Paramount Resources Ltd. (Paramount) is an energy company. The Company operates in three segments: Principal Properties, Strategic Investments and Corporate. The Company explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Alberta, British Columbia, Saskatchewan and the Northwest Territories. The Company also holds securities of public and private entities, including Trilogy Energy Corp., MEG Energy Corp., and MGM Energy Corp. Its Principal Properties has four corporate operating units (COUs): the Kaybob COU; the Grande Prairie COU; the Southern COU, and the Northern COU. Strategic Investments include investments in other entities, including affiliates and investments in exploration and development stage assets. The Corporate segment consists of income and expense items, including general and administrative expense and interest expense. The Company�s principal properties are located in Alberta, the Northwest Territories and British Columbia.