STRATEGY

PLAN FOR 2020

NE British Columbia:

• Drill 6-10 horizontal wells (4.0-8.5 net) and complete 8-10 horizontal wells (6.5-8.5 net), with 5-10 (5.0-8.5 net) starting production in 2020;
• Estimated capital investment (excluding acquisitions & dispositions) is $75-$85 million;
• Forecast 4th quarter production 25,000 to 30,000 Boe/d;
• Forecast average annual production 23,500 to 26,000 Boe/d.

LONG TERM

Horn River Basin, NE British Columbia:

• 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 is proven with 1 producing horizontal well, and 2 vertical wells completed and tested. Storm has no plans for additional activity in this area until there is evidence of a substantial and sustainable increase in natural gas prices.