Plan for 2016
- Drill 12 horizontal wells (12.0 net) and complete 10 horizontal wells (10.0 net), with 12 (12.0 net) in total starting production in 2016;
- $48.0 million is allocated to drilling and completions and $24.0 million to infrastructure.
Storm's land position in the Horn River Basin (shale gas) continues to be a long-term asset which provides significant leverage to increased natural gas prices. Commerciality proven with 1 horizontal well, currently shut in due to low natural gas prices, and 2 vertical wells completed and tested.