Peters & Co. Limited TSX: CKE September 2017 Toronto Conference
Strategy Checklist Cost Control: We have made great strides over the past 12 months to improve our cost structure including: Executing a new gas handling agreement at Birley/Umbach Reducing our drilling and completing costs of the…
H117 Unaudited Results & 2017 Guidance 40 million capital program for 2017 including the drilling, completion and tie-in of four (3.63 net) Birley wells prior to December 31, 2017 in addition to the three (2.64 net) wells completed,…
Current Birley Drilling Program During Q217 we drilled a four (3.63 net) well program on our D-93-F pad. Completion of all four wells is expected to occur during Q317 and on-stream in Q417: A-081-F/094-H-03 (0.82 net) 1,800m lateral…
NEBC Montney Play Summary Chinook owns 70 (59 net) DSUs of Montney rights at BRITISH COLUMBIA Birley, along the shallow edge…
BIRLEY Chinook Activity Q1 Q2 2017 Activity Completed, tested, and tied-in the three (2.64 net) wells drilled in Q416 (shown in blue) 9 (7.63 net) Birley Hz wells producing since mid-March Drilled 4 (3.63 net) Hz wells in Q2 (shown…
BIRLEY CKE HZ Well Performance All fracs in 9 (7.63 net) CKE Hzs completed to date have been 65 tons, 65m spacing, nitrified slickwater, open hole ball drop. 4 (3.63 net) new Hz wells drilled in Q217, with completions in Q317. 2…
BIRLEY CKE HZ Well Performance Prod data to Jan/17 Chinook 1,200m Hzs (5) Chinook 1,600m Hzs (4) Company A (45 wells) Company B (6 wells) Company C (27 wells) Company D (38 wells) Recent industry wells (Q315 - present) are…
BIRLEY Production Growth Potential *All values are presented as total gross (Chinook averages 84%WI at Birley), 2017-2019 are estimates Growth potential beyond 75 mmcf/d this illustrates only 15% of Chinook's existing Upper…
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…
Conclusion: 2017 Now A Pure Play Montney Growth Story Entering 2017 we moved away from non-core asset sales mode and into organic growth mode at Birley. Optimizing drilling and completion operations with longer laterals and more…
SUPPLEMENTAL
2017 Hedging Positions We entered into the following hedges to secure cash-flow and protect our 2017 capital program: Indexed Notional CKEs Contractual Term Price volumes Received Price AECO 7,500 GJ/d 3.205/GJ January 1, 2017 to…
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