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 > Cash infusion?

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Post by Konaboyon Nov 18, 2022 9:25am

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Post# 35109867

Cash infusion?

Can't find any explicit reference to POU's stake ?!?

Private equity firm KKR & Co

KKR-N

-2.26%

is seeking buyers for Canadian oil and gas producer Westbrick Energy Ltd to cash in on high energy prices, in a potential deal valued at around C$1.5-billion to C$2.0-billion ($1.13-billion to $1.5-billion), two sources familiar with the matter said on Thursday.

Majority owner KKR aims to strike a deal by the end of the year, one of the sources said, adding that KKR could still retain the company if it does not receive suitable offers.

Paramount Resources Ltd owns a smaller stake, according to Westbrick’s website. Paramount’s CEO, Jim Riddell, a Westbrick director, could not immediately be reached.

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