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Peters and Co Energy Conference – Chinook Energy, Inc.

Chinook Energy, Inc. · Sep 28, 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. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 1
    Montney Focused Growth TSX: CKE Corporate Presentation September 2015
  2. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 2
    FLEXIBILITY & OPTIONALITY THROUGHOUT 2015 Chinook has a 46.7 million working capital surplus and is undrawn on its credit facility going into a potentially active M&A market in the remainder of 2015 Birley/Umbach, BC Final Test Rate…
  3. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 3
    CAPITALIZATION & MARKET VALUE As at September 9, 2015 unless noted Share price 0.63 6% Shares outstanding 215.3 million Market capitalization 135.6 million 37% 57% Net debt (Surplus) (1) (June 30, 2015) (46.7) million…
  4. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 4
    Q2 2015 RESULTS & 2015 PRODUCTION & CAPEX GUIDANCE Q2 2015 H1 2015 2015 Previous 2015 Updated Unaudited Unaudited Guidance Guidance Results Results Avg Production (boe/d) 6,103 6,881 6,600-7,000 (1) 6,600-7,000 (1) 2015 Estimated…
  5. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 5
    BIRLEY/UMBACH AREA CKE owns 65 (54 net) sections of Montney rights at Birley/Umbach Q1 2015 Activity Drilled 3 (2.75 net) Hz wells Frac 1 (0.75 net) well Build 1.6km of new 12 pipeline from Pad 2 to CKE operated compressor…
  6. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 6
    Three (2.25 net) Upper Montney Hz wells are completed and tied-in BIRLEY ACTIVITY Current facility limits total gas through-put to 9 mmcf/d (construction of 25 mmcf/d facility expansion set to begin in October) Three (2.75 net) more…
  7. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 7
    2016 BIRLEY ECONOMICS (1)Thereserves presented are based on Chinooks internal evaluation of Probable Undeveloped Reserves and were prepared by a member of Chinooks management who is a qualified reserves evaluator in accordance…
  8. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 8
    BIRLEY/UMBACH GROWTH PROJECTION Phase II Expansion to 60 mmcf/d 10mm gross capital to complete Developing beyond 60 mmcf/d justifies gas processing 70 plant to transport gas through sales line to Aitken Creek (Phase III) Gas Rate…
  9. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 9
    Chinook lands in oily Montney fairway Gold Creek and Knopcik areas in Montney GRANDE PRAIRIE AREA oil/very high liquids window Recent offsetting wells reported Oil test rates up to 1,500 bopd (3,500 BOE/D) Condensate ratios up to…
  10. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 10
    GOLD CREEK AREA - Montney 1st Montney Hz (16-30) on production 2nd well awaiting facility construction Through Aug 2015, 16-30 has produced 45 MSTB Oil, 0.6 Bcf Gas + 25 BBL/MMCF NGL (160 MBOE, 37% LIQUIDS) Water disposal well…
  11. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 11
    FLEXIBILITY & OPTIONALITY IN 2015 Birley/Umbach has been delineated and moved into full development Gold Creek success in 2014 by Chinook and other operators continues into 2015 which we will continue to monitor closely and amend…
  12. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 12
    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 info1chinookenergyinc.com
  13. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 13
    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…
  14. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 14
    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…
  15. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 15
    CHINOOK RESERVES (1) Year End Booked Birley Locations 2 (1.5 net) PDP locs (1) 3 (2.75 net) PUD locs As independently evaluated effective December 31, 2014. 4 (3.23 net) Probable locs 18
  16. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 16
    BIRLEY MONTNEY WELL LOG 19
  17. Peters and Co Energy Conference – Chinook Energy, Inc. – slide 17
    CHINOOKS OIL GROWTH OPPORTUNITIES Much of Chinooks acreage in the Grande Prairie Core Area Gordondale was historically developed for gas production Halfway Excluding the Birley Montney play in NEBC, almost all capital spent over the…
  18. Peters and Co Energy Conference – 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. Peters and Co Energy Conference – 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 22

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