Chinook at a Glance Quality and Scale Canada Tunisia Cash Flow Funded Growth Canada Montney & Dunvegan Focused Program Tunisia June 16th Announcement Q2/14 Production: 7,911 boe/d (38% oil & NGL) Effective Date: January 1,…
Capitalization & Market Value As at August 13, 2014 unless noted Share price 2.05 6% Shares outstanding 214.8 million Market capitalization 463.81 million 38% 56% Net debt Q2 2014 80.5 million EV/2014 DACF (Fcst) (1) 5.1x Net…
Focus on Quality Barrels Production vs Cash Flow Debt to Cash Flow Cash Flow Per Share & Debt Adjusted Cash Flow Per Share 3.5 0.59 0.57 0.52 0.47 0.47 0.41 1.7 0.38 0.37 0.30 0.30 0.9 0.7 0.7 2010 2011 2012 2013 2014…
Canadian Focus Area Grande Prairie/PRA Canadian growth and development UMBACH/BIRLEY (Montney) Montney and Dunvegan opportunities AB 15 wells planned for 2014 5 Hz Montney locations (all operated) 3 (2.5 net) at Umbach/Birley…
Birley/Umbach Area - Montney CKE holds 54 sections (45 net) of Montney rights 19 sections (19 net) purchased at May/14 landsale BIRLEY 1st Hz well 1st Hz Upper Montney well drilled and tested in Q1/14, on prod in April at 4 mmcf/d…
Birley/Umbach Area Montney Economics Chinook drilled first Montney Hz well at a-60-K Key Economic Attributes D&C costs were 5.3MM Well drilled in 11 days, 2,700m TD, 1,220m Hz Wells Drilled 1 (.75 net) 18 stage slickwater frac 2014…
Grande Prairie Area - Montney Gold Creek and Knopcik areas within Montney oil and/or very high liquids window KNOPCIK Recent offsetting wells reported Oil rates up to 1,100 bopd Gas Rates up to 19 mmcf/d Condy ratios up to 150…
Gold Creek Area - Montney Testing Upper and Middle Montney intervals in the Gold Creek area First Montney Hz well (CKE operated, 37.5% WI) drilled in Q1 /2014 Tested rates up to 500 BOPD and 6 mmcf/d (1,500 BOE/D) Expect well on…
Grande Prairie Area Dunvegan and Doe Creek Oil Pools Ownership in 6 established Sinclair Dunvegan/Doe Creek oil pools, Beaverlodge only 2 have seen activity in the last 2 years Hz drilling is: Albright Developing new oil pools…
Karr and Albright Areas - Dunvegan Karr Albright Current production from these 2 properties is over 1,850 BOE/D net (80% oil), added for 17,000/boe/d (using 3rd month prod rates) New battery recently constructed at Karr, reduction…
Exciting First Half of 2014 Western Canada 3 Growth Catalysts Montney discovery at Gold Creek Montney discovery at Birley/Umbach Dunvegan program(s) in full scale development Tunisia Disposition of Tunisia business unit…
Contact Walter Vrataric, President & CEO Chinook Energy Inc. Suite 1000, 517 10th Ave SW Calgary, Alberta, Canada T2R 0A8 www.chinookenergyinc.com T: 403.261.6883 F: 403.266.1814 infochinookenergyinc.com 16
Experienced Leadership Management Canada Board of Directors Walter Vrataric President & CEO Donald Archibald Tim Halpen COO Canada Matthew J. Brister Vice President, Finance & Stuart G. Clark Jason Dranchuk CFO Robert C. Cook…
Analyst Coverage TSX: CKE Firm Analyst TD Securities Shahin Amini National Bank Financial Dan Payne Macquarie Equities Research Ray Kwan Peters & Co. Dan Grager FirstEnergy Capital Robert Fitzmartyn Cormark Securities Garrett…
Chinook Asset Value Net Asset Value (1) 2P Canadian reserves NPV, 10% (2) 312 million Net asset value(4) PDP reserves 0.84 /share Total proved reserves 1.04 /share Total proved plus probable reserves 1.45 /share Net debt (Q2…
Chinook Canadian Reserves (1) Gross December 31, 2013 Canada Reserves Proved - developed producing 12.7 mmboe Proved - undeveloped 1.5 mmboe Total 1P reserves 16.0 mmboe Probable 9.1 mmboe Total 2P reserves 25.1 mmboe 37%…
2014 Hedging Positions Company Indexed Price Notional Volumes Period Received Price Jan 1/14 to AECO 5,000 GJ/d 3.25/GJ to 3.50/GJ Dec 31/14 Jan 1/14 to AECO 5,000 GJ/d 3.68/GJ Dec 31/14 Apr 1/14 to AECO 5,000 GJ/d 3.5025/GJ…