CALGARY,
AB, Dec. 1, 2022 /CNW/ - Paramount Resources
Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to
announce that its Board of Directors has declared a cash dividend
of $0.125 per common share that will
be payable on December 30, 2022 to
shareholders of record on December 15,
2022. The dividend will be designated as an "eligible
dividend" for Canadian income tax purposes.
About Paramount
Paramount is an independent, publicly traded, liquids-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".
www.paramountres.com
ADVISORIES
The potential payment of future dividends under the Company's
monthly dividend program would be considered forward-looking
information under applicable securities legislation. Although
Paramount believes that the expectations reflected in such
forward-looking information are reasonable based on the information
available at the time of this press release, undue reliance should
not be placed on the forward-looking information as Paramount can
give no assurance that such expectations will prove to be
correct. Such forward-looking information is based on a
number of assumptions which may prove to be incorrect, including
assumptions as to the Company's future free cash flow, operating
results, capital requirements and financial position. There
are risks that may result in the Company changing, suspending or
discontinuing its monthly dividend program, including changes to
free cash flow, operating results, capital requirements, financial
position, market conditions or corporate strategy and the need to
comply with requirements under debt agreements and applicable laws
respecting the declaration and payment of dividends. There
are no assurances as to the continuing declaration and payment of
any future dividends under the Company's monthly dividend program
or the amount or timing of any such dividends. For more information
relating to risks, see "Risk Factors" in Paramount's
annual information form for the year ended December 31, 2021, which is available on SEDAR at
www.sedar.com.
Any forward-looking information is provided as of the date
hereof and, except as required by applicable securities law,
Paramount undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
SOURCE Paramount Resources Ltd.