An anonymous director reports
PARAMOUNT RESOURCES LTD. CLOSES THE SALE OF ITS OIL AND GAS PROPERTIES IN THE VALHALLA AREA OF ALBERTA FOR $150 MILLION
Paramount Resources Ltd. has closed its previously announced sale of its oil and gas properties in the Valhalla area of Alberta for cash consideration of approximately $150-million.
About Paramount Resources Ltd.
Paramount is an independent Canadian energy company that explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional exploration and predevelopment projects, and holds a portfolio of investments in other entities. The company’s principal properties are primarily located in Alberta and British Columbia.