Paramount Resources Company News
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Oil Magnate Riddell Dies at Age 81
Sunday, September 16, 2018 Clayton Riddell, who founded Canadian oil company Paramount Resources Ltd. and co-owned the NHL's Calgary Flames ice hockey team, has died.
Paramount to Acquire Redcliffe
Monday, May 10, 2010 Paramount has entered into an agreement with Redcliffe to acquire all 82% of the issued and outstanding Class A Shares of Redcliffe (the "Class A Shares").
Hoole Oil Sands' Resources Estimated at 458MM Barrels
Monday, October 27, 2008 Paramount Resources has received the results from an initial evaluation of its 100 percent-owned in-situ oil sands leases covering approximately 48 contiguous sections in the Hoole area of Alberta.
Paramount Acquires Addtl Trilogy Energy Trust Units
Wednesday, February 20, 2008 Paramount and Clayton H. Riddell currently own or control in aggregate, directly and indirectly, 53,619,557 trust units of Trilogy or approximately 56.2% of Trilogy's currently outstanding trust units on an undiluted basis.
Paramount Resources Acquires Additional Trilogy Energy Trust Units
Friday, January 18, 2008 Paramount and Clayton H. Riddell, Paramount's controlling shareholder, acquired, directly and indirectly, an aggregate of 1,880,865 trust units of Trilogy Energy Trust.
Paramount Divests Oil Sands Leases, Natural Gas Rights in Surmont
Tuesday, June 05, 2007 Paramount Resources Ltd. has closed its previously announced disposition of its oil sands leases and its producing and shut-in natural gas rights in the Surmont area of Alberta for total consideration of $301.7 million.
North American Oil Sands Completes Private Placement
Tuesday, December 12, 2006 North American Oil Sands Corporation said that it has completed a private placement of 4.185 million shares on a "flow-through" basis at a price of $13.50 per share for aggregate gross proceeds of $56.5 million.
Paramount Resources Pans Major Northern Canada Initiative
Monday, October 23, 2006 Paramount Resources is planning a major exploratory initiative in Northern Canada and has recently entered into a comprehensive, area wide farm-in agreement with Chevron and BP in the Northwest Territories.
Paramount Resources Merges 50% Oil Sands Stake with North American
Thursday, March 30, 2006 Paramount Resources and North American Oil Sands Corporation have reached an agreement under which Paramount will vend its current 50% interest in a SAGD oil sands joint venture to North American for common shares of North American.