GREY:CNKEF - Post by User
Comment by
stockfyon Sep 22, 2017 4:22am
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Post# 26729365
RE:VALUE DIGGER comments on CKE's impressive Montney results
RE:VALUE DIGGER comments on CKE's impressive Montney results As also quoted in the new Presentation in slide 11 with the expansion of the gas compressor capacity:
" Growth potential beyond 75 mmcf/d…this illustrates only 15% of Chinook's existing Upper Montney drilling inventory".
stockfy wrote: I quote Value Digger's comment on CKE's Montney results:
All,
Excellent results from the 4 Montney wells were just out.
High IPs, significant condensate volumes (~20%) while the total cost per well remains low.
Actually,
the total cost per well is at the low end of the range with the costs of the Montney wells, while the IP results are at the high end of the range with all the Montney results from all the Montney producers.
As a result, CKE will reach the guidance of 6,300 boepd in December 2017 and it could even exceed it.
We will see significant
production growth in Q4 2017 along with significant
reserves YoY Growth in early 2018.
21 Sep 2017, 10:25 AM
The full article:
https://seekingalpha.com/article/4089454-market-giving-chinook-energy-chance