STRATEGY


   Plan for 2017

      • Drill 16 horizontal wells (16.0 net) and complete 12 horizontal wells (12.0 net), with 15 (15.0 net) connected in 2017;
      • Estimated operations capital (excluding acquisitions & dispositions) is $82 million;
      • Forecast 4th quarter production 18,000 to 19,000 Boe/d;
      • Forecast average annual production 16,200 Boe/d.   

 

  Plan for 2018

      • Drill 6 - 12 horizontal wells (6.0 - 12.0 net) and complete 11 - 17 horizontal wells (11.0 - 17.0 net), with 11 - 16 (11.0 - 16.0 net) connected in 2017;
      • Estimated operations capital (excluding acquisitions & dispositions) is $55 - $90 million;
      • Forecast 4th quarter production 20,000 to 27,000 Boe/d;
      • Forecast average annual production 20,000 to 23,000 Boe/d.    

 

Long Term

  • 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 producing horizontal well, and 2 vertical wells completed and tested.