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) Guidance Summary 2021F 2022F (6)…
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 prioritizing free cash flow as follows: The Company has hedged 53% of…
Grande Prairie Free Cash Flow Generation Karr and Wapiti are expected to drive significant free cash flow in 2022 and beyond Karr and Wapiti combined have the potential to generate significant asset level Illustrative Cumulative…
Prudent Development of Inventory-Rich Opportunity Set Paramount is allocating capital based on risk and return of opportunities while maintaining its balance sheet strength Significant inventory of opportunities across Paramount's…
Karr Activity and Production Paramounts flagship asset at Karr reached targeted plateau production of 40,000 Boe/d in March 2021 Actively began development in 2016 with 55 wells brought onstream to the end of 2020 2021 activities…
Karr Performance and Recent Highlights Paramounts Montney wells at Karr continue to exhibit strong production Recent Highlights Cumulative Boe Karr Wells Play Data (3) The six-well 3-10 pad that was brought onstream in February…
Karr Capital Efficiencies Paramounts focus on continuous improvement is resulting in consistently lower well costs DCET costs on the 7-18 pad averaged 6.0 million per well, representing an 11% reduction relative to average DCET costs…
Karr Performance Wells exhibit strong returns and quick payouts Karr Well Performance by Program 60 2016/17 Program 2018 Program 2019 Program 2020 Program 2021 Program 6.0x 2.2x Avg/Well 2.5x Avg/Well 2.5x Avg/Well 3.8x Avg/Well…
Wapiti Activity and Production Paramount has accelerated 2021 development to advance the next major phase of growth at Wapiti Development commenced in 2018 with 29 wells brought onstream to the end of 2020 2021 activity includes the…
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 Wapiti Wells Play Data (2) In May, Paramount…
Wapiti Capital Efficiencies Paramount continues to focus on optimizing well design at Wapiti and recently successfully tested three monobore wells Monobore wells benefit from lower drilling and completion costs and higher frac fluid…
Wapiti Performance With recent well cost improvements, Wapiti wells are generating strong returns on invested capital Wapiti Well Performance by Program 50 5.0x 2018/19 Program 2019/20 Program 2020 Program 2.4x Avg/Well 2.5x…
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 continues to de-risk…
Kaybob and Central Overview (Contd) Assets have significant upside with a great deal of running room. Limited capital is currently being deployed Enhanced oil recovery pilot project in 2021 will assess the Recently completed, tied-in…
Environmental, Social and Governance (ESG) Paramount prides itself in delivering value to all stakeholders in a responsible manner Environmental Social Reduced year-over-year Scope 1 & 2 absolute Foster a safety conscious culture…
Emission Reduction Initiative Paramount is evaluating a zero/ultra-low emissions power generation, CCUS and EOR project Paramount has engaged an outside engineering firm and is working with Clean Energy Systems Inc. (CES) to assess the…
Credit Facility and Risk Management Paramount has an active market risk diversification and risk management strategy Credit Facility and Convertible Debentures Paramount has a 900 million financial-covenant based revolving bank…
Strategic and Long-Term Investments Paramount is unique in that it holds a strategic position in a number of public and private entities Summary of Investments & Other Assets Fox Drilling Liard Basin Wholly owned by Paramount Besa…
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) Wellhead Wellhead Shale Wellhead Wellhead Days on DCET Costs Total NGLs Gas CGR (3) Total NGLs Shale Gas CGR (3) Production (MM)…
Appendix The following summarizes the performance of the wells at Wapiti Peak 30-Day (1) Cumulative (2) Wellhead Wellhead Wellhead (3) (3) Days on DCET Costs Total Wellhead NGLs Shale Gas CGR Total NGLs Shale Gas CGR Production…
Advisories
Advisories Oil and Gas Measures and Definitions Natural Gas Liquids Oil Equivalent GJ Gigajoules Bbl Barrels Boe Barrels of oil equivalent GJ/d Gigajoules per day Bbl/d Barrels per day MBoe Thousands of barrels of oil equivalent Mcf…
Advisories Product Type Information This document refers to sales volumes of liquids, natural gas, condensate and oil and other NGLs. Liquids means NGLs (including condensate) and oil combined, natural gas refers to conventional natural…
Advisories Play Data The play data for Karr and Wapiti contained at pages 8 and 12 in this presentation has been prepared effective September 1, 2020 by internal qualified reserves evaluators from Paramount using strip pricing at the…
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