Storm Resources Ltd. reported production results for the first quarter ended March 31, 2020. Production was 23,946 Boe per day, an increase of 7% from the previous quarter and an increase of 21% year over year.  This was consistent with guidance (24,000 to 25,000 Boe per day) with the increase resulting from the start-up of the Nig Gas Plant plus a full quarter of production from a four-well pad at Nig. Liquids production (field condensate plus gas plant NGL) totaled 4,621 barrels per day, an increase of 8% from the previous quarter and an increase of 24% year over year.  
 
Production in the second quarter of 2020 is forecast to average 23,000 to 25,000 Boe per day with capital investment expected to be less than $3 million.

The company now expects production for the fourth quarter of 25,000 - 28,000 Boe/d compared to previous guidance of 25,000 - 30,000 Boe/d and liquids production of 5,100 - 5,600 Bbls/d compared to previous guidance of 5,300 - 6,300 Bbls/d.

The company now expects annual production of 23,500 - 26,000 Boe/d compared to previous guidance of 23,500 - 26,000 Boe/d and liquids production of 4,500 - 5,000 Bbls/d compared to previous guidance of 4,900 - 5,500 Bbls/d.