Paramount announced the sale of ~500 net sections of land and ~8,500 boe/d of production (~60% natural gas) to Bonavista Energy for cash proceeds of ~$55 mm ($53.3 mm net of transaction costs).
06 Dec 2019
Announces non-core asset disposition for ~$55 mm in cash proceeds
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Announces non-core asset disposition for ~$55 mm in cash proceeds
Paramount Resources Ltd. Class A (POU:TSE) | 0 0 -0.2% | Mkt Cap: 2,314m
- Published:
06 Dec 2019 -
Author:
Cody R. Kwong -
Pages:
5
Paramount announced the sale of ~500 net sections of land and ~8,500 boe/d of production (~60% natural gas) to Bonavista Energy for cash proceeds of ~$55 mm ($53.3 mm net of transaction costs).