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BRIEF-Storm Resources Reports Qtrly Production At 22,375 Boe/Day, Up 20% From Previous Qtr

Published 2020-02-27, 10:06 p/m
BRIEF-Storm Resources Reports Qtrly Production At 22,375 Boe/Day, Up 20% From Previous Qtr
SRX
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Feb 27 (Reuters) - Storm Resources Ltd SRX.TO :

* ("STORM" OR THE "COMPANY") IS PLEASED TO ANNOUNCE ITS FINANCIAL AND OPERATING RESULTS FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31, 2019

* QTRLY FUNDS FLOW PER SHARE $0.15

* QTRLY REVENUE FROM PRODUCT SALES $48.7 MILLION VERSUS $74.8 MILLION

* QTRLY NET INCOME PER SHARE BASIC AND DILUTED $0.02

* PRODUCTION IN Q1 OF 2020 IS FORECAST TO AVERAGE 24,000 TO 25,000 BOE PER DAY

* STORM RESOURCES - QTRLY PRODUCTION AT 22,375 BOE PER DAY, INCREASE OF 20% FROM PREVIOUS QUARTER

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