May 13 (Reuters) - Paramount Resources Ltd POU.TO :
* PARAMOUNT RESOURCES LTD. REPORTS FIRST QUARTER 2020 RESULTS
* PARAMOUNT RESOURCES - SALES VOLUMES AVERAGED 70,022 BOE/D (38 PERCENT LIQUIDS) IN Q1 OF 2020
* PARAMOUNT RESOURCES - PARAMOUNT'S NETBACK WAS $44.5 MILLION IN Q1 2020 VERSUS $114.9 MILLION IN Q4 2019 MAINLY DUE TO LOWER COMMODITY PRICES AND PRODUCTION
* PARAMOUNT RESOURCES LTD - PARAMOUNT HAS REVISED ITS 2020 CAPITAL GUIDANCE TO $165 MILLION
* PARAMOUNT RESOURCES LTD - 20 PERCENT REDUCTION IN SALARY OF CHIEF EXECUTIVE OFFICER AND IN CASH COMPENSATION OF BOARD OF DIRECTORS
* PARAMOUNT RESOURCES - 10% REDUCTION IN SALARIES OF ALL OTHER STAFF & SUSPENSION OR ELIMINATION OF NUMBER OF BENEFITS & INCENTIVE COMPENSATION PROGRAMS
* PARAMOUNT RESOURCES LTD - WITHDRAWING ITS 2020 SALES VOLUME GUIDANCE