Paramount Resources (POU) Corporate presentation summary

Strategic transactions and shareholder returns

• Closed a $3.3 billion asset sale in January 2025, generating significant shareholder value and enabling a special $15.00/share distribution in February 2025.

• Cumulative distributions to shareholders since 2020 total approximately $3 billion ($20.58/share), while maintaining a strong balance sheet.

• Pro forma cash exceeds $800 million post-transaction, with no drawings under a new $500 million credit facility.

Operational and production outlook

• 2025 production guidance is 37,500–42,500 Boe/d (48% liquids), with a 2025 exit rate expected to exceed 60,000 Boe/d (50% liquids) if capital expenditures are maintained.

• Key producing and emerging areas include Willesden Green Duvernay, Kaybob North Duvernay, Sinclair Montney, Horn River, Liard, and Northeast Alberta heavy oil.

• Willesden Green Duvernay production targeted to grow from ~5,200 Boe/d in Q3 2024 to >50,000 Boe/d, supported by new processing capacity.

Asset development and inventory

• Significant inventory across Duvernay, Montney, Horn River, Liard, and thermal oil plays, with multi-year development potential.

• Construction of the Alhambra Plant in Willesden Green is underway, with phased capacity expansions planned through 2029.

• Sinclair Montney appraisal wells initiated, with first production possible by late 2027.