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. Recent Highlights Brought onstream all five wells on the 2-1 pad Cumulative Boe Karr Wells Averaged gross…
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 2020 Activity and Production Production is expected to grow significantly in the fourth quarter. Quarterly Production Outlook (Boe/d) 7
Karr Capital Efficiencies Paramounts focus on continuous improvement is resulting in consistently lower well costs. Most recent two pads DCET costs anticipated to come in under Karr type well cost of 8.4 million Continued focus on well…
Wapiti Asset Overview Lower DCET costs and the implementation of an optimized well completion has enhanced Wapiti economics further. Recent Highlights Cumulative Boe (1) Wapiti Wells Improved efficiencies and completion design resulted…
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 2020 Activity and Production Production is expected to grow in 2021 as facility reliability improves. Quarterly Production Outlook (Boe/d) 11
Wapiti Capital Efficiencies Well costs continue to improve on efficiencies and well design while maintaining completion effectiveness. Achieved a new pacesetter drill cost of approximately 2.0 million for one of the wells on the 5-3 West…
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 Completed a multi-year initiative where approximately 1,900 high- Strive to be a respected partner and…
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 NYMEX WTI Swaps (Sale) 4,000 Bbl/d CDN80.11/Bbl…
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 and 2021 Capital Program Paramount offers a unique investment proposition. 40+ year history of responsible energy development Extensive portfolio of liquids-rich resource plays in the Montney and…
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