Paramount Resources Ltd. Class A · TSX:POU
Paramount Resources Ltd. Class A — Investor Presentation (December 2025)
20 slides from Paramount Resources Ltd. Class A's investor presentation, December 2025
Slide 1: Corporate Presentation
Corporate Presentation December 2025
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 (3) 2025F 2026F • Significant insider ownership (~48%) (1) Shares Outstanding (MM) 144.3 Sales Volumes
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 returned >$3 billion to shareholders since the start of 2021 Cumulative Dividends and Special Distributions ($MM) • Paramount’s priorities continue to be the maintenance of a strong balance sheet and $3,500 the delivery of attractive shareholder returns through a co
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 • Core strategy: Potential Plateau Production - Current Stage of Development Developments (Boe/d) • Early identification and low-cost reso
Slide 7: Willesden Green Duvernay Overview
Willesden Green Duvernay Overview Production has more than doubled since start-up of the new wholly-owned and operated Alhambra Plant in July 2025 • Large, contiguous Duvernay land position • Targeting to grow production at Willesden Green from ~23,900 Boe/d (October – November 2025) to a plateau pr
Slide 8: Willesden Green Duvernay Overview
Willesden Green Duvernay Overview The second phase of the Alhambra Plant is now expected to come onstream in the third quarter of 2026 • The Alhambra Plant is being built in three equal phases of 10,000 Bbl/d / Alhambra Plant 50 MMcf/d, providing ultimate raw processing capacity of 30,000 Bbl/d of l
Slide 9: Sinclair Montney Development
Sinclair Montney Development Following extended flow tests of its two-well pilot, Paramount has sanctioned its Sinclair Montney development Successful extended flow tests validated expected well performance • Large, contiguous Montney land position • The Sinclair natural gas play is a high-rate, low
Slide 10: Kaybob North Duvernay Overview
Kaybob North Duvernay Overview Filling existing facility capacity with high-netback Duvernay production Duvernay Lands Duvernay Hz Well 2027 Duvernay Activity • Paramount has brought onstream a total of 32 (32.0 net) Duvernay wells in Kaybob 2026 Duvernay Activity North Duvernay to September 30, 202
Slide 11: 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 Paramount (1) Obsidian • 2026 capital expenditure budget includes ~$20 million of planned Bayt
Slide 12: 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 • 179,000 net acres of Besa River rights LI
Slide 13: Strategic / Long-Term Investments and Risk Management
Strategic / Long-Term Investments and Risk Management Paramount holds investments in a number of public and private entities Summary of Investments & Other Assets Fox Drilling Sultran Investments in Public and Private Companies (1) ~$110 million Wholly owned by Paramount Paramount holds a ~16% owner
Slide 14: 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 15: Paramount Investment Attributes
Paramount Investment Attributes Paramount offers a unique investment proposition • 45+ year history of responsible energy development and environmental stewardship • Extensive portfolio of resource plays in the unconventional Duvernay, Montney, Horn River and Liard basins and in cold flow and therma
Slide 16: Advisories
Paramount resources Itd. Advisories
Slide 17: 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 18: Advisories
Advisories In addition to the above, there are no assurances as to the continuing declaration and payment of future monthly dividends by the Company or the amount or timing of any such dividends. There are risks that may result in the Company changing, suspending or discontinuing its monthly dividen
Slide 19: Advisories
Advisories Product Type Information This presentation includes references to forecast sales volumes of "liquids". "Liquids" refers to light and medium crude oil, tight oil, heavy crude oil, condensate and ethane, propane and butane ("Other NGLs") combined. Below is further information respecting the
Slide 20: 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
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