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Annual General Meeting Presentation – Chinook Energy, Inc.

Chinook Energy, Inc. · May 15, 2019 · 13 slides

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Slides

  1. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 1
    2019 Annual General Meeting TSX: CKE
  2. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 2
    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…
  3. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 3
    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.…
  4. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 4
    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…
  5. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 5
    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…
  6. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 6
    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…
  7. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 7
    SUPPLEMENTAL
  8. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 8
    CHINOOK RESERVES (1) Gross NPV (BTAX, December 31, 2018 NPV (BTAX, 10%) Reserves undiscounted) ( millions) ( millions) Proved - developed producing 6.8 mmboe 33.7 27.1 Proved - non-producing 0.1 mmboe 0.1 0.1 Proved -…
  9. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 9
    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…
  10. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 10
    CHINOOK NET ASSET VALUE 13
  11. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 11
    2019 Hedging Positions We have entered into the following hedges to secure future cash-flows: chinookenergyinc.com 14
  12. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 12
    Tax Pools We have the following tax pools as at December 31, 2018: chinookenergyinc.com 15
  13. Annual General Meeting Presentation – Chinook Energy, Inc. – slide 13
    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…

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