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March 2018 Corporate Presentation – Chinook Energy, Inc.

Chinook Energy, Inc. · Mar 29, 2018 · 20 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. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 1
    March 2018 TSX: CKE
  2. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 2
    2017 Summary Highlights: Today we are a Montney focused company with a healthy balance sheet. Up to the end of 2017 we had drilled and completed 13 (11.23 net) wells on our Birley/Umbach properties During 2017, we completed the…
  3. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 3
    2017 Year End Results & 2018 Guidance For the first half of 2018 our capital program of 3.4 million included the drilling of two (2.0 net) vertical delineation wells in the Birley/Umbach area as well as other minor expenditures. This…
  4. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 4
    Birley Program 13 Hz wells Working On Prod Drill Lateral Frac'd Stage Location Interest Date TD Time Length Ports Stages Spacing IP30 Gas IP30 CGR IP60 Gas IP60 CGR IP90 Gas IP90 CGR IP120 Gas IP120 CGR IP180 Gas IP180 CGR IP365 Gas…
  5. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 5
    NEBC Montney Play Summary BIRLEY 75 DSUs* of Montney rights (64 net) along the eastern edge of the Montney over-pressured liquids rich fairway. 13 Hz Montney wells (11.2 net) on 4 different pads, producing into a newly expanded 50…
  6. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 6
    Birley Area Montney Geology BIRLEY WELL d-84-L/94-H-3 GR Log Porosity Log Resistivity Log Gas LS Scale 20 ohm-m Cutoff Log 3% Cutoff Upper Montney is always pay, slight variations in porosity 25m pay (generally 6-12%), perm is…
  7. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 7
    Birley Area Montney Geology Gross pay isopach of Upper and Middle Montney combined is 70m Upper Montney at Birley is 20m 30m thick 110m at Birley, this illustrates why the Birley wells are strong producers UPPER MONTNEY ISOPACH…
  8. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 8
    BIRLEY Chinook Activity Q1 2018 Activity OPEN MONTNEY Drilled & cased 2 vertical wells at Martin to evaluate the Montney on previously untested acreage and continue Chinooks lands LANDS Results are confidential until 2019 Q4 2017…
  9. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 9
    BIRLEY Chinook Hz Well Prod Data Avg Daily Gas Rates IP gas rates have ranged from 3.6 5.5 mmcf/d (often tubing restricted) LIQUIDS Free Condensate/Gas Ratio (FCGR) for first 9 Birley wells is 11.4 bbl/mmcf , with another…
  10. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 10
    BIRLEY Chinook Hz Well Prod Data Cal Daily Gas Rates per 100m of Hz vs Cum Gas Industry trending toward drilling longer Hzs to improve well performance and recoveries Recent Birley wells were increased 2P EURs to 1,800m length,…
  11. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 11
    BIRLEY Hz Well Comparisons with Area Operators Cum Gas vs Producing Avg Daily Gas Rate per 100m of Time Company A Hz (zero production months removed for all wells) Chinook Avg Hz Recent Hzs Company B Company A 1,800m 2,200m Company…
  12. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 12
    BIRLEY Drilling & Completions Overall well costs increased slightly in H2/17 with longer Hzs and more frac stages, but cost per stage continued to improve chinookenergyinc.com 14
  13. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 13
    BIRLEY Well Economics Birley Montney CKE Type Well Unrisked Economics1 1,800m HZ w 35 Frac Stages, Well On Existing Pad (No Const Costs)2 Flat Pricing - STN 2 1.89/GJ, Cond 78/ BBL (March 5/18 spot) IP90 1,053 BOE/D 5.3 mmcf/d + 165…
  14. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 14
    Conclusion: 2017 Now A Montney Focused 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 frac…
  15. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 15
    SUPPLEMENTAL
  16. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 16
    CHINOOK RESERVES (1) Gross NPV (BTAX, December 31, 2017 NPV (BTAX, 10%) Reserves undiscounted) ( millions) ( millions) Proved - developed producing 8.1 mmboe 54.3 48.9 Proved - undeveloped 10.2 mmboe 77.5 52.1 Total 1P…
  17. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 17
    CHINOOK FINDING & DEVELOPMENT COSTS Net of Acquisitions & Dispositions(2) All-In(3) ( millions, except per unit amounts) 1P 2P 1P 2P 2017 capital expenditures (1) 39.4 39.4 21.6 21.6 Net change from previously allocated FDC 9.5…
  18. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 18
    Flow-Through Share Issuance On December 11, 2017, we completed the private placements of 6,450,000 common shares on a flow-through basis at a price of 0.31 per flow-through common share for total gross proceeds of 2.0 million. The…
  19. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 19
    2018 Hedging Positions We have entered into the following hedges to secure cash-flow: Indexed Notional CKEs Received Contractual Term Price volumes Price Chicago 6,000 US2.68/mmbtu February 1, 2018 to March 31, 2019 City Gate…
  20. March 2018 Corporate Presentation – Chinook Energy, Inc. – slide 20
    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

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