Corporate Overview Paramount has significant land positions in the most liquids-rich areas of the prolific Montney and Duvernay resource plays Founded in 1976 (IPOd in 1978) Market Snapshot (TSX-POU) Guidance Summary 2022F 2023F(6)…
Delivering on Free Cash Flow Priorities Paramount expects to achieve its net debt target of 300MM by mid-year 2022 Paramount is prioritizing free cash flow as follows: The Companys 2022 capital program, targeted net debt reduction and…
Reserves and Five-Year Outlook Exceptional recycle ratios that drive material free cash flow generation for incremental shareholder returns and growth In 2021, Paramount increased proved developed producing (PDP), total proved…
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 Asset Optionality & Value (1) Stage of…
Karr Activity and Production Production from Paramounts flagship asset at Karr is expected to grow to 45,000 Boe/d in H2 2022 Actively began development in 2016 with 81 wells brought onstream to the end of March 2022 2022 activities…
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 (3) The first…
Karr Performance Wells exhibit strong returns and quick payouts Karr Well Performance 2016/17 Program 2018 Program 2019 Program 2020 Program 2021 Program 2.8x Avg/Well 3.3x Avg/Well 3.1x Avg/Well 5.0x Avg/Well 7.2x Avg/Well…
Wapiti Activity and Production Paramount is advancing the next major phase of growth at Wapiti and expects year-end 2022 production of 27,000 Boe/d Development commenced in 2018 with 42 wells brought onstream to the end of March 2022…
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 2018/19 Program 2019/20 Program 2020 Program 2021 Program 2022 Program 2.2x Avg/Well 2.5x…
Grande Prairie Capital Efficiencies Paramounts focus on continuous improvement has resulted in lower well costs at Karr and Wapiti The Company continues to strive for lower costs while maintaining its focus on safety, integrity and…
Kaybob Duvernay Paramount controls a material and increasingly de-risked position in the Kaybob Duvernay Kaybob Duvernay Plans: With significant cash flow generation from Karr and Wapiti, the Company is now in a position to start…
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 Kaybob North Duvernay play will contribute to the next wedge of production growth for Paramount Competitor activity continues to de-risk Paramount land Activity increased in 2021 and is expected to…
Other Duvernay and Montney Assets at Kaybob Despite limited capital being currently deployed, assets have significant upside and running room In 2019, the Company brought on production 5 (2.5 net) Enhanced oil recovery pilot project…
Willesden Green Duvernay Overview Recent accretive acquisition more than doubles Paramounts land position and estimated drilling locations Completed a highly complementary 40 million acquisition in late April that is accretive on all…
Environmental, Social and Governance (ESG) Paramount prides itself in delivering value to all stakeholders in a responsible manner Environmental Social Participated in the 2021 CDP Climate Change Fosters a safety conscious culture…
Potential Emission Reduction Initiative Paramount continues to evaluate 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.…
Credit Facility and Risk Management Paramount has an active market risk diversification and risk management strategy Credit Facility Paramount has a 1.0 billion financial covenant based revolving credit facility (May 2026 maturity)…
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 Cavalier Energy Inc. Wholly owned by…
Appendix
Appendix The following summarizes the performance of the wells at Karr (1) Peak 30-Day Cumulative (2) Wellhead Wellhead Wellhead Wellhead Days on DCET Costs Total NGLs Shale Gas CGR (3) Total NGLs Shale Gas CGR (3) Production…
Appendix The following summarizes the performance of the wells at Wapiti (1) Peak 30-Day Cumulative (2) Wellhead Wellhead Wellhead Wellhead (3) (3) Days on DCET Costs Total NGLs Shale Gas CGR Total NGLs Shale Gas CGR Production…
Advisories
Advisories F&D capital is a measure used in determining F&D costs and is comprised of capital expenditures (the most directly comparable measure disclosed in the Companys primary financial statements) for the year excluding corporate…
Advisories Lifetime netback divided by DCET by well is calculated by dividing the actual netback (a non-GAAP financial measure) for a well to February 28, 2022 plus the forecast total proved plus probable netback over the remaining life…
Advisories Product Type Information Below is a complete breakdown of sales volumes for applicable periods by the specific product types of shale gas, conventional natural gas, NGLs, tight oil and light and medium crude oil. Numbers may…
Advisories Reserves Data Reserves data set forth in this presentation is based upon an evaluation of the Companys reserves prepared by McDaniel & Associates Consultants Ltd. (McDaniel) dated March 1, 2022 and effective December 31, 2021…
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