HORN RIVER BASIN

 

Storm, through a predecessor company, began acquiring undeveloped land in the Horn River Basin of northeast British Columbia in 2008.  As at September 30, 2017, 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 producing horizontal well was shut in as of July 2017 due to low natural gas prices and has cumulative production at September 30, 2017 of 5.7 Bcf raw. 

Storm has no plans for additional activity in this area until there is a substantial and sustainable increase in natural gas prices.