Paramount Resources (POU) Corporate presentation summary

Corporate overview and financial highlights

• Holds significant land positions in major unconventional resource plays in Canada, with insider ownership around 48%.

• Completed a $3.3 billion asset sale in January 2025 and paid a $15/share special distribution (~$2.1 billion) in February 2025.

• Repurchased 5.7 million shares under NCIB and maintains a strong balance sheet with $640 million net cash and $520 million in securities as of March 31, 2025.

• 2025 guidance: 37,500–42,500 Boe/d sales volumes (48% liquids), $780–$840 million CapEx, and $100 million base dividend.

Shareholder returns and capital allocation

• Returned $20.83/share (~$3 billion) to shareholders since 2021 through dividends and special distributions.

• Fully repaid bank credit facility, reducing debt by over $800 million.

• Focuses on maintaining a strong balance sheet, attractive returns, and opportunistic share buybacks.

Asset development and production outlook

• Allocates capital to high-return opportunities, targeting sustainable plateau production for 20+ years in new plays.

• Current focus on Duvernay assets at Willesden Green and Kaybob North, with Sinclair Montney appraisal advancing.

• Willesden Green Duvernay: Targeting >50,000 Boe/d plateau, supported by two major plants (Leafland and Alhambra).

• Alhambra Plant phase 1 (50 MMcf/d, 10,000 Bbl/d) expected online Q4 2025, with future phases planned.

• Kaybob North Duvernay: Plans to grow to 16,000 Boe/d plateau over 12+ years, offsetting legacy declines.

• Sinclair Montney: Holds 107,000 acres, completed two appraisal wells in Q1 2025, with further drilling and facility planning underway.