Peters' Info, November 2016 Guidance and Increased Surplus shneps, Chinook's actual info from Peters' memorandum has ALREADY been included into Seeking Alpha's articles below.
On a side note, nat gas price has been hovering above US$3.5/MMBtu in the US and will remain above US$3.5/MMbtu in 2017, while CKE has been selling since Q3 about half of its nat gas volumes from British Columbia to Chicago Citygate at these great prices.
Additionally, CKE has made a new gas handling agreement since Q3 and sells ALL its remaining nat gas volumes from British Columbia with an increased netback of CAD$2.70/boe.
As a result, debt-free CKE, now as a pure Montney producer proforma the spin-off, will exit 2016 and will exit March 2017
with MORE working capital surplus than initially projected in the guidance of November 2016 below. But only the forward thinkers can realize this key fact.
Our guidance for the Chinook 2016 fourth quarter and the 2017 first quarter pro-forma the Arrangement and the three well Birley/Umbach capital program is as follows:
| ($ millions, except boe/d) |
|
Q4 2016 Guidance |
| Production (boe/d) |
|
|
2,983 |
| Exit production (boe/d) |
|
|
3,482 |
| Capital expenditures |
|
$ |
5.5 |
| Net surplus as at December 31, 2016 |
|
$ |
13.0 |
|
|
|
|
|
|
|
|
| ($ millions, except boe/d) |
|
|
Q1 2017 Guidance |
| Exit production (boe/d) |
|
|
5,357 |
| Capital expenditures |
|
$ |
9.7 |
| Net surplus as at March 31, 2017 |
|
$ |
4.8 |
See SA articles with Peters Memorandum charts, graphs and information:
Seeking Alpha: CKE is A Unique Value In The Montney Fairway
and
https://seekingalpha.com/article/4012163-chinook-energy-montney-deals-peers
and
https://seekingalpha.com/article/4010095-chinook-energy-undiscovered-montney-gem-potential-triple
it seems to me that you haven't read the free SA articles about CKE.