ENVIRONMENT

2016 2017 2018 2019
PRODUCTION
Avg Daily Boe/d 13,219 16,017 20,538 20,182
Annual Boe 4,824,935 5,846,205 7,496,370 7,366,430
ACTIVITY SUMMARY
Wells Drilled (gross operated) 12 16 4 6
Wells Completed (gross operated) 10 12 11 5
Constructed Pipelines km 0 16.2 20.2 16.2
GHG EMISSIONS
Natural gas used for fuel, vented, or flared
Facilities, Wellsites, Drilling, Completions (tonnes CO2) (1) 32,538 44,619 55,945 69,139
Fugitive or Methane Emissions (tonnes CO2) (1) not measured 2,188
Indirect Emissions – Third-Party Natural Gas Processing (tonnes CO2) (2) 63,317 86,988 96,593 93,304
Direct & Indirect GHG Emissions (tonnes CO2) 95,855 131,606 152,538 164,631
Direct & Indirect GHG Emissions Intensity (tonnes CO2/BOE) 0.020 0.023 0.020 0.022
BC CARBON TAX PAID
Direct ($C/yr) $976,142 $1,338,566 $1,887,548 $1,954,657
Indirect ($C/yr) $1,895,786 $2,609,628 $3,262,526 $3,613,476
WATER USAGE
Produced Water at Facilities (m3) 26,068 37,203 31,429 30,749
Total Water Used for Completions (m3) 66,080 122,802 132,014 72,141
Fresh Water Used for Completions (m3) 66,080 122,802 99,068 50,302
Recycled Water Used for Completions (m3) (3) 0 0 32,946 21,839
% Recycled Water Used for Completions (m3) (4) 0% 0% 25% 30%
WELLS
Producing Wells (gross) 51 61 70 75
Non-Producing Wells (gross) 58 45 49 51
Total Abandoned Wells (gross) 27 26 28 27
Abandoned Wells Actively Being Reclaimed (gross) 17 16 18 27
LIABILITY MANAGEMENT RATINGS (5)
Alberta 1.00 1.00 1.00 1.00
BC 20.08 21.14 22.09 23.01

(1) 2019 emissions for facilities, wellsites, drilling, completions, and fugitive or methane totaled 71,327 tonnes CO2 as per the report prepared by Aperture Consulting Inc. and audited by GHD Limited which was submitted to the BC Ministry of Environment & Climate Change Strategy as part of BC Reporting Regulation 249/2015 (GGERR) under the Greenhouse Gas Industrial Reporting and Control Act (GGIRCA).

(2) “Indirect Emissions” is estimated from the BC Carbon Tax paid during each year.

(3) Recycled water for completions includes produced water from facilities plus flowback water from completion operations.

(4) Percentage of water reused for completions is limited by water quality constraints, the number of completions in any given year, and the available volume of stored water.

(5) Higher number is better, below 1 requires letter of credit with AB or BC government.

READER ADVISORIES

Currently there is no single standard system that applies across companies for compiling and calculating the quantity of greenhouse gas (GHG) emissions and other sustainability metrics attributable to corporate operations. Accordingly, such information may not be comparable with similar information reported by other companies. Storm may change its policies for calculating these GHG emissions in the future without prior notice.

Storm has endeavoured to ensure the accuracy of the information in this table. However, this table may include approximations and estimates, which could differ from actual results, and is for informational purposes only. Storm disclaims any liability whatsoever for errors or omissions. Further, some information in this table may have been disclosed previously in other Storm public disclosure, and such disclosure is not intended in any way to be qualified, amended, modified or supplemented by the information herein.

For the purpose of calculating unit revenues and costs, natural gas is converted to a barrel of oil equivalent (“Boe”) using six thousand cubic feet (“Mcf”) of natural gas equal to one barrel of oil unless otherwise stated. Boe may be misleading, particularly if used in isolation. A Boe conversion ratio of six Mcf to one barrel (“Bbl”) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All Boe measurements and conversions in this report are derived by converting natural gas to oil in the ratio of six thousand cubic feet of natural gas to one barrel of oil.

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