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PARAMOUNT RESOURCES LTD. CLOSES PROPERTY ACQUISITION

 CALGARY, Alberta, May 7 /PRNewswire/ -- On April 30, 1993, Paramount Resources Ltd. (Toronto, Calgary: POU.) closed the property acquisition previously announced in the April 19, 1993, press release.
 In consideration of $7.0 million plus adjustments Paramount purchased from Trilogy Resource Corp. varying working interests ranging between 5 percent to 17 percent in approximately 130 gas wells, some 29,000 net acres and various equity interest in eight gas plants. The acquisition was on property where Paramount and Trilogy had been joint venture partners.
 Gas production attributable to wells located within Paramount operated gas fields, included in this transaction produced a net 2.6 Bcf (7.2 mmcf/d) during 1992.
 -0- 5/7/93
 /CONTACT: Clay Riddell, president, or Dave Monachello, VP- Exploration of Paramount Resources, 403-266-2047/
 (POU.)


CO: Paramount Resources Ltd. ST: Alberta IN: OIL SU: TNM

MS-JB -- LA024 -- 6048 05/07/93 14:58 EDT
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Publication:PR Newswire
Date:May 7, 1993
Words:148
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