Chinook Energy Inc. Common CNKEF

CKE: NEW Presentation, Production Growth (5,400 boepd)

[George98]

November 2016 presentation is out. 

We will receive Craft shares in December and then CKE will trade as a pure Montney Producer and the reports will be UNCONSOLIDATED.

See also the new production guidance with production reaching 5,400 boepd in March 2017 thanks to the 3 new Montney wells in Birley.  See their locations in slide 8. 

Don't forget that the 3 new Montney wells will also increase CKE's 2P reserves because they are drilled BEFORE December.

BBI makes new highs today. And If CKE had BBI's valuation per boepd and per boe of 2P reserves, CKE would stand now at C$2.50.

See also Blackbird (BBI) that drills in the Pipestone area just few miles far from CKE's Montney assets. BBI's wells cost C$5.5 million while CKE's Montney wells cost just C$4.5 million, see the new presentation. 

See CKE's Montney properties in Gold Creek and Knopcik in the new Presentation. See slide 14. They are in the same Pipestone corridor next to BBI's. You can see BBI's wells in the map (slide 14) too:


https://www.chinookenergyinc.com/wordpress/wp-content/uploads/2016/11/CKE-Nov-2016-Presentation_Final.pdf