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 > Valuable Assets & Almost 4 Billion dollars cash -What to do?

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Comment by WillyGreenon Nov 16, 2024 2:28pm

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Post# 36316620

RE:RE:Valuable Assets & Almost 4 Billion dollars cash -What to do?

The Agreement provides for a $100 milliondeposit by Ovintiv. If the Transaction is not completed, the deposit may be forfeited by Ovintiv to Paramount in certain circumstances set out in the Agreement.

now ovintiv stressed that the Montney is one of the last areas of sub $50 breakeven production. Don't see them walking away. Winners on both sides so that's a good deal.

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