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CORPORATE PRESENTATION – Chinook Energy, Inc.

Chinook Energy, Inc. · Mar 1, 2015 · 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. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 1
    March, 2015
  2. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 2
    Flexibility & Optionality Throughout 2015 Chinook has a 70 million working capital surplus and is undrawn on its 125 million credit facility going into a potentially active M&A market in 2015 Canada 2015 - 45 Million Capital…
  3. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 3
    Capitalization & Market Value As at March 3, 2015, unless noted Share price 1.36 6% Shares outstanding 215.1 million 37% Market capitalization 292.5 million 57% Net Debt (Surplus) (Jan/15-est.) (70.0) million Enterprise Value…
  4. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 4
    2014 & 2015 Production & Capex Guidance Disposition of Karr and Gilby properties on Dec 16/14 and Jan 6/15 represented approx. 1,500 boe/d of 2014 volumes. 2014 Avg excluding Karr and Gilby is 6,300-6,400 boe/d. 2015 Updated 2014…
  5. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 5
    CKE Focus Areas Birley/Umbach & Gold Ck. BC AB Montney Focused Development in 2015 5 Hz Montney locations (all operated) 4 (3.6 net) wells at Birley/Umbach BIRLEY/UMBACH 1 (0.75 net) wells at Gold Creek (Montney) Dunvegan oil…
  6. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 6
    Birley/Umbach Area MONTNEY REGIONAL MAP CKE owns 65 (54 net) sections of Montney rights at Birley/Umbach YE 2014 reserve report has: CARMEL BAY 2 (1.5 net) PDP locations booked BIRLEY AREA MAP 3 (2.75 net) PUD locations booked…
  7. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 7
    2015 Birley Program Using McDaniels Jan 1, 2015 Pricing Below CHINOOK MARTIN CREEK GAS PLANT 20 mmcf/d capacity 10 mmcf/d currently Flows to McMahon PAD 7 PAD 4 Birley Montney Type Well CKE Internal Economic Estimates…
  8. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 8
    Birley Economics Upper Zone Only No Mid or Lwr Montney locations are planned for 2015, no reserves booked Plan to develop Upper Montney at 4 Two (1.5 net) new Upper Montney Hz wells on prod in 2014 Hz wells/section…
  9. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 9
    Birley/Umbach Growth Potential (10MM gross spend for facility ) (25MM gross spend for facility and pipeline) Developing property beyond 60 mmcf/d will justify construction of a gas processing plant which would transport gas…
  10. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 10
    Grande Prairie Area - Montney KNOPCIK A 34 gross sections (15 net) Gold Creek and Knopcik areas in Montney oil/very high ELMWORTH liquids window Recent offsetting wells reported Oil rates up to 1,500 bopd (3,500 BOE/D) WAPITI…
  11. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 11
    ECONOMICS & SENSITIVITIES Using McDaniels Jan 1, 2015 Pricing 200 Gold Creek Area - Montney 180 160 140 120 ROR = 52% ROR (%) 100 80 60 40 20 Currently one (0.37 net) well budgeted 0 for 2015, with plan and ability to…
  12. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 12
    Transformational 2014 Provides Flexibility & Optionality in 2015 Started 2014 with a diverse asset base in Canada and North Africa Disposed of North Africa business unit and several non-core Canadian assets in advance of a commodity…
  13. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 13
    Experienced Leadership Management Board of Directors Walter Vrataric President & CEO Jill T. Angevine Tim Halpen COO Donald Archibald Vice President, Finance & Matthew J. Brister Jason Dranchuk CFO Stuart G. Clark Darrel Zacharias…
  14. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 14
    Analyst Coverage TSX: CKE Firm Analyst AltaCorp Capital Inc. Patrick ORourke Cormark Securities Garret Ursu Dundee Capital Markets Geoff Ready FirstEnergy Capital Robert Fitzmartyn GMP Securities Grant Daunheimer Mackie Research…
  15. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 15
    Chinook Reserves (1) Gross NPV (BTAX, December 31, 2014 NPV (BTAX, 10%) Reserves undiscounted) ( millions) ( millions) Proved - developed 13.6 mmboe 229.7 157.6 producing Proved - 2.0 mmboe 27.1 7.7 undeveloped Total 1P…
  16. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 16
    Chinook Reserves (1) (1) As independently evaluated effective December 31, 2014. 19
  17. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 17
    Chinook Finding & Development Costs NI 51-101(2) All-In(3) ( millions, except per unit amounts) 1P 2P 1P 2P 2014 capital expenditures (1) 77.5 77.5 63.4 63.4 Net change from previously 6.8 19.9 5.9 13.6 allocated FDC Total…
  18. CORPORATE PRESENTATION – Chinook Energy, Inc. – slide 18
    2015 Hedging Positions 2015 Hedging Positions Company Indexed Price Notional Volumes Period Received Price AECO 5,000 GJ/d 3.50/GJ Jan 1/15 to Dec 31/15 21

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