Storm Resources Ltd. reported unaudited consolidated earnings results and operating results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue from product sales of CAD 16.283 million compared to CAD 24.902 million a year ago. Funds from operations were CAD 7.982 million compared to CAD 11.784 million a year ago. Basic and diluted funds from operations per share were CAD 0.07 compared to CAD 0.11 a year ago. Net loss was CAD 0.961 million or CAD 0.01 per basic and diluted share compared to net income of CAD 5.473 million or CAD 0.05 per basic and diluted share a year ago. Operations capital expenditures were CAD 19.557 million compared to CAD 30.426 million a year ago.

For the quarter, revenue per BOE was CAD 18.33 compared to CAD 37.80 a year ago. Production per BOE was CAD 7.89 compared to CAD 9.53 a year ago. Funds from operations per BOE were CAD 8.98 compared to CAD 17.88 a year ago. Barrels of oil equivalent per day were 9,654 compared to CAD 7,160 a year ago. Gas production thousand cubic feet per day was 47,325 compared to 33,674 a year ago. NGL production Barrels per day were 1,697 compared to CAD 1,154 a year ago. Oil Production Barrels per day were 70 compared to CAD 394 a year ago.

For the nine months, the company reported revenue from product sales of CAD 53.256 million compared to CAD 67.410 million a year ago. Funds from operations were CAD 29.864 million compared to CAD 31.520 million a year ago. Basic and diluted funds from operations per share were CAD 0.26 compared to CAD 0.29 a year ago. Net loss was CAD 8.717 million or CAD 0.08 per basic and diluted share compared to net income of CAD 12.277 million or CAD 0.11 per basic and diluted share a year ago. Operations capital expenditures were CAD 64.101 million compared to CAD 86.385 million a year ago.

For the nine months, revenue per BOE was CAD 20.12 compared to CAD 41.82 a year ago. Production per BOE was CAD 8.37 compared to CAD 9.87 a year ago. Funds from operations per BOE were CAD 11.29 compared to CAD 19.55 a year ago. Barrels of oil equivalent per day were 9,695 compared to CAD 5.907 a year ago. Gas production thousand cubic feet per day was 47,142 compared to 27,667 a year ago. NGL production Barrels per day were 1,598 compared to CAD 882 a year ago. Oil Production Barrels per day were 240 compared to CAD 412 a year ago.

The company revised production guidance for the fourth quarter and full year of 2015 and 2016. For the quarter, the company's production has been revised to 10,000 Boe/d ­ 12,000 Boe/d from 14,000 Boe/d ­ 15,000 Boe/d.

For the fourth quarter of 2016, the company expected production of 20,000 Boe/d ­ 21,000 Boe/d.

For the year, the company's production has been revised to 10,000 Boe/d ­ 11,000 Boe/d from 11,000 Boe/d ­ 12,000 Boe/d.

For the year of 2016, the company expected production of 16,000 Boe/d ­ 18,000 Boe/d.