By OGJ editors
HOUSTON, Oct. 1 -- Paramount Resources Ltd., Calgary independent, said its board authorized management to examine restructuring alternatives to increase shareholder value, including but not limited to keeping the status quo or reorganizing all or part of the company into an energy trust.
Paramount had $888.2 million in assets at the end of 2003, according to the OGJ 100 list of leading oil and gas companies outside the US (OGJ, Sept. 13, 2004, p. 44). It had $272 million in revenue and $159 million in capital and exploratory spending for the year.
Paramount's 2003 production was 2.6 million bbl of oil and natural gas liquids and 55.8 bcf of gas. It had yearend proved and probable reserves of 12.5 million bbl of oil and NGL and 329 bcf of gas.
