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Storm Resources Ltd.: Storm is Pleased to Announce Its Financial and Operating Results for the Three Months and Year Ended December 31, 2020


Storm Resources Ltd.: Storm is Pleased to Announce Its Financial and Operating Results for the Three Months and Year Ended December 31, 2020
0.18
0.15
(2)
(2)(4)
surplus
121,689
contracts
25,985
124,927
(1) Excludes gains and losses on risk management contracts.
(2) Certain financial amounts shown above are non-GAAP measurements. See discussion of Non-GAAP Measurements on page 38 of the MD&A. CROCE and ROCE are presented on a 12-month trailing basis.
(3) Excludes the fair value of risk management contracts, decommissioning liability and lease liability.
(4) Includes a non-cash unrealized loss on risk management contracts of $6.5 million for the year ended December 31, 2020 (December 31, 2019 - unrealized gain of $1.5 million).
PRESIDENT S MESSAGE
2020 FOURTH QUARTER HIGHLIGHTS ....

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UK/Canada: i3 Energy announces operational update


UK/Canada: i3 Energy announces operational update
23 Feb 2021
i3 Energy, an independent oil and gas company with assets and operations in the UK and Canada, has announced the following interim operational update. The Company intends to provide regular quarterly updates starting with a summary of Q1 to be released in the second half of April 2021.
HIGHLIGHTS
Production remains predictably stable with November 2020 to January 2021 averaging 9,150 boe/d (41% liquids)
The diversified portfolio continues to perform at or above expectations, with forecasted 2021 net operating income (revenue minus royalties, opex, transportation and processing) of approx. CAD $35 million (US $27.6 million) based on mid-February strip pricing, an estimated maintenance capital budget of approx. CAD $3 million and excluding any additional production volumes associated with i3 s recent Noel production test (referenced below) ....

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Louisiana Pacific expects mill restart at full production by 2022

Louisiana Pacific expects mill restart at full production by 2022
energeticcity.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energeticcity.ca Daily Mail and Mail on Sunday newspapers.

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