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December 2019 Investor Presentation – Chinook Energy, Inc.

Chinook Energy, Inc. · Dec 13, 2019 · 18 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. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 1
    December 2019 TSX: CKE
  2. December 2019 Investor 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 20 Directly offset by significant development activity Well delineated…
  3. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 3
    Initiation of Strategic Review Process With the expected strengthening of our operating cash flows, in part resulting from the pending return to 100% capacity of the Enbridge T-South pipeline in November 2019, the anticipated…
  4. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 4
    Nine Months Ended September 2019 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…
  5. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 5
    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,…
  6. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 6
    Greater Birley Area Montney Recent Activity Highlights Map Historical Well Results by Lateral Length (1) Montney rights purchased around Martin Cum. Gas /100m area since Chinooks vertical wells came Tourmaline Montney Hz well (MMcf)…
  7. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 7
    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…
  8. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 8
    Birley Montney Prod, Pay, CGR, Press Montney Cum Production Bubbles Montney Free Condensate Gas…
  9. December 2019 Investor Presentation – 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 Drilling 2014-2016 8.9 Phase 1 Wells ranged between 1,200-1,300m in lateral length with 18…
  10. December 2019 Investor Presentation – 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. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 11
    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.…
  12. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 12
    SUPPLEMENTAL
  13. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 13
    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 -…
  14. December 2019 Investor Presentation – 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 2018 capital expenditures (1) 2.9 2.9 3.6 3.6 Net change from previously allocated FDC 11.2…
  15. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 15
    CHINOOK NET ASSET VALUE 18
  16. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 16
    2019 Hedging Positions We have entered into the following hedges to secure future cash-flows: chinookenergyinc.com 19
  17. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 17
    Tax Pools We have the following tax pools as at December 31, 2018: chinookenergyinc.com 20
  18. December 2019 Investor Presentation – Chinook Energy, Inc. – slide 18
    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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