Paramount Declares Dividend, Advances Montney Wells

Paramount Resources (TSE:POU) has released an update.

Paramount Resources Ltd. has declared a dividend of $0.15 per share, payable in late September 2024, and is advancing its Montney formation prospects with the licensing of two new appraisal wells in Alberta’s Sinclair area. The company has invested in securing significant land rights and is preparing for potential high-rate gas production, with development plans including recently secured transportation capacity aiming for production commencement in the fourth quarter of 2027.

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