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 The drilling cost per metre of our four latest…
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,…
Birley/Umbach Program Gross test results and production from our Birley/Umbach property is as follows: Final 24 Hour Final 24 Hour Final 24 Hour Working Lateral Frac'd Flow 24 Hour Test Average Test Average Test Average Test IP30 IP60…
NEBC Montney Play Summary BRITISH COLUMBIA Chinook owns 73 (62 net) DSUs* of Montney rights at ALBERTA Birley, along the eastern edge…
BIRLEY Chinook Activity 2017 Activity Q117: Completed, tested, and tied-in the three (2.64 net) wells drilled in Q416, on production in Q217 Q2-Q317: Drilled, completed, tested, equipped and tied-in four (3.63 net) Hz wells on a new…
BIRLEY CKE HZ Well Performance All fracs in first 9 (7.60 net) CKE Hzs were 65 tons, 65m spacing, nitrified slickwater, open hole ball drop. 4 (3.63 net) new Hz wells drilled in 2017 (2 - 1,600m Hzs w 30 fracs, 2 1,800m Hzs w 35…
BIRLEY Production Growth chinookenergyinc.com 10
BIRLEY Well Economics ECONOMIC SENSITIVITIES Birley Montney Type Well Unrisked Economics 1,800m HZ w 35 Frac Stages, Well On Existing Pad (No Const Costs)* Flat Pricing - AECO 2.50/GJ, STN 2 2.00/GJ, Cond 61.50 / BBL IP90 1,020…
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