Corporate Overview Founded in 1976 (IPOd in 1978), Paramount has a proven track record and strategy that generates above-average long term rates of return. Early identification and low cost capture Large and diversified suite of…
Montney and Duvernay Focus Areas Paramount is forecasting 2019F production of 81,000 to 85,000 Boe/d. The Montney and Duvernay account for 45,000 Boe/d of this. (1) (1) 1) Excludes production from the Resthaven / Jayar asset…
Paramount Strategy Paramount has secured significant land positions in what is proving to be the most liquids-rich (and therefore economic) windows of the Montney and Duvernay. Large suite of high rate of return assets at various…
History of Generating Returns The 2019 capital expenditure program is heavily weighted towards our highest return projects and is expected to drive and maintain strong returns on a go-forward basis. Paramount outperformed its peer…
2019 Budget and Production Guidance Paramount has set a base 2019 capital budget of 350 MM to support annual production of 81,000 85,000 Boe/d; Q419 forecast to average 85,000 90,000 Boe/d. 2019F Budget and Production Guidance 2019F…
Karr Asset Overview Q418 Karr liquids debottlenecking activities were successfully completed with sales averaging 26,282 Boe/d vs. 21,636 Boe/d in the first nine months of 2018. A multi-stacked horizon, offering development potential…
Karr Asset Overview (Contd) Processing and takeaway capacity is in place to support Montney growth at Karr. Recent Developments Gas Processing and Takeaway Capacity In 2018, the 1-2 five well pad was drilled, completed and Gross…
Wapiti Asset Overview Wapiti remains on track to come onstream in mid-2019 and is expected to meaningfully increase sales volumes in the second half of 2019. The Wapiti asset is a continuation of Type Well (1) Karr and is…
Wapiti Asset Overview (Contd) Processing and takeaway capacity is in place to support Montney growth at Wapiti, with natural gas sales takeaway increasing to 130 MMcf/d by 2021. Recent Developments Gas Processing and Takeaway (MMcf/d)…
Karr / Wapiti Free Cash Flow Potential Karr and Wapiti together have the potential to generate annual free cash flow (1) of 350 MM - 500 MM. The table highlights illustrative potential annual free cash flow (1) (FCF) of Karr and…
Kaybob Montney Oil Asset Overview Although more geologically complex, the Montney Oil field continues to generate strong rates of return. Asset Overview Discovered in 2010 with 150 wells drilled to date Paramount owned 12-10 battery…
Kaybob Duvernay Asset Overview The recent 4-well pad at Smoky continues to exceed expectations with a high liquids contribution in particular. 2019 activities will focus on Kaybob South. Asset Overview Liquids-rich Duvernay fairway…
Central Alberta & Other Overview Multiple land and resource positions including 150,000 net acres of core Duvernay rights at Willesden Green and the East Shale Basin. Asset Overview Low decline, predictable production Owned and…
Area Based Closures Reducing Cost Structure Paramount continues to focus on safety and environmental responsibility as it transitions into the abandonment and reclamation phase in both Hawkeye and Zama. Permanently shut-in dry gas…
Type Well Economics - Core Areas Paramounts 2019 activities are predominantly directed to its highest risk-adjusted rate of return opportunities. Type Well Economics (1) Montney Duvernay Grande Prairie Kaybob Kaybob Central…
Liquidity and Risk Management In Q4 2018, Paramount expanded its covenant based revolving bank credit facility to 1.5 billion. Market diversification strategies have improved netbacks. Credit Facility Exercised accordion feature to…
Strategic and Long-Term Investments Paramount is unique in that it holds a strategic position in a number of public and private entities. 19
Paramount Investment Attributes Paramount offers a unique investment proposition. Extensive portfolio of liquids-rich resource plays in the Montney and Duvernay Returns focused capital allocation strategy supported by rigorous…
Loading...
