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BRIEF-Storm Resources qtrly FFO per share C$0.08

Published 2016-02-25, 09:29 p/m
© Reuters.  BRIEF-Storm Resources qtrly FFO per share C$0.08
SRX
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Feb 25 (Reuters) - Storm Resources Ltd SRX.V :
* Qtrly FFO per share $0.08
* Qtrly net income per share C$0.02
* Says Q4 ngl production was 1,872 barrels per day, an increase of 17% from the
previous year
* Says production in the first quarter of 2016 is forecast to be 13,000 to
14,000 boe per day
* Says Q4 production averaged 10,730 boe per day (17% ngl), a per-share
decrease of 2% from the previous year
* Says capital investment in 2016 will be reduced to $80 million which will
result in fewer horizontal wells being drilled
* Says capital investment in the first quarter is expected to be $25.0 million
* Guidance for 2016 is being revised due to the continuing decline in commodity
prices which has reduced forecast funds flow
* All figures in c$
* Source text for Eikon
* Further company coverage SRX.V

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