Paramount Resources Ltd. Confirms Discussions Regarding Surmont Assets
CALGARY, ALBERTA - April 27, 2007 /CNW/ - Paramount Resources Ltd. (TSX:POU) ("Paramount") today confirmed that it has been in discussions regarding the possible sale of its oil sands leases and shut-in natural gas rights in the Surmont area of Alberta. At this time, there can be no assurance that a disposition will take place.
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".
For further information: Paramount Resources Ltd., J.H.T. (Jim) Riddell, President and Chief Operating Officer, (403) 290-3600 / Paramount Resources Ltd., B.K. (Bernie) Lee, Chief Financial Officer, (403) 290-3600, (403) 262-7994 (FAX), www.paramountres.com, Paramount Resources Ltd., 4700 Bankers Hall West, 888 - 3rd Street SW, Calgary, AB T2P 5C5
