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Company News

BRIEF-Paramount Resources reports qtrly ‍FFO per share $0.40​

Nov 9 (Reuters) - Paramount Resources Ltd

* Paramount Resources Ltd announces third quarter 2017 results; 2018 production and capital guidance; October 2017 sales volumes exceed 98,000 boe/d

* Paramount Resources Ltd qtrly FFO per share $0.40

* Paramount Resources Ltd - average sales volumes for Q4 are expected to exceed 95,000 boe/d, with greater than 38 percent liquids volumes

* Says average sales volumes for Q4 are expected to exceed 95,000 boe/d, with greater than 38 percent liquids volumes

* Says Paramount’s Q3 2017 sales volumes averaged 49,023 boe/d (40 percent liquids)

* Paramount Resources Ltd - expects sales volumes to average approximately 100,000 boe/d in 2018, including 40 percent liquids volumes

* Paramount Resources Ltd - capital expenditures for 2018 are expected to be approximately $600 million

* Paramount Resources Ltd - in 2018 company plans to drill between 70 and 75 net development wells and complete up to 55 of those net wells

* Paramount Resources Ltd - estimates about $130 million of capital will be spent in Q4, bringing total projected annual spending for 2017 to about $510 million

* Paramount Resources Ltd - also intends to spend approximately $28 million on abandonment and suspension activities in 2018 Source text for Eikon: Further company coverage:

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