Chinook Energy Inc. Common CNKEF

RE:CKE's Quarterly CF will jump sequentially by year end

[Miner1967]

So let's see what this first quarter's results will bring. Keep in mind that is a transitional quarter, as described below.

Miner1967 wrote:

In Q1 2017, CKE's three latest Montney wells completed in February flow for only half quarter and also flow at restricted rates because CKE's compressor is filled to capacity, as quoted below:

 

"With 9 (7.63 net) wells on production in mid-March at partially restricted rates, the 25 mmcf/d compressor built in 2016 is filled to capacity."

 

These capacity constraints make CKE expand it from 25 to 50 mmcf/d in the next weeks. 

 

In Q2 2017, CKE's three Montney wells completed in February will flow for a full quarter at restricted rate though, because the compressor expansion will not be ready.

 

In Q3 2017, CKE's three Montney wells completed in February will flow for a full quarter at unrestricled rates because the compressor expansion will be ready. Also, CKE's quarterly cash flow will get a second boost because the new 4 Montney wells will be completed in mid-Q3, as quoted below:

 

 

• " We have commenced construction of a new drilling pad to drill four (3.67 net) wells through spring break-up and will complete all four shortly after spring break-up. "

 

In Q4 2017, CKE's three Montney wells completed in February and the four Montney wells completed after spring break-up will flow for a full  quarter at unrestricted rates resulting in another boost in cash flow and another boost on the 2P Reserves in December 2017.