09:58 AM EST - Paramount Resources Ltd. : Reports 2022 annual financial and operating results highlighted by record production, adjusted funds flow and free cash flow and substantial reserves additions. The Company achieved record annual sales volumes of 88,672 Boe/d (45% liquids) in 2022. Fourth quarter sales volumes averaged 97,370 Boe/d (45% liquids), of which 64,434 Boe/d (51% liquids) was produced in the Grande Prairie Region. Cash from operating activities was a record $1,050 million ($7.45 per basic share) in 2022 and $307 million ($2.17 per basic share) in the fourth quarter. Adjusted funds flow in 2022 was $1,171 million ($8.32 per basic share) and $341 million ($2.40 per basic share) in the fourth quarter, representing annual and quarterly records for the Company. Paramount Resources Ltd.
shares T.POU are trading down $0.25 at $31.06.
