Paramount Resources (POU) Corporate presentation summary

Corporate overview and financial position

• Founded in 1976, with significant insider ownership (~47%) and 145.5 million shares outstanding.

• Market capitalization of $4.3 billion and cash position of $670 million as of March 31, 2026.

• Well capitalized with $750 million in undrawn credit facilities and potential to increase by $250 million.

• Over $3.2 billion returned to shareholders since 2021 through dividends, special distributions, and share buybacks.

• Renewed NCIB in July 2025, allowing repurchase of up to 7.5 million shares.

Production growth and asset development

• Targeting production growth to exceed 100,000 Boe/d by end of 2027, more than doubling from Q1 2026 levels.

• Major developments at Willesden Green Duvernay and Sinclair Montney, with new and expanded processing plants.

• Alhambra Plant expansion at Willesden Green to double capacity by June 2026; Sinclair Plant construction underway for Q4 2027 start-up.

• Sinclair Montney targeting plateau production of >50,000 Boe/d for 20+ years; Willesden Green Duvernay targeting ~70,000 Boe/d plateau.

• Significant inventory of opportunities across Duvernay, Montney, Horn River, Liard, and heavy oil plays.

Reserves and operational efficiency

• Substantial 2025 reserves growth post-disposition, driven by Willesden Green and Sinclair.

• Reserve life index: PDP 4.5 years, TP 15.2 years, P+P 39.5 years; reserves replacement ratios: PDP 2.4x, TP 5.2x, P+P 21.7x.

• F&D costs: PDP $24.42/Boe, TP $24.15/Boe, P+P $11.67/Boe; recycle ratio up to 2.5x.

• Investments in wholly-owned facilities expected to reduce operating costs and provide operational control.