HORN RIVER BASIN
Storm, through a predecessor company, began acquiring undeveloped land in the HRB in 2008 in partnership with SGR (40% Storm, 60% SGR). As at December 31, 2016, Storm has a 100% working interest in 119 sections in the HRB (78,000 net acres) which is prospective for natural gas from the Muskwa, Otter Park and Evie/Klua shales. Storm's one horizontal well averaged 310 Boe per day in Q4 2016; cumulative to date is 5.3 Bcf raw.
Storm has no plans for additional activity in the area until there is evidence of a substantial and sustainable increase in natural gas prices.