Edition:
United States

Storm Resources Ltd (SRX.V)

SRX.V on TSX Venture Exchange

4.85CAD
2:14pm EDT
Change (% chg)

$0.10 (+2.11%)
Prev Close
$4.75
Open
$4.75
Day's High
$4.85
Day's Low
$4.70
Volume
262,552
Avg. Vol
136,753
52-wk High
$5.20
52-wk Low
$2.86

Latest Key Developments (Source: Significant Developments)

Storm Resources announces processing arrangement at Umbach, increases 2017 production guidance
Wednesday, 7 Sep 2016 07:20pm EDT 

Storm Resources Ltd : Storm Resources Ltd. announces processing arrangement at Umbach and increased 2017 production guidance . Production guidance for 2017 is being increased with anticipated increase in funds flow . Capital investment in 2016 is being increased by $20 million from previous guidance . Forecast Q4 production of 13,000 - 14,000 boe/d (18 percent NGL) . Forecast 2016 annual production of 12,500 - 13,500 boe/d (18 percent NGL) . Forecast Q4 2017 production of 18,000 - 20,000 boe/d (17 percent NGL) .Forecast 2017 annual production of 16,500 - 18,000 boe/d (17 percent NGL).  Full Article

Storm Resources qtrly FFO per share $0.05
Monday, 15 Aug 2016 06:07pm EDT 

Storm Resources Ltd : Qtrly ffo per share $0.05 . Production in q3 is forecast to be approximately 12,500 to 13,500 boe per day . Sees q4 production 13,000 - 14,000 boe/d . Sees q4 2017 production 16,000 - 18,000 boe/d . Qtrly production averaged 12,852 boe per day (17% ngl), a year-over-year increase of 33% (32% on a per-share basis) . Commodity price hedges were added with approximately 24% of current production being hedged for 2017 . Sees 2016 annual production 12,500 - 13,500 boe/d . Sees 2017 Forecast Annual Production 15,000-17,000 boe/d (17% ngl) .Qtrly ngl production was 2,219 barrels per day, an increase of 39% from previous year.  Full Article

Storm Resources reports qtrly FFO per share C$0.07
Thursday, 12 May 2016 05:06pm EDT 

Storm Resources Ltd : Storm Resources Ltd qtrly FFO per share $0.07 . Storm Resources Ltd qtrly revenue from product sales $16.1 million versus $18.5 million . All figures in C$ . Production averaged 13,418 boe per day, a per-share increase of 25% from previous quarter . Production in Q2 is forecast to be approximately 12,500 boe per day . Capital investment in 2016 will be reduced to between $37.0 and $42.0 million . Startup of third facility at umbach deferred to april 2017 . 14,000 boe/d . Annual average production in 2016 is still forecast to increase by 30% on a year-over-year basis .Storm resources ltd. Is pleased to announce its financial and operating results for the three months ended march 31, 2016.  Full Article

Storm Resources Ltd gives Q3 2015 production guidance
Thursday, 13 Aug 2015 05:01pm EDT 

Storm Resources Ltd:Forecasts Q3 2015 production to be 10,000 to 11,000 Boe per day.  Full Article

Storm Resources Ltd announces closing of $36.4 million bought deal financing
Wednesday, 10 Jun 2015 08:45am EDT 

Storm Resources Ltd:Completes bought deal financing, pursuant to which, Storm, through a syndicate of underwriters led by FirstEnergy Capital Corp. and including GMP Securities L.P., RBC Capital Markets, Peters & Co. Limited, National Bank Financial Inc. and Raymond James Ltd.issued 8,000,000 common shares of Storm at a price of $4.55 per Common Share for aggregate gross proceeds of $36.4 million.  Full Article

Storm Resources Ltd announces a $36 million equity financing
Tuesday, 19 May 2015 08:27am EDT 

Storm Resources Ltd:Enters into an agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. and including GMP Securities Ltd., RBC Capital Markets, Peters & Co. Limited, National Bank Financial Inc. and Raymond James Ltd to issue, on a bought deal basis, 8,000,000 common shares.Says issues at a price of $4.55 per Common Share, for aggregate gross proceeds of $36.4 million.Says the net proceeds from the offering will be initially used to temporarily reduce indebtedness, partially finance the company's 2015 capital expenditure program and for general corporate purposes.Common Shares issuable pursuant to the Bought Deal Financing will be offered in all provinces of Canada by way of a short form prospectus. Closing is expected to occur on or about June 10.  Full Article

Storm Resources Ltd gives Q2 2015 production guidance
Wednesday, 13 May 2015 06:05pm EDT 

Storm Resources Ltd:Forecasts Q2 2015 production to be 10,000 to 10,500 Boe per day.  Full Article

BRIEF-Storm Resources announces processing arrangement at Umbach, increases 2017 production guidance

* Storm Resources Ltd. announces processing arrangement at Umbach and increased 2017 production guidance