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2Q 2019 Earnings Presentation – Chinook Energy, Inc.

Chinook Energy, Inc. · Aug 9, 2019 · 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. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 1
    August 2019 TSX: CKE
  2. 2Q 2019 Earnings Presentation – 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 21 Directly offset by significant development activity Well delineated…
  3. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 3
    Q219 Unaudited Results, 2018 Audited Year End Results 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 share issuance…
  4. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 4
    NEBC Montney Play Summary Schematic Demonstrating the Canadian NEBC Regional Infrastructure Gas Resource Play Petroleum System (50 mmcf/d) Commercial sweet spots generally have some combination of superior reservoir quality,…
  5. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 5
    Greater Birley Area Montney Recent Activity Highlights Map Historical Well Results by Lateral Length (1) 2018 vertical delineation wells Cum. Gas /100m (MMcf) Lateral Length (m) Avg. Hz Length Wells Drilled Wells Drilled drilled…
  6. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 6
    Birley Montney Reservoir Quality A A MARTIN VERTICAL WELL BIRLEY VERTICAL WELL b-2-H/94-H-5 13 km d-84-L/94-H-3 17 km A GR Log Porosity Log Resistivity Log Gas Log LS Scale 20 ohm-m Cutoff GR Log Porosity Log Resistivity Log Gas Log…
  7. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 7
    Birley Montney Prod, Pay, CGR, Press Montney Cum Production Bubbles Montney Free Condensate Gas…
  8. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 8
    BIRLEY Drilling & Completions Well Optimization Historical D&C Costs Drilling & Completion Evolution Capital Cost/100m (MM) (M) 10.0 750 Drilling 2014-2016 8.9 Phase 1 Wells ranged between 1,200-1,300m in lateral length with 18…
  9. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 9
    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…
  10. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 10
    A Montney Focused Growth Story Moderated growth plans in 2019 is not reflective of the quality of Chinooks assets at Birley/Umbach or Martin. We will resume drilling and growth based activity into stronger natural gas prices.…
  11. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 11
    SUPPLEMENTAL
  12. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 12
    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 -…
  13. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 13
    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…
  14. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 14
    CHINOOK NET ASSET VALUE 17
  15. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 15
    2019 Hedging Positions We have entered into the following hedges to secure future cash-flows: chinookenergyinc.com 18
  16. 2Q 2019 Earnings Presentation – Chinook Energy, Inc. – slide 16
    Tax Pools We have the following tax pools as at December 31, 2018: chinookenergyinc.com 19
  17. 2Q 2019 Earnings Presentation – 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

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