Paramount Resources (POU) Corporate presentation summary

Financial highlights and shareholder returns

• Over $3 billion returned to shareholders since 2021, including $21.13 per share in dividends and special distributions.

• $3.2 billion asset sale completed in January 2025, with $2.4 billion in shareholder returns YTD 2025.

• Net cash position of ~$630 million as of September 30, 2025, and an undrawn $500 million credit facility.

• Investments in long-term securities valued at ~$320 million.

• Renewed normal course issuer bid in July 2025, allowing repurchase of up to 7.5 million shares.

Production and capital expenditure outlook

• Production expected to grow from ~30,000 Boe/d in Q2 2025 to over 100,000 Boe/d by end of 2027.

• 2026 and 2027 midpoint capital expenditures forecasted at ~$1,100 million annually.

• Major projects include doubling Alhambra Plant capacity by Q3 2026 and constructing Sinclair Plant by Q4 2027.

• 2025–2027 production mix shifts toward higher liquids content, with 65% gas and 29% condensate/oil at 2027 exit.

• Kaybob Region to maintain 19,000–20,000 Boe/d through 2028.

Asset base and development strategy

• Extensive land positions in Duvernay, Montney, Horn River, Liard, and heavy oil plays.

• Willesden Green Duvernay targeting >50,000 Boe/d plateau, supported by phased Alhambra Plant expansion.

• Sinclair Montney development sanctioned, with >50,000 Boe/d plateau and Sinclair Plant start-up in Q4 2027.

• Northeast Alberta heavy oil assets include 1.31 million net acres, with $20 million 2026 capex for cold flow projects.

• Liard and Horn River basins offer significant gas potential and infrastructure, with re-activation and DUCS opportunities.