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 (5) 2023F 2024F…
Delivering on Free Cash Flow Priorities With an undrawn 1.0 billion credit facility at quarter end, Paramount is well positioned to deliver on its FCF priorities Paramounts free cash flow priorities continue to be the maintenance of…
Reserves Strong recycle ratios that generate material free cash flows Reserves Growth(1) 2022 (2) Three-Year Average (2) Value (Bn NPV10 ) F&D (/Boe) Recycle Ratio (x) F&D (/Boe) Recycle Ratio (x) 2.5 Bn (17.82/sh.) Grande Grande…
Prudent Development of Inventory-Rich Opportunity Set Paramount continues to allocate capital to its highest risk-adjusted return opportunities while maintaining balance sheet strength Significant inventory of opportunities across…
Grande Prairie Region Paramount has expanded its core Montney land position in the Grande Prairie Region Paramount holds approximately 109,000 net acres of Montney rights at Karr and Wapiti (1) WAPITI Actively began development in…
Karr Activity and Production Performance Paramounts newest Montney wells at Karr are exhibiting strong performance, demonstrating the quality of the entire land block Cumulative Boe (1) Play Data 3,000m Avg. Lateral Length (2) 1,800…
Karr Performance Wells exhibit strong returns and quick payouts Karr Well Performance 100 2016/17 Program 2018 Program 2019 Program 2020 Program 2021 Program 2022 Program 2023 Program 20x 2.9x Avg/Well 3.3x Avg/Well 2.9x Avg/Well…
Wapiti Activity and Production Performance Approximately half of Paramount's activity in 2024 will be the development of its more gas prone lands to the west Cumulative Boe (1) Play Data 3,000m Avg. Lateral Length (2) 800 Type Curve…
Wapiti Performance Wapiti wells are generating strong returns on invested capital Wapiti Well Performance 70 2018/19 Program 2019/20 Program 2020 Program 2021 Program 2022 Program 2023 Program 14x 2.0x Avg/Well 2.4x Avg/Well 4.4x…
Kaybob North Duvernay Overview Recent results have confirmed Paramount's decision to commence the active development of its Kaybob North Duvernay asset Average gross 30-day peak production per well at the new Kaybob North Duvernay…
Willesden Green Duvernay Overview Paramount is increasing development activities in its 240,000 net acre core Duvernay area Despite being restricted, average gross 30-day The Leafland Plant liquids handling expansion is planned to be…
Environmental, Social and Governance (ESG) Paramount prides itself in delivering value to all stakeholders in a responsible manner Environmental Social Participated in the 2022 CDP Climate Change Fosters a safety conscious culture…
Strategic and Long-Term Investments Paramount holds strategic positions in a number of public and private entities Summary of Investments & Other Assets Fox Drilling Cavalier Energy Inc. Investments in Public Companies (1) 500…
Appendix
Other Montney Assets at Kaybob Despite limited capital being currently deployed, assets have significant running room for future development Kaybob North Montney Oil Ante Creek Montney Oil 26 full field development locations…
Appendix The following summarizes the performance of the wells at Karr Peak 30-Day (1) 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 Peak 30-Day (1) Cumulative (2) Wellhead Wellhead Wellhead Wellhead Days on DCET Costs Total NGLs Shale Gas CGR (3) Total NGLs Shale Gas CGR (3) 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 expenditures…
Advisories Lifetime netback divided by DCET by well is calculated by dividing the actual netback (a non-GAAP financial measure) for a well to August 31, 2023 plus the forecast total proved plus probable netback over the remaining life of…
Advisories Product Type Information This presentation includes references to forecast sales volumes of liquids. Liquids refers to light and medium crude oil, tight oil, heavy crude oil, condensate and ethane, propane and butane (Other…
Advisories Play Data The internally estimated play data information for Karr, Wapiti, Kaybob North Duvernay and Willesden Green contained at pages 8, 9, 11, 13 and 14 in this presentation has been prepared effective November 1, 2023 by…
Paramount Resources Ltd. 4700 888 3rd Street S.W. Calgary, Alberta Canada T2P 5C5 Telephone: 403.290.3600 www.paramountres.com
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