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August 2016 Investor Presentation – Chinook Energy, Inc.

Chinook Energy, Inc. · Aug 31, 2016 · 15 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. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 1
    August 2016 TSX: CKE
  2. August 2016 Investor Presentation – 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. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 3
    CKE Strategic Review Process Engaged Peters & Co. to assist in a comprehensive review of strategic alternatives that will result in a well-capitalized entity that can best develop our emerging Montney assets at Birley/Umbach, BC and…
  4. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 4
    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 market…
  5. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 5
    2016 Activity Facility construction completed Five (4.25 net) CKE Montney Hz wells on production in mid February Wells are performing above initial type curve expectations Continued expansion of land position along the Montney…
  6. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 6
    Birley - 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…
  7. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 7
    Birley - CKE Comparison to 120 Montney Wells Chinook 2014 Wells (3) CKEs Montney wells are the shallowest in the play trend, but still rank in the top quartile for first year Chinook 2015 Wells (3) productivity (good rock) Company…
  8. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 8
    Birley Well Economics Birley Montney Type Well Unrisked Economics 1,600m HZ w 24 Frac Stages IP90 857 boe/d 4.8 mmcf/d raw gas + 32 bbls/mmcf (15 bbl cond, 7 bbl pentane) IP365 601 boe/d 3.1 mmcf/d + 84 BLPD Reserves(1) 698 mboe…
  9. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 9
    Birley Activity By Year Early History and Conservative 5 Year Plan (easy to accelerate) All values are current CKE net amounts (generally 84% WI) 2014 (1) 2015 2016 (est) 2017 (est) 2018 (est) 2019 (est) 2020 (est) WELLS DRILLED…
  10. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 10
    Birley - Production Growth Potential (Accelerated Case) Consider building sour gas plant 60 Phase II capacity growth to 54 mmcf/d (July 2017) -requires construction of 25 mmcf/d Gas Rate (mmcf/d) & Well Count compressor…
  11. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 11
    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 - 27…
  12. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 12
    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…
  13. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 13
    APPENDIX A: Divestiture to Tournament Exploration Ltd. On June 10, 2016, we completed the divestiture of the majority of our non- Montney Alberta assets for 70% of the approximate 217mm issued and outstanding shares of Tournament…
  14. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 14
    APPENDIX A: Divestiture to Tournament Exploration Ltd. At June 30, 2016, forecasted results for Tournament for the next 12 months were as follows: Oil Natural Gas NGL Total (bbl/d) (mcf/d) (bbl/d) (boe/d) 67% Natural Gas…
  15. August 2016 Investor Presentation – Chinook Energy, Inc. – slide 15
    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

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