Brief: Paramount Resources Announces Closing Of Disposition, Special Dividend And Updates Guidance

Paramount Resources (Pre-Merger)

11/01/2023 22:29

Jan 11 (Reuters) - Paramount Resources Ltd  POU.TO :
    * PARAMOUNT RESOURCES LTD. ANNOUNCES CLOSING OF DISPOSITION,
SPECIAL DIVIDEND AND UPDATED GUIDANCE
    * PARAMOUNT RESOURCES LTD - EXPECTS ANNUAL CAPITAL
EXPENDITURES
FOR 2022 TO BE AROUND HIGH END OF PREVIOUS GUIDANCE OF BETWEEN
$600 MILLION AND $640 MILLION
    * PARAMOUNT RESOURCES LTD -  BOARD OF DIRECTORS HAS DECLARED
A
SPECIAL CASH DIVIDEND OF $1.00 PER COMMON SHARE
    * PARAMOUNT RESOURCES LTD - Q4 2022 SALES VOLUMES ARE
EXPECTED TO
HAVE AVERAGED APPROXIMATELY 97,500 BOE/D BASED ON PRELIMINARY
FIELD ESTIMATES
    * PARAMOUNT RESOURCES LTD -   EXPECTS ANNUAL CAPEX FOR 2022
TO BE
AROUND THE HIGH END OF PREVIOUS GUIDANCE OF BETWEEN $600 MILLION
AND $640 MILLION
    * PARAMOUNT RESOURCES LTD - EXPECTS 2023 ANNUAL AVERAGE
SALES
VOLUMES 100,000 BOE/D TO 105,000 BOE/D (45% LIQUIDS)

Source text for Eikon:  ID:nCNWc5lS8a 
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 ((Reuters.Briefs@thomsonreuters.com;))