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BRIEF-Paramount Resources Posts Quarterly Adjusted Funds Flow Was $0.14 Per Share

Published 2020-08-06, 07:42 a/m
© Reuters.

Aug 6 (Reuters) - Paramount Resources Ltd POU.TO :

* PARAMOUNT RESOURCES LTD. REPORTS SECOND QUARTER 2020 RESULTS

* PARAMOUNT RESOURCES LTD - SALES VOLUMES AVERAGED 68,839 BOE/D (39 PERCENT LIQUIDS) IN Q2 VERSUS 70,022 BOE/D (38 PERCENT LIQUIDS) IN Q1

* PARAMOUNT RESOURCES LTD - QTRLY ADJUSTED FUNDS FLOW WAS $0.14 PER SHARE

* PARAMOUNT RESOURCES LTD - QTRLY LOSS PER SHARE $0.57

* PARAMOUNT RESOURCES LTD - QTRLY ON TRACK TO ACHIEVE ITS PREVIOUSLY ANNOUNCED 2020 COST REDUCTION TARGETS OF $25 MILLION IN OPERATING COSTS

* PARAMOUNT RESOURCES LTD - MAINTAINING ITS 2020 CAPITAL GUIDANCE OF $165 MILLION

* PARAMOUNT RESOURCES LTD - APPROXIMATELY 4,300 BOE/D OF PRODUCTION CURRENTLY REMAINS SHUT-IN

* PARAMOUNT RESOURCES LTD - SALES VOLUMES ARE ANTICIPATED TO AVERAGE BETWEEN 65,000 BOE/D AND 70,000 BOE/D IN SECOND HALF OF 2020

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