Storm Resources Ltd. Announces Unaudited Operating Results for the Second Quarter and Six Months Ended June 30, 2019; Revises Production Guidance for the Third Quarter, Fourth Quarter and Full Year 2019
For the six months, the company's production of barrels of oil equivalent per day were 19,873 against 19,618 a year ago.
The company revised production guidance for the third quarter, fourth quarter and full year 2019. Production in the third quarter of 2019 is expected to average 18,000 to 20,000 Boe per day and includes the effect of an unplanned outage at the McMahon Gas Plant from July 30 to August 12 which was required to repair piping leaks and resulted in approximately 16,000 Boe per day being shut in.
For the fourth quarter, the company expected production guidance of 23,000 Boe/d to 25,000 Boe/d compared to 23,000 Boe/d to 25,000 Boe/d previously expected.
For 2019, the company expected production guidance of 20,000 Boe/d to 22,000 Boe/d compared to 21,000 Boe/d to 24,000 Boe/d previously expected.