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Operational Updates

Chinook Details Tunisian Producers; Talks Canadian Sale Plans

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Chinook Energy Inc. has reported its financial and operating results for the three months ended September 30, 2012.

Tunisia

Bir Ben Tartar Concession

Successful results from our activity on the Bir Ben Tartar Concession (BBT Concession) continued in Q3 with the drilling and completion of our second horizontal well at TT-13 which was spudded on July 7, 2012 and subsequently completed on September 4, 2012.  Gross production over the first 10 days averaged 3,251 (1,756 net) barrels of oil per day (bopd) and was subsequently restricted to 1,500 (810 net) bopd due to capacity constraints and limitations on crude oil trucking and surface water handling.

Gross production from the first horizontal well at TT-16 averaged 897 (484 net) bopd over the first 10 days of production, 825 (446 net) bopd…

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