Nice summary here.Posted in Dec Currently, more than 10,000 boepd in production, including the shut-in production and the 3 behind-pipe Montney wells that were drilled in October 2015.
The 3 new Montney wells will be connected into the system in Q1 2016.
The plant will also start its operations in January 2016.
4 oily Dunvegan wells will be drilled in Q1 2016, and they will flow by April 2016. By then, the oil price will be higher than today.
CKE exits 2015 with Zero debt and about C$27 million Cash.
Al this is sold now for C$65 million Enterprise Value while several recent Montney deals value CKE higher than C$2 per share. No fiction, just facts.
Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.cke/chinook-energy-inc#uQ802XuKgiOiTxex.99