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 Shares Outstanding…
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. Recent Highlights Cumulative Boe Karr Wells The 12-18 pad drilled and completed in H1 2020 was brought on…
Karr Performance Wells exhibit excellent payout on invested capital. Karr Well Performance by Program 2016/17 Program 2018 Program 2019 Program 2.6x Avg/Well 3.7x Avg/Well 3.0x Avg/Well MM * Well 22 DCET significantly higher…
Karr Capital Efficiencies Paramounts focus on continuous improvement is resulting in consistently lower well costs. New drill bit technology and improved directional drilling performance resulted in an 18% decrease in per meter costs on…
Wapiti Asset Overview Q2 2020 sales volumes increased 107% to 14,940 Boe/d (64% liquids) compared to Q1 2020 due to significantly better plant reliability. Cumulative Boe Wapiti Wells Recent Highlights Completed the drilling of 5 wells…
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 3.4x Avg/Well 3.6x Avg/Well MM Actual Netback to Dec 31, 2019 (1) (Left Axis)…
Wapiti Capital Efficiencies Well costs at Wapiti have historically been lower than Karr and will benefit further from the recent successes at Karr. Achieved a new pacesetter drill cost of approximately 2.4 million for one of the wells on…
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 2018/19 replaced 1,700 high-bleed controllers with Strive to be a respected partner and contributor to…
Risk Management Paramount has an active market diversification and risk management strategy. Impact of Gas Market Diversification (/Mcf) Hedges In Place Oil Volume Price Remaining Term Oil - NYMEX WTI Swaps (Sale) 4,000 Bbl/d…
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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