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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Post by Betteryear2on Mar 02, 2022 7:24am

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Post# 34473933

2021 Annual Results and Increased Dividend and 2022 Guidance

CALGARY, AB, March 2, 2022 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to report 2021 annual results that include record adjusted funds flow, continuing capital discipline, increased reserves with strong finding and development costs and recycle ratios and a 47% year-over-year reduction in net debt. Paramount is also pleased to announce that it is increasing its regular monthly dividend from $0.06 per share to $0.08 per share beginning March 2022 and forecasting higher 2022 production and free cash flow.