CKE 2017 Strategy Checklist Preserve our working capital surplus, (estimated at 13.5 million as at December 31, 2016) Secured an 8.0 million demand revolving credit facility with a Canadian chartered bank (limited to 2.0 million…
Current Birley Drilling Program Drilled 3 (2.62 net) wells at Birley/Umbach (Nov 28th Spud). These wells were drilled on schedule and under budget by approximately 26% Complete and tie-in these wells in Q1/17. Completion operations…
NEBC Montney Play Summary Chinook owns 70 (59 net) DSUs of Montney BRITISH COLUMBIA rights at Birley, along the shallow edge ALBERTA…
BIRLEY Chinook Activity 2014 Wells 2015 Wells 2016 Wells Surveyed Pads 2016 Q1 2017 Activity Built 25 mmcf/d compressor Produced six (5.0 net) Hz wells in 2016 Three (2.67 net) well drilling program commenced in November,…
BIRLEY CKE HZ Well Performance Five 1,200m Hzs with 18 stages, one 1,600m Hz with 24 stages (future wells all 1,600m+ Hzs with 24+ stages) All fracs were 65 tons, 65m spacing, nitrified slickwater, open hole ball drop…
BIRLEY CKE HZ Well Performance Chinook 1200m Hzs (5) Chinook 1600m Hzs (1) Prod data to Sept/16 Company A (41 wells) Company B (6 wells) Company C (24 wells) Company D (34 wells) Only 13 out of 100+ industry Hz wells in the…
BIRLEY Production Growth Potential Significant growth potential beyond 75 mmcf/d, as 40 Hz wells is only about 15% of Chinook's existing Upper Montney drilling inventory at Birley and doesnt include future Middle and Lower Montey…
BIRLEY Well Economics Birley Montney Type Well Unrisked Economics 1,600m HZ w 24 Frac Stages, Winter Drill, Summer Completion ECONOMIC SENSITIVITIES IP90 857 boe/d 4.8 mmcf/d raw gas + 153 BLPD (32 bbl/mmcf, 70% Cond or C5+) IP365…
Grande Prairie Area AB Montney Lands Knopcik/Pipestone Area Avg 62% WI Chinook owns 27 (15.8 net) sections of prospective Montney lands in the very liquids rich Pipestone area Recent wells IPs to 1,000 bbl/d Chinooks land sits…
2017 Transformation Complete: Now a Pure Play Montney Growth Story Entered 2016 understanding and ready to address our near term challenges (non core liability concerns, facility restrictions at Birley, operating costs at Birley).…
SUPPLEMENTAL
December 1, 2016 Strip Pricing Strip (Scotia - Dec 1 EOD Report) Mc Daniel B.C. B.C. Westcoas t Wes tcoa st 1 Station 2 Sta ti on 2 WTI Propane Condens a te As s umed As sumed /Mmbtu /GJ Cushing Propane % Buta ne % Condensa te at…
Closing of Arrangement With Craft Chinook completed its previously announced plan of arrangement under the provisions of the Business Corporations Act (Alberta), involving Chinook and the shareholders of Chinook, to effect the…
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