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