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Corporate Presentation – Chinook Energy, Inc.

Chinook Energy, Inc. · Feb 28, 2014 · 36 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Corporate Presentation – Chinook Energy, Inc. – slide 1
    TSX: CKE Corporate Presentation NBF 2014 Intermediate Energy Growth & Yield Conference Economics, Scale and Repeatability Chinook Energy Inc. 1
  2. Corporate Presentation – Chinook Energy, Inc. – slide 2
    Reader Advisory Barrels of Oil Equivalent Barrels of oil equivalent (boe) is calculated using the conversion factor of 6 Mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil. Boe may be misleading, particularly…
  3. Corporate Presentation – Chinook Energy, Inc. – slide 3
    Chinook At A Glance Quality & Scale Tunisia Continued Development Canada 100% Oil Focused Capital Program Q3/13 Production: 1,812 boe/d (88% oil) Q3/13 Production: 8,367 boe/d (31% oil & NGL) Onshore: Ghadames Basin Montney: 95,000…
  4. Corporate Presentation – Chinook Energy, Inc. – slide 4
    Focus on Quality Barrels Production vs Cash Flow Debt to Cash Flow Cash Flow Per Share & Debt Adjusted Cash Flow Per Share 0.70 0.59 3.5 0.60 0.52 0.50 0.47 0.40 0.40 0.30 0.38 0.37 0.30 1.7 CF/Share 0.30 0.20…
  5. Corporate Presentation – Chinook Energy, Inc. – slide 5
    Capitalization & Market Value As at February 5, 2014 unless noted Share price 1.31 6% Shares outstanding 214.2 million 20% 38% Options (avg. strike 1.86) 13.4 million Market capitalization (FD) 298.1 million 36% Net Debt Q3…
  6. Corporate Presentation – Chinook Energy, Inc. – slide 6
    2013 Forecast Results & 2014 Guidance 2013 YE Forecast 2014 Guidance Production (boe/d) 9,35010,000 9,50010,250 Cash flow 8590 million1 8290 million2 Capex 95100 million 85 million Net Debt (period end) 6065 million 7080 million…
  7. Corporate Presentation – Chinook Energy, Inc. – slide 7
    2014 Hedging Positions INDEXED NOTIONAL PRICE VOLUMES COMPANY RECEIVED PRICE PERIOD AECO 5,000 GJ/d 3.25/GJ to 3.50/GJ Jan 1/14 to Dec 31/14 AECO 5,000 GJ/d 3.68/GJ Jan 1/14 to Dec 31/14 AECO 5,000 GJ/d 3.5025/GJ Apr 1/14 to Oct…
  8. Corporate Presentation – Chinook Energy, Inc. – slide 8
    Tunisia CKE holds 1.3 million net acres (equivalent to 2,400 sections) over 4 concessions and 4 exploration permits 76/bbl operating netback in 2013 Approximately 50% of Chinooks operating revenue is from Tunisia production in…
  9. Corporate Presentation – Chinook Energy, Inc. – slide 9
    Ghadames Basin Project 2014 Activity BBT Concession (6 Wells mix of vertical and horizontal) Borj El Khadra Permit (1 well at 10%) Adam Concession (1 well at 5%) Key Ghadames Basin Business Plan Elements: Continue to increase…
  10. Corporate Presentation – Chinook Energy, Inc. – slide 10
    Bir Ben Tartar Concession BBT Concession: 86,981 Acres (352km2) Current Vertical Wells (10) Structure Size: 13,750 Acres (22 Sections) )Current Horizontal Wells (5) 2014 Locations (6) BBT CONCESSION 11 18 19 13 5 11 28 16 29…
  11. Corporate Presentation – Chinook Energy, Inc. – slide 11
    Sud Remada Exploration Permit BBT Concession represents less than 8% of the size of the Sud Remada Permit Numerous exploration leads on a 1mm acre (1,500 sections) block with 12 wells drilled since 1957 2013 exploration well…
  12. Corporate Presentation – Chinook Energy, Inc. – slide 12
    Offshore - Gulf of Hammamet (Cosmos 80%-Hammamet 35%-Yasmin 100%) TAZERKA A.TOUNGA YASMIN MAAMOURA BIRSA FUSHIA OUDNA COSMOS S KASSERINE SBEITLA HELK ELMENZEL Undeveloped discoveries at Cosmos, Tazerka, Yasmin &…
  13. Corporate Presentation – Chinook Energy, Inc. – slide 13
    Canadian Core Area Grande Prairie/PRA Core area with 100% of Canadian growth and development dedicated mainly to Dunvegan and Montney opportunities UMBACH/BIRLEY (Montney) 13 wells (8.1 net) currently budgeted to be drilled in…
  14. Corporate Presentation – Chinook Energy, Inc. – slide 14
    Grande Prairie Area Dunvegan and Doe Creek Oil Pools Currently own six established Dunvegan/Doe Creek oil pools Beaverlodge New oil pools being developed with Hz drilling Sinclair Mature oil pools are now being developed and…
  15. Corporate Presentation – Chinook Energy, Inc. – slide 15
    Karr Area - Dunvegan Five (1.74 net) Hz wells drilled and on stream in 2013, production in Oct, 2013 averaged 365 BOE/D net Four (1.15 net) new Hz wells were drilled WHITECAP WELLS in Q4/2013, three have been completed prior to…
  16. Corporate Presentation – Chinook Energy, Inc. – slide 16
    Karr Area Dunvegan Economics Wells on CKE lands are averaging 355 BOE/D each (80% oil) after 3 months on production and 271 BOE/D each after 6 months Wells have outperformed type curve to date Continue to see capital improvements,…
  17. Corporate Presentation – Chinook Energy, Inc. – slide 17
    Albright/Beaverlodge - Dunvegan Purchased 280 BOE/D (65% oil) property in Dec/12 for 30MM OOIP: 6 MM BBL 3rd Month Rates Albright and Beaverlodge Dunvegan oil pools CTD: 0.4 MM BBL 289 BOE/D were the main assets in the acquisition…
  18. Corporate Presentation – Chinook Energy, Inc. – slide 18
    Albright/Beaverlodge - Dunvegan New Hz wells drilled by CKE are averaging 157 BOE/D (82% oil) after 3 months on production, exceeding economic type curve Four (3.5 net) new Hz wells will be drilled and on production in Q1/14, with…
  19. Corporate Presentation – Chinook Energy, Inc. – slide 19
    Grande Prairie Area - Montney Gold Creek and Knopcik areas emerging as part of the Montney fairway prone to oil and very liquids rich gas CKEs land is situated along the boundary between the Montney Wet Gas and Oil Window…
  20. Corporate Presentation – Chinook Energy, Inc. – slide 20
    Grande Prairie Area - Montney GP/PRA CKE has surveyed 5 surface locations to test both the Upper and Middle Montney intervals in the Gold Creek First Montney Hz well (CKE operated, 37.5% WI) was spud in Jan/14, second Montney Hz…
  21. Corporate Presentation – Chinook Energy, Inc. – slide 21
    Birley/Umbach Area - Montney GP/PRA CKE holds 35 sections of Montney rights, and owns a gathering system and a 10mmcf/d facility capable of sour gas CKE HZ WELL PLACEMENT handling with minor modification (underway) Storm and Yoho…
  22. Corporate Presentation – Chinook Energy, Inc. – slide 22
    Summary A Solid Strategy Well Funded Fully funded 2014 capital program with cash flow and existing bank line Western Canada Well funded and focused Peace River Arch player with strong growth potential in both oil and gas…
  23. Corporate Presentation – Chinook Energy, Inc. – slide 23
    Contact Walter Vrataric, President & CEO Chinook Energy Inc. Suite 700, 700 2nd Street SW Calgary, Alberta, Canada T2P 2W1 www.chinookenergyinc.com T: 403-261-6883 F: 403-266-1814 infochinookenergyinc.com Chinook Energy Inc.…
  24. Corporate Presentation – Chinook Energy, Inc. – slide 24
    Appendix Chinook Energy Inc. 25
  25. Corporate Presentation – Chinook Energy, Inc. – slide 25
    Experienced Leadership Management Canada Management Tunisia Matt Brister Chairman Roy Smitshoek COO International Walter Vrataric President & CEO Vice President, Travis Stephenson Engineering (International) and General Manager,…
  26. Corporate Presentation – Chinook Energy, Inc. – slide 26
    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 Ursu…
  27. Corporate Presentation – Chinook Energy, Inc. – slide 27
    Chinook Asset Value Net Asset Value (1) 2P reserves NPV, 10% (2) 678 million Net asset value(4) PDP reserves 0.96/share Total proved reserves 1.70/share Total proved plus probable reserves 3.17/share Net debt (Q3 2013)…
  28. Corporate Presentation – Chinook Energy, Inc. – slide 28
    Chinook Reserves (1) Gross Company Gross Canada Gross Tunisia December 31, 2012 Reserves Reserves Reserves Proved - developed 16.5 mmboe 15.0 mmboe 1.4 mmboe producing Proved - undeveloped 8.7 mmboe 1.2 mmboe 7.5 mmboe Total 1P…
  29. Corporate Presentation – Chinook Energy, Inc. – slide 29
    Tunisia PSC and JV Fiscal Terms Sud Remada Adam Hammamet Cosmos Yasmin Jenein Centre (86% WI) (5% WI) & BEK (35% WI) PSC (40% WI) JV (100% WI) JV (65% WI) PSC PSC (10% WI) - JV Profit Oil/Gas Profit Oil/Gas Profit Oil/Gas Profit…
  30. Corporate Presentation – Chinook Energy, Inc. – slide 30
    Tunisia Blocks Sud Remada The Sud Remada Block is located onshore in the far southern region of Tunisia bordering with Libya to the south and east, approximately 100 kilometres southeast of the Mediterranean Sea shoreline. The Sud…
  31. Corporate Presentation – Chinook Energy, Inc. – slide 31
    Tunisia Blocks Jenein Centre The Jenein Centre Permit covers an area of 77,097 gross acres and lies on the north central area of the Ghadames Basin within a prolific Acacus producing fairway. On November 16, 2007, CKE obtained the…
  32. Corporate Presentation – Chinook Energy, Inc. – slide 32
    Tunisia Blocks Borj El Khadra Exploration Permit A 10% non-operated interest in the BEK Permit (subject to an obligation to pay costs incurred, varying from 5% to 10%, depending on ETAP participation) was also acquired from Talisman…
  33. Corporate Presentation – Chinook Energy, Inc. – slide 33
    Tunisia Blocks Adam Concession The Adam Concession covers 212,510 gross acres and is located onshore southern Tunisia approximately 570 kilometres south of Tunis in the hydrocarbon producing Ghadames Basin. CKE acquired a 5%…
  34. Corporate Presentation – Chinook Energy, Inc. – slide 34
    Tunisia Blocks Hammamet Offshore The Gulf of Hammamet Offshore Permit was awarded to CKE as a production Sharing Agreement on September 23, 2005 with a primary term of five years and a commitment to drill one Miocene exploration well…
  35. Corporate Presentation – Chinook Energy, Inc. – slide 35
    Tunisia Blocks Cosmos The Cosmos Concession is located in the Gulf of Hammamet approximately 50 km northeast of Sousse adjacent to Shells legacy Tazerka field and Lundins current Oudna FPSO development. The concession, in 120 metres of…
  36. Corporate Presentation – Chinook Energy, Inc. – slide 36
    Tunisia Blocks Yasmin The Yasmin Concession covers 23,722 gross acres and is located adjacent to and directly to the North of the Cosmos Concession. Yasmin was discovered during the initial exploration program completed at Cosmos. A…

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