Skip to main content Annual General Meeting – Chinook Energy, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Annual General Meeting – Chinook Energy, Inc.

Chinook Energy, Inc. · May 16, 2018 · 17 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. Annual General Meeting – Chinook Energy, Inc. – slide 1
    2018 Annual General Meeting TSX: CKE
  2. Annual General Meeting – Chinook Energy, Inc. – slide 2
    CHINOOK OVERVIEW The Montney Assets Highlights Concentrated, development ready Montney project Minimal non-core assets after five years of rationalization Directly offset by significant development activity Well delineated land…
  3. Annual General Meeting – Chinook Energy, Inc. – slide 3
    Q118 Unaudited Results, 2017 Audited Year End Results & 2018 Guidance Q1 2018 capital program included the drilling of two (2.0 net) vertical Montney delineation wells in the Birley area, largely funded by a 2.0 million flow-through…
  4. Annual General Meeting – Chinook Energy, Inc. – slide 4
    NEBC Montney Play Summary Schematic Demonstrating the Canadian NEBC Regional Infrastructure Gas Resource Play Petroleum System Commercial sweet spots generally have some combination of superior reservoir quality, high liquids…
  5. Annual General Meeting – Chinook Energy, Inc. – slide 5
    Greater Birley Area Montney Well Count Greater Birley Activity Map 160 Historical Well Results by Lateral Length (1) 120 80 Lateral Length (m) Avg. Hz Length Wells Drilled Wells Drilled Cum. Gas /100m 2,500 100 40 (MMcf) 300 2,000…
  6. Annual General Meeting – Chinook Energy, Inc. – slide 6
    Birley Montney BIRLEY VERTICAL WELL Montney Pressure Gradient Map d-84-L/94-H-3 GR Porosity Log Resistivity Log Gas Log LS Scale 20 ohm-m Cutoff Log 3% Cutoff 13 Hz wells have all been landed here 100m of continuous pay…
  7. Annual General Meeting – Chinook Energy, Inc. – slide 7
    Birley Montney Upper & Middle Montney Pay Thickness Productivity Comparisons Birley wells avg gas rates per lateral length are as good as any in the area CGR vs. Time (Chinook Well Results) (1) Addtional15 bbl/mmcf of…
  8. Annual General Meeting – Chinook Energy, Inc. – slide 8
    BIRLEY Chinook Recent Activity OPEN MONTNEY LANDS Q1 2018 Activity Drilled & cased 2 vertical wells at Martin to evaluate the Montney on previously untested acreage and continue Chinooks lands Results remain confidential Q4…
  9. Annual General Meeting – Chinook Energy, Inc. – slide 9
    BIRLEY Drilling & Completions Well Optimization Historical D&C Costs Drilling & Completion Evolution Capital Cost/100m (MM) (M) 10.0 750 2014-2016 Drilling 8.9 Phase 1 Wells ranged between 1,200-1,300m in lateral length with 18…
  10. Annual General Meeting – Chinook Energy, Inc. – slide 10
    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…
  11. Annual General Meeting – Chinook Energy, Inc. – slide 11
    Conclusion: 2017 Now A Montney Focused Growth Story Moderated growth plans in 2018 is not reflective of the quality of Chinooks assets at Birley/Umbach or Martin. We will resume drilling and growth based activity into stronger…
  12. Annual General Meeting – Chinook Energy, Inc. – slide 12
    SUPPLEMENTAL
  13. Annual General Meeting – Chinook Energy, Inc. – slide 13
    CHINOOK RESERVES (1) Gross NPV (BTAX, December 31, 2017 NPV (BTAX, 10%) Reserves undiscounted) ( millions) ( millions) Proved - developed producing 8.1 mmboe 54.3 44.0 Proved - non-producing 0.3 mmboe 3.9 2.5 Proved -…
  14. Annual General Meeting – Chinook Energy, Inc. – slide 14
    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…
  15. Annual General Meeting – Chinook Energy, Inc. – slide 15
    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…
  16. Annual General Meeting – Chinook Energy, Inc. – slide 16
    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…
  17. Annual General Meeting – Chinook Energy, Inc. – slide 17
    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

From the store

Browse maps, data & reports in the Shale Experts store