March 9, 2017 / 12:12 PM / in 8 months

BRIEF-Paramount Resources Q4 2016 sales volumes averaged 11,901 boe/d

March 9 (Reuters) - Paramount Resources Ltd

* Paramount resources ltd - q4 2016 sales volumes averaged 11,901 boe/d

* Paramount resources ltd - paramount’s sales volumes averaged approximately 16,000 boe/d for month of february 2017

* Paramount resources - hedged 2,000 bbl/d of liquids at an average wti price of c$70.43/bbl and 1,000 bbl/d of liquids at a wti price of us$54.50/bbl for 2017

* Paramount resources ltd - company has also locked in us$3.4 million of gains on natural gas hedging contracts that will be received over remainder of 2017.

* Paramount resources ltd. Announces 2016 results: karr-gold creek p+p reserves increase 194 percent to 84.3 mmboe; 2017 annual sales volumes projected to average approximately 20,000 boe/d

* Paramount resources- for karr-gold creek by end of 2017, co expects to have completed up to 22 of 27 wells, remaining wells to be completed in 2018 Source text for Eikon: Further company coverage:

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