Profile: Storm Resources Ltd (SRX.V)

SRX.V on TSX Venture Exchange

28 Aug 2015
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$0.19 (+4.80%)
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Storm Resources Ltd. is a Canada-based junior exploration and development company. The Company has an asset base with land positions in resource plays at Umbach, the Horn River Basin and Grande Prairie. Umbach is a natural gas liquids (NGL) content natural gas property producing from the Montney formation. It drilled around 16 horizontal wells (16.0 net) and one vertical well and tied in 10 horizontal wells at Umbach. It drilled a total of around 31 horizontal wells at Umbach, comprising 23 producing wells, three standing completed wells and five wells awaiting completion. It added to its land position at Umbach by acquiring two horizontal wells, then producing 359 barrel of oil equivalent net per day, and 29 sections of undeveloped land contiguous to its working interest lands at Umbach South. In the Horn River Basin, the Company has one producing horizontal well. It has a net interest in around 78,000 acres in the area. Production from its Alberta properties is around 35% crude oil.

Company Address

Storm Resources Ltd

1208,250 2Nd Street S.W.
P: +1403.8176145
F: +1403.8176146

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