 percent liquids. Production was impacted by scheduled turnarounds at a third-party facility in Karr and Paramount's 8-9 facility in Kaybob, as well as the Resthaven/Jayar sale. In addition, an extended commissioning period for the Kaybob Smoky 6-16 plant expansion delayed the start-up of 4 new Duvernay [...]

It is with very heavy hearts that we announce the passing of Company founder and Chairman, Clayton H. Riddell. Clay passed away peacefully with his family by his side on Saturday, September 15th after a short illness. He was 81. An icon of the Canadian oil patch, Clay was a fervent advocate for the responsible development of Canada's natural resources and he epitomized the entrepreneurial spirit. He was also a committed [...]

OIL AND GAS OPERATIONS Paramount's sales volumes averaged 86,741 Boe/d in the second quarter of 2018. Liquids sales volumes averaged 31,057 Bbl/d and constituted 77 percent of total revenue. The Karr development averaged 54 percent liquids for the quarter and generated 55 percent of Paramount's total netback. The Company is on target to complete liquids handling projects that will increase Karr area raw liquids handling [...]

Paramount Resources announces that it acquired today ownership and control of 41,390,909 common shares of Claim Post Resources at a price of $0.10 per share in connection with a private placement by CPRI over the facilities of the TSX Venture Exchange of 130,000,000 common shares of CPRI for gross proceeds of $13 million. Paramount owns and controls approximately 13.1% of the outstanding CPRI Shares following the [...]

CALGARY, July 6, 2018 /CNW/ - Paramount Resources Ltd. is pleased to announce that it has closed the previously announced sale of its oil and gas properties and related infrastructure at Resthaven / Jayar in the Kakwa region to Strath Resources Ltd. .  Consideration received by Paramount totaled $340 million, and included $170 million in cash , 85 million Strath common shares and 10-year warrants to acquire 8.5 million [...]

CALGARY, June 14, 2018 /CNW/ - Paramount Resources Ltd. is pleased to announce that it has entered into a purchase and sale agreement with Strath Resources Ltd. pursuant to which Strath will acquire Paramount's oil and gas properties and related infrastructure at Resthaven / Jayar in the Kakwa region for total consideration of $340 million, subject to customary purchase price adjustments .   The consideration to be [...]

CALGARY, May 9, 2018 /CNW/ - Paramount Resources Ltd. announces that at its annual meeting of shareholders held on May 9, 2018 the following ten director nominees were elected: Number Percent Number Percent CLAYTON RIDDELL 108,363,678 98.84% 1,274,485 1.16% JAMES RIDDELL 109,217,048 99.62% 421,115 0.38% JAMES BELL 107,287,455 97.86% 2,350,708 2.14% WILFRED GOBERT 109,299,164 99.69% 338,999 0.31% JOHN GORMAN 107,917,376 [...]

CALGARY, May 9, 2018 /CNW/ - OIL AND GAS OPERATIONS Paramount's sales volumes averaged 92,203 Boe/d in the first quarter of 2018 compared to 16,163 Boe/d in the first quarter of 2017. Third-party outages, due to unscheduled downtime and extremely cold weather conditions, impacted production by approximately 6,000 Boe/d in the quarter. Montney wells at Karr are maintaining higher condensate rates for longer periods after [...]

CALGARY, May 7, 2018 /CNW/ - Paramount Resources Ltd. 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 9, 2018.  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 [...]

CALGARY, March 8, 2018 /CNW/ - OIL AND GAS OPERATIONS Paramount exited 2017 with fourth quarter sales volumes averaging 95,412 Boe/d compared to  sales volumes of 11,901 Boe/d in the fourth quarter of 2016. Full year sales volumes averaged 44,970 Boe/d in 2017. Paramount's sales volumes, excluding sales volumes from properties acquired or sold in the year, more than doubled to approximately 22,500 Boe/d in 2017 compared [...]