THE STORM ADVANTAGE
Storm Resources Ltd. commenced operations on August 17, 2010 after certain assets were transferred to Storm as part of the Plan of Arrangement involving the sale of Storm Exploration Inc. to ARC Resources Ltd. The Storm management team has been involved in the growth of all three previous 'Storm' companies since November 1998.
Storm has a focused asset base with large land positions in resource plays at Umbach and in the Horn River Basin which have multi-year drilling upside while the Grande Prairie area, with its shallow decline, provides cash flow available for investment.
Near term, Storm's efforts will be focused on advancing development of the liquids-rich Montney natural gas resource on its large land position at Umbach. Longer term, Storm continues to retain significant leverage to an improvement in natural gas prices through its position in the Muskwa and Otter Park shales of the Horn River Basin.