March 19 (Reuters) - Paramount Resources Ltd POU.TO :
* PARAMOUNT RESOURCES LTD. ANNOUNCES REDUCED CAPITAL SPENDING AND REVISED PRODUCTION GUIDANCE
* PARAMOUNT RESOURCES LTD - HAS REVISED ITS 2020 CAPITAL GUIDANCE TO A RANGE OF $185 MILLION TO $250 MILLION
* PARAMOUNT RESOURCES - FORECAST AVERAGE SALES VOLUMES FOR 2020 UNDER REVISED CAPITAL GUIDANCE ARE EXPECTED TO RANGE BETWEEN 70,000 BOE/D TO 75,000 BOE/D
* PARAMOUNT RESOURCES - REVISED 2020 CAPITAL GUIDANCE HAS REDUCTION OF ABOUT 46% AT MID-POINT FROM ORIGINALLY PLANNED RANGE OF $350 MILLION - $450 MILLION
* PARAMOUNT RESOURCES LTD - REVISED CAPITAL PLANS FOR 2020 REMAIN FOCUSED ON CO'S LIQUIDS-RICH MONTNEY ASSETS IN GRANDE PRAIRIE REGION