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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Chinook Energy Inc. Common CNKEF

Energy Oil & Gas E&P


GREY:CNKEF - Post by User

Chinook Energy Inc. Common > CKE proforma Tournament and LXE, TET, NVA, SRX
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Comment by Miner1967on Jun 16, 2016 7:46am
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Post# 24970155

RE:RE:RE:CKE proforma Tournament and LXE, TET, NVA, SRX

RE:RE:RE:CKE proforma Tournament and LXE, TET, NVA, SRX
There are tolls when a company uses Alliance. All the companies pay these tolls, there is no free lunch. But the final price they get is higher than what they get from AECO or BC Station 2. This is the key by using Alliance. 
 
 
Proforma the Tournament deal, debt-free CKE separates its Montney from its legacy non-Montney assets. Great strategic move. Contact the company to confirm it if you want. 
 
 
CKE now becomes a pure Montney play and focuses on its Montney assets in Birley/Umbach next to Storm Resources (SRX) etc. (see the presentation map) and in Gold Creek/Knopcik next to privately-held CIOC (Canadian International Oil Corporation) that was bought out by US-fund Riverstone Seneca in December 2015. 

Check CIOC's news, they have superb drilling results in Montney/Gold Creek:

https://www.cioc.com/news/2015
 

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