STRATEGY


   Plan for 2016

      • Drill 12 horizontal wells (12.0 net) and complete 10 horizontal wells (10.0 net), with 11 (11.0 net) connected in 2016; 
      • Estimated operations capital (excluding acquisitions & dispositions) is $65 - $70 million.      

 

  Plan for 2017

      • Drill 12 horizontal wells (12.0 net) and complete 14 horizontal wells (14.0 net), with 15 (15.0 net) connected in 2017;
      • Estimated operations capital (excluding acquisitions & dispositions) is $75 - $80 million.     

 

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.