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JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc.

Chinook Energy, Inc. · Jun 24, 2015 · 19 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. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 1
    Montney Focused Growth TSX: CKE Corporate Presentation June 2015
  2. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 2
    FLEXIBILITY & OPTIONALITY THROUGHOUT 2015 Chinook has a 48.6 million working capital surplus and is undrawn on its credit facility going into a potentially active M&A market in the remainder of 2015 2014 Montney Drilling 4.4 -A…
  3. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 3
    CAPITALIZATION & MARKET VALUE As at May 29, 2015 unless noted Share price 1.15 6% Shares outstanding 215.1 million Market capitalization 247.3 million 37% 57% Net debt (Surplus) (48.6) million (Mar. 31 2015) Enterprise value…
  4. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 4
    Q1 2015 RESULTS & 2015 PRODUCTION & CAPEX GUIDANCE Q1 2015 2015 Updated Unaudited Results Guidance Avg Production (boe/d) 7,668 6,600-7,000 (1) 2015 Estimated Production YE Exit (boe/d) (net of Gilby) N/A 6,800-7,100 Capex 22.1…
  5. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 5
    CKE FOCUS AREAS BIRLEY/UMBACH Birley/Umbach & Gold Creek (Montney) 2015 Montney Development 5 operated Hz Montney locations BC AB 4 (3.6 net) 1 (0.75 net) Birley/Umbach Gold Creek GOLD CREEK (Montney) 1. Dunvegan oil…
  6. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 6
    BIRLEY/UMBACH AREA CKE owns 65 (54 net) sections of Montney rights at Birley/Umbach YE 2014 reserve report has: 2 (1.5 net) PDP locations booked CARMEL BAY BIRLEY AREA MAP 3 (2.75 net) PUD locations booked SAGUARO CHINOOK…
  7. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 7
    IP30 820 boe/d (unrisked) 4.2 mmcf/d raw gas + 29 bbl/mmcf (17 bbl/mmcf free cond, 1,180 BTU/scf gas) 2015 BIRLEY PROGRAM Reserves(1) 531 mboe 3.0 BCF raw gas, 64 MSTB Cond, 23 MSTB NGL (unrisked) Capital 5,348m Assumptions…
  8. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 8
    BIRLEY ECONOMICS Chinook HZ Birley Wells - Actual Production vs Type Curve (through May 18, 2015) Chinook Type Curve*: IP 30 826 BOE/D (15% liquids) EUR 3.0 BCF a-60-K - 1220m Hz Leg, 18 Fracs -IP30: 4 mmcf/d + 41 bbl cond/mmcf + 15…
  9. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 9
    Developing BIRLEY/UMBACH GROWTH PROJECTION beyond 60 Phase II Expansion to 60 mmcf/d 70 mmcf/d justifies gas Gas Rate (mmcf/d), Facility Capacity (mmcf/d) & Well Count Phase I Expansion to 35 mmcf/d 60 (25mm gross for facility…
  10. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 10
    GRANDE PRAIRIE AREA Gold Creek and Knopcik areas in Montney oil/very high liquids window Recent offsetting wells reported Oil rates up to 1,500 bopd (3,500 BOE/D) KNOPCIK Condensate ratios up to 200 bbl/mmcf 34 gross sections A…
  11. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 11
    GOLD CREEK AREA - Montney 10,000 Calendar Day Rate (boe/d) 1,000 100 10 0 10 20 Months 1st Montney hz. on production second well awaiting facility construction Through May 2015, 16-30 has produced 33.5 MSTB Oil,…
  12. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 12
    FLEXIBILITY & OPTIONALITY IN 2015 Birley/Umbach was delineated in 2014 and ready to go Gold Creek success in 2014 by Chinook and other operators continues into 2015 Current working capital surplus of 48.6 million fully funds our…
  13. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 13
    Contact Chinook Walter Vrataric, President & CEO www.chinookenergyinc.com Chinook Energy Inc. T: 403.261.6883 Suite 1000, 517 10th Ave SW F: 403.266.1814 Calgary, Alberta, Canada T2R 0A8 infochinookenergyinc.com
  14. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 14
    EXPERIENCED LEADERSHIP Management Board of Directors Walter Vrataric President & CEO Jill T. Angevine Tim Halpen COO Donald Archibald Jason Dranchuk Vice President, Finance & CFO Matthew J. Brister Darrel Zacharias Vice…
  15. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 15
    ANALYST COVERAGE TSX: CKE Firm Analyst AltaCorp Capital Inc. Patrick ORourke Cormark Securities Garret Ursu Dundee Capital Markets Brian Kristjansen FirstEnergy Capital Robert Fitzmartyn GMP Securities Grant Daunheimer Mackie…
  16. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 16
    CHINOOK RESERVES (1) Gross NPV (BTAX, undiscounted) NPV (BTAX, 10%) December 31, 2014 Reserves ( millions) ( millions) Proved - developed producing 13.6 mmboe 229.7 157.6 Proved - undeveloped 2.0 mmboe 27.1 7.7 Total 1P…
  17. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 17
    CHINOOK RESERVES (1) (1) As independently evaluated effective December 31, 2014. 19
  18. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 18
    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 allocated FDC 6.8 19.9 5.9 13.6 Total…
  19. JUNE 2015 CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 19
    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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