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BRIEF-Paramount Resources Reports Qtrly Earnings Per Share $2.35

Published 2021-03-03, 07:16 a/m
Updated 2021-03-03, 07:18 a/m
© Reuters.

March 3 (Reuters) - Paramount Resources Ltd POU.TO :

* PARAMOUNT RESOURCES LTD. REPORTS 2020 ANNUAL RESULTS AND PROVIDES 2021 GUIDANCE

* PARAMOUNT RESOURCES LTD - CO'S CAPITAL BUDGET FOR 2021 IS EXPECTED TO RANGE BETWEEN $230 MILLION AND $260 MILLION

* PARAMOUNT RESOURCES LTD - OVER 60% OF CAPITAL BUDGET WILL BE INCURRED IN FIRST HALF OF 2021

* PARAMOUNT RESOURCES LTD - EXPECTS 2021 SALES VOLUMES TO AVERAGE BETWEEN 77,000 BOE/D, 80,000 BOE/D (45% LIQUIDS)

* PARAMOUNT RESOURCES LTD - FIRST HALF 2021 SALES VOLUMES ARE EXPECTED TO AVERAGE BETWEEN 74,000 BOE/D AND 76,000 BOE/D (43% LIQUIDS)

* PARAMOUNT RESOURCES LTD SEES 2021 FREE CASH FLOW OF APPROXIMATELY $160 MILLION

* PARAMOUNT RESOURCES -IN MAR. 2021, CO ELECTED TO EXIT COVENANT RELIEF PERIOD UNDER ITS $1.0 BILLION BANK CREDIT FACILITY PRIOR TO SCHEDULED EXPIRY PERIOD

* PARAMOUNT RESOURCES LTD QTRLY EARNINGS PER SHARE $2.35

* PARAMOUNT RESOURCES LTD QTRLY AFFO $0.51

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