Paramount sells its Musreau infrastructure complex to Pembina Pipeline for cash proceeds of $556 mm, a $35 mm debottlenecking commitment, and the right to call upon Pembina to build a new 200 mmcf/d plant. Commensurate with this sale, the Company enters into a 20-year take-or-pay contract with commitments ramping up to 200 mmcf/d by 2019. A fixed capital fee (expected to be ~$3.00/boe) will be applied to volumes processed through the Musreau complex. Production volumes December through to Februa ....
