Chinook Overview Pure Play Montney Our Montney Assets Concentrated, development ready Montney project Minimal non-core assets after five years of rationalization 21 Directly offset by significant development activity Well…
Montney Infrastructure Review NEBC Regional Infrastructure Birley area Montney boasts some of the highest reservoir quality in the region and is shallower in nature (reducing drill costs) but deep enough to remain over-pressured.…
Greater Birley Area Montney Recent Activity Highlights Map Historical Well Results by Lateral Length (1) 2018 vertical delineation wells Cum. Gas /100m drilled through the Montney at Martin, (MMcf) Lateral Length (m) Avg. Hz Length…
Economics What Price Do We Need 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 2.00/GJ, Cond 73.50/ Bbl, Prop 28.00/Bbl, But 46.20/bbl IP90 1,077…
Opportunities and Near Term Challenges Opportunities Near Term What Improves the Strength of Chinook New office lease commencing in June 2019 will result in annual cash cost savings of 2.0 million or approximately 1.80/boe. New gas…
CHINOOK FINDING & DEVELOPMENT COSTS Net of Acquisitions & Dispositions(2) All-In(3) ( millions, except per unit amounts) 1P 2P 1P 2P 2018 capital expenditures (1) 2.9 2.9 3.6 3.6 Net change from previously allocated FDC 11.2…
CHINOOK NET ASSET VALUE 13
2019 Hedging Positions We have entered into the following hedges to secure future cash-flows: chinookenergyinc.com 14
Tax Pools We have the following tax pools as at December 31, 2018: chinookenergyinc.com 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…