Corporate Overview Paramount has significant land positions in the most liquids-rich areas of the prolific Montney and Duvernay plays. Founded in 1976 (IPOd in 1978) Market Snapshot (TSX-POU) 2020 Guidance Summary Significant insider…
Responsible Development and Inventory Rich Paramount is allocating capital based on risk and return of opportunities while maintaining its balance sheet strength. Opportunistically pursuing property dispositions with a focus on…
Karr Asset Overview Paramounts Montney wells at Karr continue to exhibit strong production with significant liquids contribution. Cumulative Boe Karr Wells 40 Montney wells onstream since development began in 2016 Play leading CGR…
Karr Performance Wells exhibit excellent payout on invested capital. Karr Well Performance by Program 2016/17 Program 2018 Program 2019 Program 41% Avg IRR 62% Avg IRR 54% Avg IRR 2.6x Avg/Well 3.7x Avg/Well 3.0x Avg/Well MM…
Karr Capital Efficiencies Paramounts focus on continuous improvement is resulting in consistently lower well costs. A new pacesetter well was drilled for 2.7 million versus budgeted drill cost of 4.0 million Average completion costs on…
Wapiti Asset Overview Volumes are forecast to increase following the outages and third-party reliability issues in Q1 2020. Cumulative Boe Wapiti Wells All 11 wells from the 9-3 pad commenced production in May 2019 All 12 wells from…
Wapiti Performance Wapiti wells are forecast to closely match the excellent performance at Karr. Wapiti Well Performance by Pad 9-3 Pad 5-3 East Pad 31% Avg IRR 51% Avg IRR 3.4x Avg/Well 3.6x Avg/Well MM Forecast IRR*…
Wapiti Capital Efficiencies Well costs at Wapiti continue to improve and are lower than Karr. Achieved a new pacesetter drill cost of approximately 2.4 million for one of the wells on the 5-3 pad versus budget of 3.5 million Completion…
Kaybob Duvernay Paramount controls a large position in the Kaybob Duvernay Play area which is dominated by supermajors. Large portfolio of resource plays in the Kaybob Region 202,000 net acres of Duvernay rights 275,000 net acres of…
Kaybob and Central Overview Assets have significant upside with a great deal of running room. Limited capital is currently being deployed. The Smoky Duvernay asset has been de-risked with In 2019, a tenure well was drilled in the North…
Kaybob and Central Overview (Contd) Assets have significant upside with a great deal of running room. Limited capital is currently being deployed. Discovered in 2010 with 150 wells drilled to date An appraisal well at Ante Creek was…
Abandonment and Reclamation Activities Economies of scale are driving costs lower resulting in liability reductions. Year over Year Change in ARO Liability (1) Total Operated Wells 2019 Highlights First Area Based Closure (ABC)…
ESG Paramount prides itself in delivering value to all stakeholders in a responsible manner. ENVIRONMENT SOCIAL GOVERNANCE During 2018 and 2019 replaced 1,700 high-bleed Strive to be a respected partner and contributor Paramount has a…
Liquidity and Risk Management The Company has approximately 800 million undrawn on its credit facility. (1) 2020 Gas Sales Diversification Impact of Gas Market Diversification (/Mcf) Credit Facility 1.5 billion covenant-based bank…
Strategic and Long-Term Investments Paramount is unique in that it holds a strategic position in a number of public and private entities. 17
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