PARAMOUNT RESOURCES LTD. PROVIDES UPDATE OF ALBERTA WILDFIRE IMPACT
May 10 2023 - 9:18PM
PR Newswire (Canada)
CALGARY,
AB, May 10, 2023 /CNW/ - Paramount Resources
Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to advise
that it has restored 75% of the approximately 50,000 Boe/d of
production that had been temporarily curtailed as a result of the
Alberta wildfires. With the
restart of the third-party Wapiti natural gas processing facility,
the Company has fully resumed operations in the Grande Prairie
Region. Paramount will bring the remaining curtailed production in
the Kaybob Region back online as soon as possible, with ultimate
timing dependent on the restoration of power to certain sites and
the completion of infrastructure inspections. There has been no
significant damage or loss to material owned or third-party
infrastructure.
Paramount would like to thank its personnel and industry
partners and all emergency responders and firefighters for their
extraordinary efforts in responding to the wildfires.
ABOUT PARAMOUNT
Paramount is an independent, publicly traded, liquids-rich
natural gas focused Canadian energy company that explores for and
develops both conventional and unconventional petroleum and natural
gas, including longer-term strategic exploration and
pre-development plays, and holds a portfolio of investments in
other entities. The Company's principal properties are located in
Alberta and British Columbia. Paramount's class A common
shares are listed on the Toronto Stock Exchange under the symbol
"POU".
SOURCE Paramount Resources Ltd.
Copyright 2023 Canada NewsWire
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