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) 2021 Guidance Summary Capital Expenditures…
Free Cash Flow Generation and Debt Reduction A significantly lower cost structure has helped to generate meaningful free cash flow and debt reduction. Paramount is forecasting 15% year-over-year production growth and 2021 free The…
Responsible Development and Inventory Rich Paramount is allocating capital based on risk and return of opportunities while maintaining its balance sheet strength. Significant Asset Optionality (1) Stage of Development Significant…
Karr Activity and Production Paramounts flagship asset at Karr is expected to reach targeted plateau production of 40,000 Boe/d this year. Actively began development in 2016 with 55 wells brought onstream to the end of 2020 2021…
Karr Performance and Recent Highlights Paramounts Montney wells at Karr continue to exhibit strong production. Recent Highlights Cumulative Boe Karr Wells Play Data (3) Brought onstream six wells on the 3-10 pad two months ahead IP 365…
Karr Capital Efficiencies Paramounts focus on continuous improvement is resulting in consistently lower well costs. DCET costs for the last four pads (comprised of 21 wells) at Karr averaged approximately 7.5 million per well 38%…
Karr Performance Wells exhibit excellent returns on invested capital despite lower commodity price assumptions used by the 3rd-party reserves evaluator. Karr Well Performance by Program 2016/17 Program 2018 Program 2019 Program 2020…
Wapiti Activity and Production Paramount plans to bring seven wells onstream during 2021. Development commenced in 2018 with 29 wells brought onstream to the end of 2020 2021 activity includes the drilling of 5 wells and the completion…
Wapiti Performance and Recent Highlights Lower DCET costs and the implementation of an optimized well completion have further enhanced Wapiti economics. Recent Highlights Cumulative Boe (2) Wapiti Wells Play Data (4) Brought five…
Wapiti Capital Efficiencies Paramount continues to focus on optimizing completion design at Wapiti and is currently testing two monobore drills this year. DCET costs on the five-well 5-3 West pad averaged a pacesetting 7.6 million per…
Wapiti Performance With recent well cost improvements, Wapiti wells are generating strong returns on invested capital. Wapiti Well Performance by Program 2018/19 Program 2019/20 Program 2020 Program 2.0x Avg/Well 2.1x Avg/Well 2.6x…
Kaybob Duvernay Paramount controls a material and increasingly de-risked position in the Kaybob Duvernay. Large portfolio of resource plays in the Kaybob Region 200,000 net acres of Duvernay rights 272,000 net acres of Montney rights…
Kaybob and Central Overview Assets have significant upside with a great deal of running room. Limited capital is currently being deployed. The Kaybob Smoky Duvernay asset has been de-risked with Competitor activity de-risking Paramount…
Kaybob and Central Overview (Contd) Assets have significant upside with a great deal of running room. Limited capital is currently being deployed. Paramount plans to initiate an enhanced oil recovery pilot project Complete, tie-in and…
Environmental, Social and Governance (ESG) Paramount prides itself in delivering value to all stakeholders in a responsible manner. In 2020, Paramount published its inaugural ESG report which can be found on our website (including…
Credit Facility and Risk Management Paramount has an active market diversification and risk management strategy. Credit Facility and Convertible Debentures Paramount has a 1.0 billion covenant based revolving bank credit facility (700…
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. 40+ year history of responsible energy development and environmental stewardship Extensive portfolio of liquids-rich resource plays in the Montney and…
Appendix
Appendix The following summarizes the performance of the wells at Karr. Peak 30-Day (1) Cumulative (2) DCET Wellhead Wellhead Shale Wellhead Wellhead Days on Costs Total CGR Total CGR NGLs Gas NGLs Shale Gas Production (MM)…
Appendix The following summarizes the performance of the wells at Wapiti. (3) Peak 30-Day (1) Cumulative (2) DCET Costs Wellhead Wellhead Wellhead Wellhead Days on Total CGR Total CGR NGLs Shale Gas NGLs Shale Gas Production (MM)…
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