Paramount Resources Ltd.
TSX : POU

Paramount Resources Ltd.

May 15, 2008 18:30 ET

Paramount Resources Ltd. Explores Selling Certain of Its Northern Assets

CALGARY, ALBERTA--(Marketwire - May 15, 2008) - Paramount Resources Ltd. (TSX:POU) ("Paramount") announces that it has initiated a process to explore the sale of certain assets located in its Northern Core Area. Paramount has retained Scotia Waterous Inc. as its exclusive financial advisor to assist in this process. An overview of the assets is available at scotiawaterous.com.

Paramount is a Canadian oil and natural gas exploration, development and production company with operations focused in Western Canada. Paramount's common shares are listed on the Toronto Stock Exchange under the symbol "POU".

Contact Information

  • Paramount Resources Ltd.
    J.H.T. (Jim) Riddell
    President and Chief Operating Officer
    (403) 290-3600
    (403) 262-7994 (FAX)
    or
    Paramount Resources Ltd.
    B.K. (Bernie) Lee
    Chief Financial Officer
    (403) 290-3600
    (403) 262-7994 (FAX)
    or
    Paramount Resources Ltd.
    4700 Bankers Hall West
    888 3rd Street SW
    Calgary, Alberta T2P 5C5