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BRIEF-Storm Resources Ltd Posts Quarterly Loss Per Share Of C$0.10

Published 2020-08-12, 07:26 p/m
© Reuters.

Aug 12 (Reuters) - Storm Resources Ltd SRX.TO :

* . (“STORM” OR THE “COMPANY”) IS PLEASED TO ANNOUNCE ITS FINANCIAL AND OPERATING RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2020

* QTRLY LOSS PER SHARE C$0.10

* QTRLY FFO PER SHARE C$0.09

* QTRLY REVENUE FROM PRODUCT SALES C$30.2 MILLION VERSUS C$37.6 MILLION

* PRODUCTION IN Q3 OF 2020 IS FORECAST TO AVERAGE 19,000 TO 21,000 BOE PER DAY

* QTRLY PRODUCTION WAS 23,935 BOE PER DAY, UNCHANGED FROM PREVIOUS QUARTER & AN INCREASE OF 20% YEAR OVER YEAR

* CAPITAL INVESTMENT IN Q3 IS EXPECTED TO BE C$10 TO C$15 MILLION

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