21 slides from Paramount Resources Ltd. Class A's investor presentation, August 2026
Slide 1: Corporate Presentation
Corporate Presentation August 2026
Slide 2: Advisories
Advisories • In the interest of providing information regarding Paramount Resources Ltd. ("Paramount", "PRL" or the "Company") and its future plans and operations, this presentation contains certain forward-looking information and statements. The projections, estimates and forecasts contained in suc
Slide 3: Corporate Overview
Corporate Overview Paramount has significant land positions in several prolific unconventional resource plays in Canada • Founded in 1976 (IPO’d in 1978) Market Snapshot (TSX-POU) Guidance Summary (2) 2026F • Significant insider ownership (~47%) (1) Shares Outstanding (MM) 146.0 Sales Volumes (Boe/d
Slide 4: Strong Financial Position to Advance Production Growth
Strong Financial Position to Advance Production Growth Growing production back to over 100,000 Boe/d by the end of 2027 Production Outlook (Boe/d) Paramount Phase one of Phase two of Sinclair Plant onstream 4Q27 closes sale of Alhambra Alhambra ~71,000 Boe/d on Plant onstream Plant onstream January
Slide 5: Shareholder Returns
Shareholder Returns Paramount has provided >$3.3 billion in shareholder returns since the start of 2021 • Paramount’s priorities continue to be the maintenance of a strong balance sheet and the delivery of attractive shareholder returns through a combination of: Shareholder Returns ($MM) • Investmen
Slide 6: Inventory-Rich Opportunity Set
Inventory-Rich Opportunity Set Paramount is allocating capital to its highest risk-adjusted rate of return opportunities while maintaining a strong balance sheet Potential Plateau Production - Current Stage of Development Developments (Boe/d) • Core strategy: 160,000 • Early identification and low-c
Slide 7: Willesden Green Duvernay Overview
Willesden Green Duvernay Overview Paramount expects the Willesden Green asset can sustain a plateau production level of ~70,000 Boe/d for 20+ years T43 • Large, contiguous Duvernay land position, recently expanded to over 350,000 net acres • Plans to grow production from ~27,500 Boe/d (55% liquids)
Slide 8: Willesden Green Duvernay Overview
Willesden Green Duvernay Overview Phase 2 of the Alhambra Plant started up in June Alhambra Plant • The Alhambra Plant is designed to be built in three equal phases of 10,000 Bbl/d / 50 MMcf/d, providing total raw processing capacity of 30,000 Bbl/d of liquids and 150 MMcf/d of natural gas • Constru
Slide 9: Sinclair Montney Development
Sinclair Montney Development Recent test results are the highest publicly recorded for the Upper and Lower Montney benches in Alberta (1) H/93-P-8 Industry licensed T73 8-well Montney pad • Large, contiguous Montney land position, recently expanded to over 170,000 net acres A/93-P-8 Q1/25 Test 24 MM
Slide 10: Sinclair Montney Development
Sinclair Montney Development Paramount is building a 400 MMcf/d natural gas processing plant, planned to come onstream in late 2027 Sinclair Plant Site • The Sinclair Plant is being designed to be capable of handling up to 400 MMcf/d of raw natural gas • Broke ground on the site in Q1/26 • Setting o
Slide 11: Kaybob North Duvernay Overview
Kaybob North Duvernay Overview Filling existing facility capacity with high-netback Duvernay production T65 Duvernay Lands 2027 Duvernay Activity 2026 Duvernay Activity Kaybob North Duvernay 2025 Duvernay Activity Duvernay Hz Well • Paramount has brought onstream a total of 35 (35.0 net) Duvernay we
Slide 12: Northeast Alberta Heavy Oil Asset Overview
Northeast Alberta Heavy Oil Asset Overview Paramount controls significant lands prospective for cold flow heavy oil and in-situ thermal recovery Northeast Alberta - Clearwater / Bluesky & Thermal Heavy Oil T99 Paramount (1) Obsidian • 1.3 million net acres of lands prospective for cold flow heavy oi
Slide 13: Northeast Alberta Heavy Oil Asset Overview
Northeast Alberta Heavy Oil Asset Overview Paramount is in the process of evaluating potential development options for its Hoole heavy oil asset • Regulatory approval received for a 10,000 Bbl/d SAGD T82 pilot project • Initial phase has been fully delineated • Water source wells are drilled and cas
Slide 14: Northeast British Columbia Asset Overview
Northeast British Columbia Asset Overview Liard and Horn River basins are prolific natural gas development opportunities – prospective feedstock for west coast LNG Liard: • 50% operated interest (Woodside partner) Northeast BC – Liard and Horn River Basins • 195,000 net acres of Besa River rights 94
Slide 15: Long-Term Investments and Risk Management
Long-Term Investments and Risk Management Paramount holds investments in a number of public and private entities Summary of Investments & Other Assets Investments in Public and Private Companies (1) ~$140 million Sultran Paramount holds a ~16% ownership Undeveloped Land Not quantified • Supply chain
Slide 16: Environmental, Social and Governance ("ESG")
Environmental, Social and Governance ("ESG") Paramount takes pride in responsibly delivering value to all stakeholders Environmental Social • The use of bi-fuel drilling rigs and completions • Fosters a safety conscious culture with written equipment reduce diesel consumption policies and procedures
Slide 17: Paramount Investment Attributes
Paramount Investment Attributes Paramount offers a unique investment proposition • 48 year history of responsible energy development and environmental stewardship • Expected production growth from ~47,000 Boe/d in Q2/26 to >100,000 Boe/d by the end of 2027 • Well capitalized to advance growth with a
Slide 18: Advisories
Pararmournet resources Itd. Advisories
Slide 19: Advisories
Advisories Forward-Looking Information Certain statements in this presentation constitute forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as "anticipate", "believe", "estimate", "will", "expect", "plan", "
Slide 20: Advisories
Advisories Oil and Gas Measures and Definitions Natural Gas Liquids Oil Equivalent GJ Gigajoules Bbl Barrels Boe Barrels of oil equivalent GJ/d Gigajoules per day Bbl/d Barrels per day Mboe Thousands of barrels of oil equivalent Mcf Thousands of cubic feet MBbl Thousands of barrels MMBoe Millions of
Slide 21: Paramount Resources Ltd. contact details
Paramount Resources Ltd. 4700 – 888 3rd Street S.W. Calgary, Alberta Canada T2P 5C5 Telephone: 403.290.3600 www.paramountres.com