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Paramount Resources Ltd (POU.TO)

POU.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

James Riddell

51 2000 President, Chief Executive Officer

Bernard Lee

Chief Financial Officer, Executive Vice President

James Bell

43 2011 Chief Operating Officer

John Williams

Executive Vice President

Mitchell Shier

General Counsel

Clayton Riddell

80 1978 Executive chairman

Susan Riddell Rose

53 2000 Director

Wilfred Gobert

70 2017 Independent Director

John Gorman

72 2002 Independent Director

Dirk Junge

69 2000 Independent Director

Robert MacDonald

72 2017 Independent Director

Keith Macleod

59 2017 Independent Director

John Roy

77 1981 Independent Director

Biographies

Name Description

James Riddell

Mr. James Riddell is President, Chief Executive Officer of the Company. Mr. Riddell has been the President and Chief Executive Officer of Paramount since May 2015, and previously served as President and Chief Operating Officer since June 2002. He has been a director since 2000. From May 1991 until June 2002, he held various positionsat Paramount. Mr. Riddell was a director and the CEO of Trilogy Energy Corp. prior to its merger with Paramount Resources Ltd. on September 12, 2017. Mr. Riddell is also a director of Strategic Oil & Gas Ltd. (a public oil and gas exploration and production company) and BigRock Brewery Inc. (a public company which produces and markets beer). Mr. Riddell graduated from Arizona State University with a Bachelor of Science degree in Geology and from the University of Alberta with a Master of Science degree in Geology. He is currently a member of the Canadian Society of Petroleum Geologists and the American Association of Petroleum Geologists.

Bernard Lee

Mr. Bernard K. Lee is Chief Financial Officer, Executive Vice President of the Company.

James Bell

Mr. James Bell is Chief Operating Officer of the Company. Mr. Bell has been a director of Paramount since November 2011. Mr. Bell is currently Chief Operating Officer and General Counsel for Founders Advantage Capital Corp. Prior thereto, Mr. Bell was General Counsel for Olympia Financial Group Inc. (a TSX listed company) and its wholly-owned subsidiary Olympia Trust Company (a non-deposit taking trust company), and had practiced securities and corporate commercial law as a partner at an internationallaw firm until December 31, 2009. Mr. Bell graduated from the University of Saskatchewan with a Bachelor of Laws degree in 1999. He completed the Canadian Securities Course in January 2014 and the Partners, Directors and Senior Officers course in February 2014.

John Williams

Mr. John B. Williams is Executive Vice President of the Company.

Mitchell Shier

Mr. Mitchell Shier is General Counsel of the Company.

Clayton Riddell

Mr. Clayton Riddell is Executive chairman of the Company. Mr. Riddell has been the Chairman of the Board and a director of Paramount since 1978. He was also the CEO until May 2015 and President until 2002. He is the Executive Chairman of the Board of Perpetual Energy Inc., a public oil and gas exploration and production company. Prior to Trilogy Energy Corp.’s merger with Paramount Resources Ltd. on September 12, 2017, Mr. Riddell was the Chairman of the Board of Trilogy Energy Corp. Mr. Riddell graduated from the University of Manitoba with a Bachelor of Science (Honours) degree in Geology and is currently a member of the Association of Professional Engineers and Geoscientists of Alberta, the Canadian Society of Petroleum Geologists, and the American Association of Petroleum Geologists. He received the J.C. Sproule Memorial Plaque from the Canadian Institute of Mining (1994), the Stanley Slipper Gold Medal from the Canadian Society of Petroleum Geologists (1999), an Honorary Doctor of Science degree from the University of Manitoba (2004), an Honorary Doctor of Laws degree from Carleton University (2014), and an Outstanding Explorer award from the American Association of Petroleum Geologists (2004). In 2006, Mr. Riddell was inducted into the Calgary Business Hall of Fame and in 2008 he was made an Officer of the Order of Canada. Mr. Riddell received the Fraser Institute’s T. Patrick Boyle Founder’s Award in 2012, and in 2015 he wasinducted into the Canadian Petroleum Hall of Fame. In May 2017, Mr. Riddell was inductedinto the Canadian Business Hall of Fame.

Susan Riddell Rose

Ms. Susan L. Riddell Rose is Director of the Company. Ms. Riddell Rose has been a director of Paramount since 2000. Since 2002 she has been a director and President and since 2005 the CEO of Perpetual Energy Inc. (a public oil and gas exploration and development company) and its predecessor, Paramount Energy Trust. Prior thereto, Ms. Riddell Rose was a geological engineer and Corporate Operating Officer of Paramount and prior to that, a geological engineer with Shell Canada Limited. Ms. Riddell Rose is also a director of Newalta Corporation (a public industrial waste management and environmental services company) and a member of the Board of Directors of Altalink LP, a private corporation. Ms. Riddell Rose graduated from Queen's University with a Bachelor of Science degree in Geological Engineering. Ms. Riddell Rose is a member of the Association of Professional Engineers and Geoscientists of Alberta, the Canadian Society of Petroleum Geologists, and the American Association of Petroleum Geologists, and a governor of the Canadian Association of Petroleum Producers

Wilfred Gobert

Mr. Wilfred Gobert is Independent Director of the Company. Mr. Gobert has been a director of Paramount since 2017. Mr. Gobert is an independent businessman. Until his retirement in 2006, he was Vice-Chair of Peters & Co. Limited (an investment firm specializing in the Canadian oil and gas industry), a position he held since 2002, and was a member of its board of directors and its executive committee. Prior thereto, he joined Peters & Co. Limited in 1979 as Managing Director, Research. Throughout hiscareer at the firm, his responsibilities included research analysis of integrated oil companiesand oil and gas producers. Mr. Gobert serves on the board of directors of Canadian Natural Resources Limited (a public oil and gas exploration and production company), Gluskin Sheff + Associates Ltd. (a Canadian independent wealth management firm), and a private oilfield services company. He is Senior Fellow, Energy Studies, Centre for Energy Policy Studies with The Fraser Institute.

John Gorman

Mr. John C. Gorman is Independent Director of the Company. Mr. Gorman has been a director of Paramount since 2002 and is currently the Lead Director. He was the President and CEO of an energy trading, marketing and financial services company from 1996 to 2000 and a corporate banker with the Bank of Montreal (a Canadian chartered bank) from 1972 to 1996, retiring as Senior Vice President, Natural Resources Group. Mr. Gorman obtained a Bachelor of Arts degree from the University of Ottawa and a Master of Business Administration degree from the University of Western Ontario.

Dirk Junge

Mr. Dirk Junge is Independent Director of the Company. Mr. Jungé has been a director of Paramount since 2000. He has been the Chairman of the Board of the Pitcairn Trust Company (a private trust company) since 1991 and its CEO from 1993 to 1996 and from 2006 to 2012. He served as President of Pitcairn Trust Company from2006 to 2008. Mr. Jungé also holds a number of director and trustee positions with philanthropic organizations. Mr. Jungé obtained a Bachelor of Science degree in Economics and Finance from Lehigh University, was designated a Chartered Financial Analyst by the Institute of Chartered Financial Analysts in 1978 and is a member of the Financial Planning Association, the Association for Investment Management and Research, and the National Association of Corporate Directors.

Robert MacDonald

Mr. Robert MacDonald is Independent Director of the Company. Mr. MacDonald has been a director of Paramount since 2017. He is an oil and gas banking professional with 14 years of experience as a corporate director and 27 years of experience as a senior officer of several Canadian chartered banks, including 18 years in Alberta and nine years in the United States. He has expertise in oil and gas banking/financing, having handled and provided advisory services on strategic alternatives for senior and bridge debt structuring, project financing, mezzanine debt structuring, portfolio management, credit risk management, financial analysis and loan re-structuring. From 1998 to 2003, he was Director, Oil & Gas, and Commercial Banking with CIBC World Markets Inc. (a global investment banking firm). From 1993 to 1998, Mr. MacDonald was Vice President, Oil & Gas Group with CIBC. Mr. MacDonald graduated from the University of Saskatchewan (Regina Campus) with a Bachelor of Business Administration degree (major in Economics and Finance and minor in Accounting). He is a Fellow of the Institute of Canadian Bankers and has completed the academic requirements for the Director Education Program of the Institute of Corporate Directors.

Keith Macleod

Mr. Keith Macleod is Independent Director of the Company. Mr. Macleod has been a director of Paramount since 2017. He is a professional engineer with more than 30 years’ experience in the oil and gas industry in Alberta. Until June 2014, he was a director, partner and CEO of Sproule (a worldwide petroleum consulting firm), which he first joined in 1979. Mr. MacLeod has expertise in the areas of reservoir engineering, property and corporate reserves/resource evaluations, acquisitions and divestitures, NI 51- 101 and SEC oil and gas disclosure regulations, arbitration, litigation, and investment advice. He has lectured at the University of Calgary and to the petroleum industry. Mr. MacLeod received a B.S. (Honours) in Mining Engineering in 1984 from the Montana College of Mineral Science and Technology (Butte, Montana) and had previously received a diploma in Technology in Mineral Science in 1978 from the College of Cape Breton (Sydney, Nova Scotia). He has also completed the Director Education Program of the Institute of Corporate Directors. Mr. MacLeod is also a member of the Association of Professional Engineers and Geoscientists of Alberta, the Society of Petroleum Evaluation Engineers and the Society of Petroleum Engineers and has participated in numerous committees of those organizations. He is also Chair of the Advisory Board of Vershuren Centre for Sustainability in Energy and the Environment, a Canadian research centre at Cape Breton University in Sydney, Nova Scotia.

John Roy

Mr. John B. Roy is Independent Director of the Company. Mr. Roy has been a director of Paramount since 1981. He is an independent businessman. Prior to December 1, 2003, he served as the Vice-President and Director of a private investment banking firm. From 1970 to 1996, he held various positions also at a private investment banking firm. Mr. Roy graduated from Queen's University with a Bachelor of Science degree in Mechanical Engineering and received a Diploma in Management from McGill University. He is a member of the Association of Professional Engineers and Geoscientists of Alberta. Mr. Roy has his P.Eng. designation and is also a fellow of the Canadian Securities Institute.

Basic Compensation

Name Fiscal Year Total

James Riddell

4,338,780

Bernard Lee

1,114,580

James Bell

171,080

John Williams

706,787

Mitchell Shier

1,005,140

Clayton Riddell

2,596,690

Susan Riddell Rose

123,767

Wilfred Gobert

104,641

John Gorman

174,792

Dirk Junge

132,269

Robert MacDonald

103,578

Keith Macleod

103,578

John Roy

167,143
As Of  31 Dec 2017