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BRIEF-Paramount Resources Reports Q3 Adj Funds Flow Was $0.44 Per Share

Published 2018-11-08, 06:30 p/m
Updated 2018-11-08, 06:30 p/m
© Reuters.  BRIEF-Paramount Resources Reports Q3 Adj Funds Flow Was $0.44 Per Share

Nov 8 (Reuters) - Paramount Resources Ltd POU.TO :

* PARAMOUNT RESOURCES LTD. REPORTS THIRD QUARTER 2018 RESULTS

* PARAMOUNT RESOURCES LTD - SALES VOLUMES AVERAGED 80,471 BOE/D IN Q3

* PARAMOUNT RESOURCES LTD QTRLY ADJUSTED FUNDS FLOW WAS $0.44 PER SHARE

* PARAMOUNT RESOURCES LTD - ANNUAL SALES VOLUMES IN 2018 ARE EXPECTED TO AVERAGE BETWEEN 85,000 BOE/D AND 86,000 BOE/D

* PARAMOUNT RESOURCES LTD - ANNUAL CAPITAL SPENDING FOR 2018 REMAINS ON TRACK AT APPROXIMATELY $600 MILLION

* PARAMOUNT RESOURCES LTD - Q4 SALES VOLUMES SEEN LOWER THAN PREVIOUSLY FORECAST DUE TO LOWER PRODUCTION IN KAYBOB REGION

* PARAMOUNT RESOURCES LTD QTRLY LOSS PER SHARE $0.18

* PARAMOUNT RESOURCES-Q4 2018 SALES VOLUMES ARE EXPECTED TO BE LOWER THAN PREVIOUSLY FORECAST PRIMARILY AS A RESULT OF LOWER PRODUCTION IN KAYBOB REGION

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