ENVIRONMENTAL PERFORMANCE

2016 2017 2018
PRODUCTION
Avg Daily Boe/d 13,219 16,017 20,538
Annual Boe 4,824,935 5,846,205 7,496,370
ACTIVITY SUMMARY
Wells Drilled (gross operated) 12 16 4
Wells Completed (gross operated) 10 12 11
Constructed Pipelines km 0 16.2 20.2
EMPLOYMENT
Number of Employees(1) 28 31 30
GHG EMISSIONS
Natural gas used for fuel, vented, or flared (excludes fugitive or methane emissions)
Facilities & Wellsites(e3m3/yr) 17,125 23,484 29,445
Completion Operations (e3m3/yr) 1,638 2,271 3,314
Third Party Natural Gas Processing (e3m3/yr) 33,325 45,783 50,839
Direct & Indirect GHG Emissions (tonnes CO2) 107,302 147,367 172,211
Direct & Indirect GHG Emissions Intensity (tonnes CO2/BOE) 0.022 0.025 0.023
BC CARBON TAX PAID
Direct ($C/yr) $976,142 $1,338,566 $1,887,548
Indirect ($C/yr) $1,895,786 $2,609,628 $3,262,526
WATER USAGE
Total Water Pumped for Completions (m3) 66,080 122,802 132,014
Fresh Water Used for Completions (m3) 66,080 122,802 99,068
Recycled Water Used for Completions (m3) 0 0 32,946
% Recycled Water Used for Completions (m3) 0% 0% 25%
Produced Water (m3) 26,068 37,203 31,429
% Produced Water Re-Used for Completions (m3) 0% 0% 56%
WELLS
Producing wells (gross) 51 61 70
Non-Producing Wells (gross) 58 45 49
Total Abandoned Wells (gross) 27 26 28
Abandoned Wells Actively Being Reclaimed (gross) 17 16 18
LIABILITY MANAGEMENT RATINGS(2)
Alberta 1.00 1.00 1.00
BC 20.08 21.14 22.09

(1) Year-end full-time and part-time employees only (Calgary office and BC field employees combined). Contractors and temporary employees are not included.

(2) Higher number is better, below 1 requires letter of credit with AB or BC government.

READER ADVISORIES

Currently there is no single standard system that applies across companies for compiling and calculating the quantity of greenhouse gas (GHG) emissions and other sustainability metrics attributable to corporate operations. Accordingly, such information may not be comparable with similar information reported by other companies. Storm may change its policies for calculating these GHG emissions in the future without prior notice.

Storm has endeavoured to ensure the accuracy of the information in this table. However, this table may include approximations and estimates, which could differ from actual results, and is for informational purposes only. Storm disclaims any liability whatsoever for errors or omissions. Further, some information in this table may have been disclosed previously in other Storm public disclosure, and such disclosure is not intended in any way to be qualified, amended, modified or supplemented by the information herein.

For the purpose of calculating unit revenues and costs, natural gas is converted to a barrel of oil equivalent (“Boe”) using six thousand cubic feet (“Mcf”) of natural gas equal to one barrel of oil unless otherwise stated. Boe may be misleading, particularly if used in isolation. A Boe conversion ratio of six Mcf to one barrel (“Bbl”) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All Boe measurements and conversions in this report are derived by converting natural gas to oil in the ratio of six thousand cubic feet of natural gas to one barrel of oil.

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Storm aims to ensure that as a company we support and contribute to the communities in which we do business, primarily in our field operations of Fort St. John, British Columbia and surrounding area, along with our head office located in Calgary, Alberta.  The main benefit to these communities is through our capital expenditure program, which has a multiplier effect on the money directed to local businesses, while also creating jobs and generating tax revenue for regional municipalities.  In addition, Storm supports various local causes, both through charitable donations and employee volunteer hours in order to give back to the communities that are integral to the success of our business.

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