CKE: New February 2019 Presentation is outCKE just expanded its Montney acreage at Martin Creek! See slide 5 with the 2 new sections in yellow recently leased at Martin Creek after the 2 vertical wells showed very good results.
CKE actually expanded its existing contiguous, concetrated land base in the area, which helps longer laterals, so it helps operational and capital efficiencies.
See also slide 8 with the increased leasing activity in Martin Creek area since Chinook’s two
vertical wells came off confidential status this summer.
See also slide 10, CKE's Montney acreage sits at a 30-50 bbl/mmcf Fairway and see slide 12 where ROR for its Condensate-rich Montney wells is 76% with Station 2 at just CAD$2.36 per GJ:
https://www.chinookenergyinc.com/wordpress/wp-content/uploads/2019/02/CKE-Feb-2019-Presentation_Posted-to-Web.pdf
Station 2 closed above CAD$3 per GJ yesterday. See also slide 18 with CKE's oil hedges for the remainder of 2019.
CKE has hedged some of its oil volumes at CAD$84 per bbl!