PRITCHARD CAPITAL PARTNERS
ENERGIZE 2008

JANUARY 9,
2008

1125 17th Street, Suite 2310  Denver, Colorado 80202  303.991.5070
www.stormcatenergy.com
AMEX: SCU І TSX: SME
Investor Relations Contact:  William Kent  will@stormcatenergy.com

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This publication contains certain “forward-looking statements”, as defined in the United States Private Securities
Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation, relating to matters such as
the Company’s drilling and other exploration plans and projected well economics. Forward-looking statements are
statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,”
“anticipates,” “believes,” “intends,” “estimates,” ”projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and
similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur. Forward-looking
statements are based on the beliefs, estimates and opinions of Storm Cat’s management on the date the statements
are made; including production and reserve estimates, and potential benefits to Storm Cat of such acquisitions, and
they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will
prove to be accurate and actual results and future events could differ materially from those anticipated in such
statements. Storm Cat undertakes no obligation to update these forward-looking statements if management’s beliefs,
estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from
those anticipated in these forward-looking statements include, but are not limited to receipt of necessary approval from
regulatory bodies, the failure to achieve the anticipated benefits of the acquisition, the failure to close the acquisition,
the volatility of natural gas prices, the possibility that exploration efforts will not yield economically recoverable
quantities of gas, accidents and other risks associated with gas exploration and development operations, the risk that
the Company will encounter unanticipated geological factors, the Company’s need for and ability to obtain additional
financing, the possibility that the Company may not be able to secure permitting and other governmental clearances
necessary to carry out the Company’s exploration and development plans, and the other risk factors discussed in
greater detail in the Company’s various filings on SEDAR (www.sedar.com) with Canadian securities regulators and its
filings with the U.S. Securities and Exchange Commission (www.sec.gov), including the Company’s Form 10-K for the
fiscal year ended December 31, 2006. 

Forward-Looking Statements

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Key Statistics

Reserves:

§

            
Year End 2006 Proved Reserves(a) 

            
28.7 Bcf

§

            
Mid Year 2007 Proved Reserves(b) 

            
36.8 Bcf

Current Shares Outstanding

            

            
81.0 million

Fully Diluted Shares Outstanding(c) 

            
131.5 million

Market Capitalization(d)

            

            

            
$68.9 million

Credit Facility(e)

            

            

            

            
$43.0 million drawn

Convertible Debt(f)

            

            

            

            
$50.0 million due 2012

Enterprise Value

            

            

            

            
$161.9 million

(a)

            
Powder River Basin reserves as of 12/31/2006, Netherland, Sewell & Associates, Inc, based on strip pricing (1/1/07 Price $5.483), YE 2006 PV 10
Strip: $75.3 MM

(b)

            
Powder River Basin mid-year reserves as of 6/30/2007, Company prepared, based on strip pricing (7/1/07 Price $4.058), Mid-Year 2007 PV 10 Strip:
$61.9 MM

(c)

            
Assumes conversion of convertible debt and exercise of all outstanding warrants and options

(d)

            
Market Cap based on January 3, 2008 closing price of $0.85

(e)

            
Amount drawn as of 12/31/07; current borrowing base of $55.0 million

(f)

            
Convertible at $1.17; force convert at $2.05

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Control Costs

Strengthen
Balance Sheet

Grow Reserves

Increase Production & Cash Flow

What Is Storm Cat

•

            
Three Core Areas

–

            
Powder River Basin

            
          

–

            
Fayetteville Shale

–

            
Elk Valley in British Columbia

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$38.2 MM 2008 CAPITAL BUDGET

2008 Capital Budget

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Note:  Volumes shown are wellhead production.  To convert to sales point volumes in MMbtu, deduct 12% for fuel and 3.5% for btu adjustment.

Estimated Net Production
Growth

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Building A Future On Reserve
Growth

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Hedging Summary

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LAND POSITION

•

            
  41,730 Gross Acres

•

            
  31,905 Net Acres

WELLS

•

            
 424 Total

‒

            
 373 Operated

‒

            
 51 Non-Operated

•

            
 401 Producing

DAILY PRODUCTION 

•

            
 21.5 mmcf/d Gross

•

            
 11.9 mmcf/d Net

PROVED RESERVES

•

            
 28.7 Bcf 12/31/06

•

            
 36.8 Bcf 6/30/07

2008 CAPEX

•

            
 $20.0 MM

•

            
 126 wells planned

•

            
 Marathon / Pennaco JV

Powder River Basin

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Growing PRB Asset Base

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LAND POSITION

•

            
 22,678 Gross Acres

•

            
 17,518 Net Acres

WELLS

•

            
 19 Total 

‒

            
 3 Operated

‒

            
 16 Non-Operated

•

            
 8 Producing (all non-op)

DAILY PRODUCTION

•

            
 0.3 mmcf/d Net

2008 CAPEX

•

            
 $16.0 MM 

•

            
8 net wells planned 

•

            
Pipeline construction  
underway

•

            
3 Wells drilled, completed and
awaiting pipeline 

•

            
Kamalmaz extended flow-test

Fayetteville Shale

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Kamalmaz 1-13H

Storm Cat Energy 

Kamalmaz 1-13H well

IP 1,750 MCFD

Analogous to well in Scotland
Gas Field with IP 2,929 MCFD

Fayetteville IP Map

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Seeco, Inc.

Black 1-17

Sec 17-T10N-R15W

Van Buren Co., AR

Storm Cat Energy

Kamalmaz 1-13H

Sec 13-T11N-R17W

Van Buren Co., AR

IP 2,929 MCFD

IP 1,750 MCFD

Upper Fayetteville Shale

Lower Fayetteville Shale

Hindsville Sandstone

9 Miles

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Fayetteville Fairway
Horizontal Well Performance

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Fayetteville Fairway
Horizontal Well Performance

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Fayetteville

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LAND POSITION

•

            
77,778 Gross & Net Acres

WELLS

•

            
24 Total Wells

•

            
9 Currently Producing

•

            
All Operated

2008 CAPEX

•

            
$1.0 MM 

•

            
Continue dewatering /    
evaluation

Gas Pipeline

To U.S.

Elk Valley

UNITED STATES

Elk Valley, B.C.

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Wells offline for work-over and
equipment upgrade

Elk Valley Aggregate
Production

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AC-85 Economics (BFIT):

Well Cost: $1,000M

Net Reserves: 0.837 Bcf

ROR: 39%

F&D Costs: $1.19/mcf

10%PW: $1,035M

Elk Valley AC-85 Production
Profile

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Normalized Data w/o Well Downtime

Encouraged By Water Rates

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Normalized Data w/o Well Downtime

Encouraged By Gas Rates

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Elk Valley

APPENDIX

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Hedging

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Reserves (PRB Only @ CIG
Strip)

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Impact of Gas Price at Sales
Point

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Powder River Basin Well
Economics

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Fayetteville Shale Well
Economics

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Elk Valley Well Economics

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Experienced Team