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MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc.

Chinook Energy, Inc. · Mar 20, 2015 · 18 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. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 1
    March, 2015
  2. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 2
    Flexibility & Optionality Throughout 2015 Chinook has a 70 million working capital surplus and is undrawn on its 125 million credit facility going into a potentially active M&A market in 2015 Canada 2015 - 45 Million Capital…
  3. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 3
    Capitalization & Market Value As at March 3, 2015, unless noted Share price 1.36 6% Shares outstanding 215.1 million 37% Market capitalization 292.5 million 57% Net Debt (Surplus) (Jan/15-est.) (70.0) million Enterprise Value…
  4. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 4
    2014 & 2015 Production & Capex Guidance Disposition of Karr and Gilby properties on Dec 16/14 and Jan 6/15 represented approx. 1,500 boe/d of 2014 volumes. 2014 Avg excluding Karr and Gilby is 6,300-6,400 boe/d. 2015 Updated 2014…
  5. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 5
    CKE Focus Areas Birley/Umbach & Gold Ck. BC AB Montney Focused Development in 2015 5 Hz Montney locations (all operated) 4 (3.6 net) wells at Birley/Umbach BIRLEY/UMBACH 1 (0.75 net) wells at Gold Creek (Montney) Dunvegan oil…
  6. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 6
    Birley/Umbach Area MONTNEY REGIONAL MAP CKE owns 65 (54 net) sections of Montney rights at Birley/Umbach YE 2014 reserve report has: CARMEL BAY 2 (1.5 net) PDP locations booked BIRLEY AREA MAP 3 (2.75 net) PUD locations booked…
  7. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 7
    2015 Birley Program Using McDaniels Jan 1, 2015 Pricing Below CHINOOK MARTIN CREEK GAS PLANT 20 mmcf/d capacity 10 mmcf/d currently Flows to McMahon PAD 7 PAD 4 Birley Montney Type Well CKE Internal Economic Estimates…
  8. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 8
    Birley Economics Upper Zone Only No Mid or Lwr Montney locations are planned for 2015, no reserves booked Plan to develop Upper Montney at 4 Two (1.5 net) new Upper Montney Hz wells on prod in 2014 Hz wells/section…
  9. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 9
    Birley/Umbach Growth Potential (10MM gross spend for facility ) (25MM gross spend for facility and pipeline) Developing property beyond 60 mmcf/d will justify construction of a gas processing plant which would transport gas…
  10. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 10
    Grande Prairie Area - Montney KNOPCIK A 34 gross sections (15 net) Gold Creek and Knopcik areas in Montney oil/very high ELMWORTH liquids window Recent offsetting wells reported Oil rates up to 1,500 bopd (3,500 BOE/D) WAPITI…
  11. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 11
    ECONOMICS & SENSITIVITIES Using McDaniels Jan 1, 2015 Pricing 200 Gold Creek Area - Montney 180 160 140 120 ROR = 52% ROR (%) 100 80 60 40 20 Currently one (0.37 net) well budgeted 0 for 2015, with plan and ability to…
  12. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 12
    Transformational 2014 Provides Flexibility & Optionality in 2015 Started 2014 with a diverse asset base in Canada and North Africa Disposed of North Africa business unit and several non-core Canadian assets in advance of a commodity…
  13. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 13
    Experienced Leadership Management Board of Directors Walter Vrataric President & CEO Jill T. Angevine Tim Halpen COO Donald Archibald Vice President, Finance & Matthew J. Brister Jason Dranchuk CFO Stuart G. Clark Darrel Zacharias…
  14. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 14
    Analyst Coverage TSX: CKE Firm Analyst AltaCorp Capital Inc. Patrick ORourke Cormark Securities Garret Ursu Dundee Capital Markets Geoff Ready FirstEnergy Capital Robert Fitzmartyn GMP Securities Grant Daunheimer Mackie Research…
  15. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 15
    Chinook Reserves (1) Gross NPV (BTAX, December 31, 2014 NPV (BTAX, 10%) Reserves undiscounted) ( millions) ( millions) Proved - developed 13.6 mmboe 229.7 157.6 producing Proved - 2.0 mmboe 27.1 7.7 undeveloped Total 1P…
  16. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 16
    Chinook Reserves (1) (1) As independently evaluated effective December 31, 2014. 19
  17. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 17
    Chinook Finding & Development Costs NI 51-101(2) All-In(3) ( millions, except per unit amounts) 1P 2P 1P 2P 2014 capital expenditures (1) 77.5 77.5 63.4 63.4 Net change from previously 6.8 19.9 5.9 13.6 allocated FDC Total…
  18. MARCH 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 18
    2015 Hedging Positions 2015 Hedging Positions Company Indexed Price Notional Volumes Period Received Price AECO 5,000 GJ/d 3.50/GJ Jan 1/15 to Dec 31/15 21

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