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 2023F(6)…
Free Cash Flow Generation and Debt Reduction Paramount expects to achieve its net debt target of 300MM by Q3 2022 Paramount is prioritizing free cash flow as follows: The Company has hedged 23% of its midpoint 2022 forecast production…
Five-Year Outlook Material free cash flow generation provides funding for incremental shareholder returns and growth Paramount is providing an initial outlook through to the end of 2026 to highlight its 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 74 wells brought onstream to the end of October 2021 2022…
Karr Performance and Recent Highlights Paramounts Montney wells at Karr continue to perform strongly, resulting in improved deliverability Recent Highlights Cumulative Boe Karr Wells Play Data 3,000m Avg. Lateral Length (4) The…
Karr Performance Wells exhibit strong returns and quick payouts Karr Well Performance by Program 80 2016/17 Program 2018 Program 2019 Program 2020 Program 2021 Program 8.0x 2.4x Avg/Well 2.7x Avg/Well 2.7x Avg/Well 4.1x 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 36 wells brought onstream to the end of October 2021 2022 activity…
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 3,000m Avg. Lateral Length…
Wapiti Performance With recent well cost improvements, Wapiti wells are generating strong returns on invested capital Wapiti Well Performance by Program 60 6.0x 2018/19 Program 2019/20 Program 2020 Program 2021 Program 2.4x…
Grande Prairie Capital Efficiencies Paramounts focus on continuous improvement has resulted in consistently lower well costs at Karr and Wapiti Paramount expects to realize capital cost efficiencies in its Duvernay plays at Kaybob and…
Kaybob Duvernay Paramount controls a material and increasingly de-risked position in the Kaybob Duvernay Kaybob Duvernay Plans: With Karr at plateau production and Wapiti on its way to achieving plateau production in 2023, the Company…
Kaybob Smoky Duvernay Overview A competitive cost structure at Smoky coupled with targeted capital efficiencies are expected to drive FCF growth The Kaybob Smoky Duvernay asset has been de-risked with competitor wells surrounding…
Kaybob North Duvernay Overview The next wedge of production growth for Paramount will come from the Kaybob North Duvernay play Competitor activity continues to de-risk Paramount land Activity has increased in 2021 and expect this to…
Other Duvernay and Montney Assets at Kaybob Assets have significant upside with a great deal of running room. Limited capital is currently being deployed In 2019, the Company brought on production 5 (2.5 net) Enhanced oil recovery…
Central Willesden Green Duvernay Overview Material, contiguous Duvernay land position at Willesden Green with strong results from most recent wells One well drilled to a lateral length of 4,000m and a total MD of 7,400m (longest…
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 credit…
Strategic and Long-Term Investments Paramount is unique in that it holds strategic positions 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…
Appendix The following summarizes the performance of the wells at Wapiti Peak 30-Day (1) Cumulative (2) Wellhead Wellhead Wellhead Days on DCET Costs Total Wellhead NGLs Shale Gas CGR (3) Total NGLs Shale Gas CGR (3) Production…
Advisories
Advisories Free cash flow refers to adjusted funds flow less total capital expenditures and asset retirement obligation settlements. Free cash flow is used by management and investors to assess the amount of internally generated cash…
Advisories The Company forecasts that: Fourth quarter 2021 sales volumes will average between 85,000 Boe/d and 86,500 Boe/d (55 percent shale gas and conventional natural gas combined, 39 percent light and medium crude oil, tight oil…
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