Paramount Resources Ltd T.POU

Alternate Symbol(s): PRMRF

Energy Oil & Gas E&P

Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized into three regions: the Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti; the Kaybob Region, located in west-central Alberta, which includes the Kaybob North Duvernay development, the Kaybob North Montney oil development and other shale gas and conventional natural gas producing properties, and the Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia.

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Paramount Resources Ltd

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Comment by SmellyBellyon Mar 11, 2007 1:52pm

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Post# 12397274

RE: Asset sale

Totally agree with Dowd. Be nice if they issued a press release, though. Analysts often see asset sales from co's with a higher than industry avg. debt level as a sign of distress. The classic "they're having to sell off assets to meet their debt payments" scenario." Especially in this fragile market environment. (They haven't started their US drilling yet? I thought they had at least some loc's set 3 or 4 mos. ago.)

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