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PARAMOUNT RESOURCES LTD. REPORTS RESULTS FOR NINE MONTHS TO SEPT. 30, 1992

 CALGARY, Alberta, Nov. 27 ~PRNewswire~ -- The following is being issued by Paramount Resources Ltd. (Toronto, Calgary: POU):
 1992 1991
 Revenue 21,858,866 19,320,820
 Cash flow 10,874,188 10,160,287
 Net income 1,236,007 1,460,129
 Average shares outstanding 14,127,826 11,804,321
 Cash flow~share 0.77 0.87
 Net income~share 0.09 0.12
 Production volumes, revenue and cash flow were all up for the nine months ended Sept. 30, 1992.
 Gas production jumped by 33 percent to 84.6 MMcf~d from 63.8 MMcf~d. The company's average gas price fell to $1.05~Mcf from $1.14~Mcf in 1991 and is expected to average $1.15 to $1.20 per Mcf for 1992.
 Revenue was up $2.5 million, or 13 percent, from last year while net earnings were $1.2 million, as compared to $1.5 million in 1991.
 Cash flow increased 7 percent to $10.9 million from $10.2 million a year ago.
 The company expects cash flow to total $19 to $20 million or $1.30 to $1.40 per share in 1992. Capital expenditures decreased by $9.0 million to $5.8 million from $14.8 million in 1991.
 Drilling is anticipated to begin in the fourth quarter of a 37 to 40 well program, all in Alberta.
 -0- 11~27~92
 ~CONTACT: R.M. Sinclair, secretary-treasurer of Paramount Resources Ltd., 403-266-2047~
 (POU.)


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

JL -- LA004 -- 1781 11~27~92 11:11 EST
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Date:Nov 27, 1992
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