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STRATEGY

Storm's approach to operations includes the following elements:

  • Growth and rates higher than commodity price volatility
  • Active field programs, with operatorship where appropriate, focused in core areas
  • High working interests consistent with risk mitigation
  • In house play development
  • Spend cash flow to explore and develop
  • Pursue acquisitions that offer good initial netbacks, strengthen area focus and provide add on development opportunities
  • Issue equity sparingly to maximize per share growth
  • Use debt, in part, to fund acquisitions as long as debt retirement and project payout can be controlled
  • Use hedging only to protect payout from major investments and acquisitions
  • Alignment of employee and shareholder interests

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