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Montney Focused Growth Corporate Presentation – Chinook Energy, Inc.

Chinook Energy, Inc. · Mar 31, 2016 · 20 slides

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Slides

  1. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 1
    Montney Focused Growth TSX: CKE Corporate Presentation March 2016
  2. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 2
    Disciplined, Defensive & Debt Free in 2015 & 2016 Chinook has an estimated 29.6 million working capital surplus at year end 2015 and is undrawn on its credit facility Birley/Umbach, BC Final Test Rate IP90 Rate 6 1st Well 1,300…
  3. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 3
    CAPITALIZATION & MARKET VALUE As at March 7, 2016 unless noted Share price 0.57 5% Shares outstanding 215.3 million Market capitalization 122.7 million 58% 37% Net debt (surplus) (1) (29.6) million (YE 2015) Enterprise…
  4. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 4
    2015 PRODUCTION & CAPEX ESTIMATES & 2016 CAPEX ESTIMATES 2016 2015 Guidance Results Estimate Avg Production (boe/d) (1) 5,637 5,700 5,800 2015 Production Exit Production(1) 4,472 7,300 7,500 Capex (2) 49 million 22 - 23…
  5. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 5
    BIRLEY/UMBACH AREA CKE owns 70 (59 net) DSUs of Montney rights at Birley/Umbach 2015 Activity Drill & complete 3 (2.75 net) Hz wells at 40% cost reductions vs 2014 wells Build 1.6 km of new 12 pipeline from Pad 2 to CKE…
  6. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 6
    BIRLEY MONTNEY 6 HZ wells (5.0 net) drilled and completed to date All-in DCET costs for three 2015 wells were 4.4 - 4.7MM, a savings of 40% from the three wells drilled in 2014 Test rates for new wells were 4.8 7.7 mmcf/d with free…
  7. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 7
    2016 BIRLEY ECONOMICS CKE has 280 total Gross (236 Net) potential Upper Montney Locations (assuming 4 wells/DSU) with additional Middle and Lower Montney potential over a 240m thick Montney interval (1)The reserves presented…
  8. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 8
    BIRLEY GROWTH PROJECTION With Phase I facility expansion now complete, 4 additional wells ( approx 5MM) would be required to fill it to capacity of 29 mmcf/d gross. This production increase could be achieved with cash on hand at…
  9. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 9
    2016 Staying the Course We Set in 2015 Birley/Umbach has been delineated and moved into full development with completion of facility Current estimated working capital surplus of 29.6 million fully funds our 2016 program of 22 -…
  10. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 10
    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
  11. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 11
    EXPERIENCED LEADERSHIP Management Board of Directors Walter J. Vrataric President & CEO Jill T. Angevine Tim S. Halpen COO Donald F. Archibald Jason B. Dranchuk Vice President, Finance & CFO Matthew J. Brister Darrel G.…
  12. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 12
    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…
  13. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 13
    CHINOOK RESERVES (1) Gross NPV (BTAX, December 31, 2015 NPV (BTAX, 10%) Reserves undiscounted) ( millions) ( millions) Proved - developed producing 8.9 mmboe 127.8 82.7 Proved - undeveloped 5.4 mmboe 52.3 16.7 Total 1P…
  14. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 14
    Grande Prairie Area Dunvegan Oil On average, existing HZ wells have outperformed type curve 25+ remaining locations identified (1)The reserves presented are based on Chinooks internal evaluation of Probable Undeveloped Reserves…
  15. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 15
    GRANDE PRAIRIE AREA - Montney 17
  16. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 16
    GRANDE PRAIRIE AREA - Montney Knopcik Area 34.5 Sections (18 net) 16 Hz wells now drilled offsetting 1st CKE well Chinook has a water disposal well and a WI in the Gold Creek gas plant Gold Creek Area - 47 sections (32…
  17. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 17
    19
  18. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 18
    CHINOOKS OIL GROWTH OPPORTUNITIES Map Showing Chinook WI Oil Pools Much of Chinooks acreage in the Grande Prairie Core Area was historically developed for gas production Gordondale Halfway Excluding the Birley Montney play in NEBC,…
  19. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 19
    CHINOOK FINDING & DEVELOPMENT COSTS NI 51-101(2) All-In(3) ( millions, except per unit amounts) 1P 2P 1P 2P 2015 capital expenditures (1) 44.3 44.3 6.5 6.5 Net change from previously allocated FDC 25.6 30.5 19.2 24.1 Total…
  20. Montney Focused Growth Corporate Presentation – Chinook Energy, Inc. – slide 20
    BIRLEY COMPRESSION FACILITY 22

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