Business Summary: Paramount Resources Ltd is a Canada-based energy company that is focused on developing its portfolio of diverse resource plays while consistently building value for shareholders. The Company explores for, develops, produces and markets natural gas, oil and natural gas liquids in Alberta, British Columbia, Saskatchewan and the Northwest Territories. It has portfolio of resource plays in the Kaybob Region and The Central Alberta, which includes multiple land and resource positions, such as Kaybob Montney Oil, Kaybob South Duvernay Willesden Green and East Shale Basin Duvernay, Cardium, Glauconite and Ellerslie rights.
Financial Summary: BRIEF: For the nine months ended 30 September 2019, Paramount Resources Ltd revenues increased 9% to C$580.9M. Net loss decreased 71% to C$56.7M. Revenues reflect Oil Equv. Prod. (Bbl/D)- Grande Prairie increase of 3% to 26K barrels per day, Gain (loss) on commodity contracts increase of 83% to -C$28M, Royalties decrease of 25% to C$46.1M. Lower net loss reflects Exploration and Development Costs-Kaybob decrease of 49% to C$62M.