Paramount Announces First Sales from Musreau Deep Cut Facility

 NEWS RELEASE TRANSMITTED BY Marketwired  FOR: Paramount Resources Ltd.  TSX SYMBOL:  POU  AUGUST 14, 2014  Paramount Announces First Sales from Musreau Deep Cut Facility  CALGARY, ALBERTA--(Marketwired - Aug. 14, 2014) - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) is pleased to announce that the Company has delivered first sales gas from its Musreau Deep Cut Facility. The achievement of this milestone enables Paramount to begin the ramp-up of production from its behind-pipe wells in the Musreau area.   ABOUT PARAMOUNT   Paramount is an independent, publicly traded, Canadian corporation that explores for and develops conventional petroleum and natural gas prospects, pursues longer-term non-conventional exploration and pre-development projects and holds investments in other entities. The Company's principal properties are primarily located in Alberta and British Columbia. Paramount's Class A Common Shares are listed on the Toronto Stock Exchange under the symbol "POU".   -30- FOR FURTHER INFORMATION PLEASE CONTACT:  Paramount Resources Ltd. J.H.T. (Jim) Riddell President and Chief Operating Officer (403) 290-3600 (403) 262-7994 or Paramount Resources Ltd. B.K. (Bernie) Lee Chief Financial Officer (403) 290-3600 (403) 262-7994  INDUSTRY:  Energy and Utilities - Oil and Gas   SUBJECT:  OEX 
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