Storm Resources Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported production revenue from product sales of CAD 9,048,000 against CAD 3,390,000 for the same period a year ago. Funds from operations were CAD 63,000 against funds used in operations of CAD 63,000 for the same period a year ago. Net loss was CAD 261,000 or CAD 0.00 per basic and diluted share against CAD 1,615,000 or CAD 0.04 per basic and diluted share for the same period a year ago. The improvement was primarily due to a gain on the disposal of oil and gas properties plus increased production from growth at Umbach and from the acquisitions of Bellamont and SGR in the first quarter of 2012. Field capital expenditures were CAD 20,136,000 against CAD 3,216,000 for the same period a year ago. Net capital investment was CAD 0.6 million which includes investment in operations of CAD 20.1 million which was mostly offset by net proceeds of CAD 19.5 million from two asset dispositions that closed in the first quarter. The majority of operations capital expenditures were at Umbach with CAD 9.5 million invested in drilling and completions and CAD 2.4 million to expand infrastructure. The company reported production results for the first quarter ended March 31, 2013. For the quarter, the company's oil equivalent production was 224,000 barrels of oil equivalent against 112,000 barrels of oil equivalent for the same period a year ago. Gas production was 880,000 cubic feet against 515,000 cubic feet for the same period a year ago. NGL production was 24,000 barrels against 7,000 barrels the same period a year ago. Oil Production was 54,000 barrels against 19,000 barrels the same period a year ago. First quarter production averaged 2,488 Boe per day with 34% being oil plus NGL. This is a year-over-year increase of 102%, or 33% on a per-share basis, resulting from growth at Umbach plus the acquisitions of Storm Gas Resource Corp. and Bellamont Exploration Ltd. which closed during the first quarter of 2012. Compared to the previous quarter, production declined by 327 Boe per day as a result of first quarter asset dispositions and from production at Umbach being shut in for a total of 20 days. The company expected capital investment will increase to CAD 47 million net of asset acquisitions and dispositions, an increase of CAD 22 million from previous guidance provided February 28, 2013. The company expected adjusted net debt is to decrease to CAD 37 million at the end of 2013 (including public company investments) which is well within the company's current bank line of CAD 52 million and would be approximately 1.5 times funds from operations for the year. The company reported major expenditures in the 2013 capital investment program include: CAD 15 million to drill 7 horizontal wells (6.2 net) at Umbach which includes 5 horizontal wells at a 100% working interest; CAD 19 million to complete and tie in 7 horizontal wells (6.2 net) at Umbach which includes 5 horizontal wells on 100% working interest lands and 2 horizontal wells (1.2 net) on joint lands; CAD 6 million to expand infrastructure at Umbach. The company is expected production in the second quarter of 2013 to be 3,200 Boe to 3,500 Boe per day which includes the effect of shutting in the horizontal well in the HRB for the month of June due to a turnaround at the Fort Nelson Gas Plant.

Storm Resources Ltd., Annual General Meeting, May 16, 2013., at 15:30 Mountain Daylight. Location: Livingston Place Conference Centre, 2nd Floor. Agenda: To receive the financial statements of the company for the year ended December 31, 2012, and the report of the auditor thereon; to fix the number of directors for the ensuing year at eight; to elect directors of the company for the ensuing year; to appoint the auditor of the company for the ensuing year; to approve the company's stock option plan, as described in the information circular dated March 28, 2013; and to transact such other business as may properly come before the Meeting or any adjournment or adjournments thereof.

Storm Resources Ltd. Presents at FirstEnergy Capital East Coast Energy Conference, Mar-14-2013 03:20 PM. Venue: The Waldorf=Astoria, 301 Park Avenue, New York, NY 10022-6897, United States. Speakers: Brian Lavergne, Chief Executive Officer, President and Director.