May 9, 2018 / 10:11 AM / in 3 months

BRIEF-Paramount Resources Says Sales Volumes Averaged 92,203 BOE/d In Q1 Compared To 16,163 BOE/d

May 9 (Reuters) -

* PARAMOUNT RESOURCES LTD. REPORTS FIRST QUARTER 2018 RESULTS

* PARAMOUNT RESOURCES LTD - SALES VOLUMES AVERAGED 92,203 BOE/D IN Q1 OF 2018 COMPARED TO 16,163 BOE/D IN Q1 OF 2017

* PARAMOUNT RESOURCES LTD - EXPECTS SALES VOLUMES TO AVERAGE APPROXIMATELY 92,500 BOE/D IN 2018

* PARAMOUNT RESOURCES - SALES VOLUMES ANTICIPATED TO BE THREE TO FIVE PERCENT LOWER IN Q2, Q3 2018 COMPARED TO Q1 2018

* PARAMOUNT RESOURCES LTD - PRODUCTION IN Q2 IS BEING IMPACTED BY THIRD-PARTY OUTAGES AT KAYBOB AND KARR

* PARAMOUNT RESOURCES LTD - 2018 CAPITAL BUDGET REMAINS UNCHANGED AT $600 MILLION

* PARAMOUNT RESOURCES LTD - IN Q3, A SCHEDULED TURNAROUND WILL ALSO IMPACT PRODUCTION AT KARR

* PARAMOUNT - COMPLETING TURNAROUND AT 8-9 NATURAL GAS PROCESSING FACILITY IN KAYBOB, WHICH WILL CURTAIL PRODUCTION & DELAY STARTUP OF NEW DUVERNAY WELLS

* PARAMOUNT RESOURCES LTD - COMMENCED A DISPOSITION PROCESS FOR ITS FEE SIMPLE AND ROYALTY LANDS IN SOUTHERN ALBERTA

* PARAMOUNT RESOURCES LTD - ADJUSTED FUNDS FLOW WAS $97.6 MILLION IN Q1 OF 2018 COMPARED TO $28.0 MILLION Source text for Eikon:

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