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2016 Annual General Meeting Montney Update – Chinook Energy, Inc.

Chinook Energy, Inc. · May 12, 2016 · 10 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. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 1
    2016 AGM Montney Update TSX: CKE
  2. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 2
    CKE 2016 Strategy Preserve our working capital surplus, (20.2 million at March 31, 2016) through the balance of the year and into 2017 Continue to materially reduce cash costs to the company Highlight the top quartile well…
  3. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 3
    How is CKE Positioned to Navigate the Current Environment Our reduced 2016 budget protects our strong balance sheet into 2017 Diversified away from weak Stn 2 prices by securing firm transportation on Alliance to the Chicago…
  4. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 4
    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 compressor Upgrade access road for all season access Construction of 25 mmcf/d compressor…
  5. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 5
    CKE Well Performance 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…
  6. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 6
    CKE Comparison to 120 Montney Wells CKEs Montney wells are the shallowest in the play * trend, but still rank in the top quartile for first year productivity (good rock) Majority of the wells ranking higher have longer laterals…
  7. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 7
    When to begin drilling again Birley Montney Type Well Unrisked Economics 1,600m HZ, 24 Frac Stages CKEs Price Forecast from May, 2016 McDaniels Strip (existing pad, winter drill, summer completion) IP90 857 boe/d 4.8 mmcf/d raw…
  8. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 8
    Birley Production Growth Potential 60 Phase II capacity growth to 54 mmcf/d (July 2017) -requires construction of 25 mmcf/d Gas Rate (mmcf/d) & Well Count 50 Phase I capacity growth to 29 mmcf/d (Feb 2016) -built new 25 mmcf/d…
  9. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 9
    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 Q1/16 drills Gold Creek Area - 47…
  10. 2016 Annual General Meeting Montney Update – Chinook Energy, Inc. – slide 10
    2016 Industry Challenges Continue Important to understand and address near term challenges and to be transparent about them Current strategy remains in place to preserve cash and to avoid eroding NPV by pursuing growth…

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