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Storm Resources Ltd
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December 2021 Corporate Presentation
| Brian Lavergne | Page 2 of 11 |
May 08, 2024
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"December 2021 Corporate Presentation"
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STORM RESOURCESLTD.COM Overview TSX symbol “SRX”, started Sept 2010 o fourth ‘Storm’ since Nov 1998, disciplined with capital investment o officer + director ownership 13% (16% FD) Market cap $770 MM ($6.28/share) o 122.4 MM shares + 9.3 MM stock options Nov 9/21 announced arrangement agreement where CNRL acquires Storm for $6.28 cash per share o shareholder vote December 15/21, transaction closes December 17/21 o background and reasons for the arrangement provided in the Information Circular Nov 19/21 9 months 2021: 26,763 Boe/d (+20% YOY) & funds flow $98 MM (+180% YOY) o capex $72 MM, free funds flow $26 MM, debt $104 MM Q4/21 forecast 30,000 – 32,000 Boe/d (exit 33,000 – 35,000 Boe/d) o material increase in ‘free funds flow’ expected at current forward strip prices 2