Paramount Resources Ltd. (POU) 2017年年度报告「TSX」.pdf

1、 President&Chief Executive Officers Message 1 2017 Highlights 4 2017 Overview 6 Review of Operations 8 Managements Discussion&Analysis 22 Financial Statements 52 Corporate Information 88 ANNUAL MEETING OF SHAREHOLDERS Shareholders are cordially invited to attend the Annual Meeting of Shareholders to

2、 be held Wednesday,May 9,2018 at 10:30 AM MDT at Centrium Place in the Conference Centre,332 6th Avenue S.W.,Calgary,Alberta.Forward-Looking Statements and Information This document includes forward-looking statements and information that is based on Paramounts current expectations,estimates,project

3、ions and assumptions.Actual results may differ materially from those expressed or implied by the forward-looking statements and information.Readers are referred to the forward-looking statements and other advisories contained at the end of Paramounts Managements Discussion and Analysis for the year

4、ended December 31,2017 contained herein which also includes supplemental advisories related to additional information included in this document.PRESIDENT AND CHIEF EXECUTIVE OFFICERS MESSAGE To our Shareholders,To say the last two years have been transformational for Paramount would be an understate

5、ment.After spending the majority of 2016 downsizing the Company to reduce overall financial leverage,Paramount achieved our goal of being in a very strong financial position when the down cycle in the Canadian energy sector presented attractive investment opportunities.At the beginning of 2017,Param

6、ount had a balance sheet of over$600 million of cash on hand,had no debt outstanding,returned about$100 million to our Shareholders through a dividend-in-kind of 3.8 million shares of Seven Generations Energy Ltd.and were well on our way to replacing virtually all the production we sold by aggressiv