Chinook Energy Inc. Common CNKEF

RE:CKE's Quarterly CF will jump sequentially by year end

[George98]

excellent post for the proactive investors, thanks miner. 

ferrett_ca, I'm still here. But it's a waste of time to respond to your comments. You have 131 ignores, it's enough. Good bye.

Miner1967 wrote:

CKE's exited 2016 at 3,000 boepd (unconsolidated, proforma the Craft spinoff) and will exit 2017 at 6,300 boepd while remaining debt-free according to the latest guidance. No debt, nothing and this must not be downplayed. This is a 110% production growth, which is unique in the energy space. See also this:

 

In Q1 2017, CKE's three latest Montney wells completed in February flow for only half quarter and also flow at restricted rates because CKE's compressor is filled to capacity, as quoted below:

 

"With 9 (7.63 net) wells on production in mid-March at partially restricted rates, the 25 mmcf/d compressor built in 2016 is filled to capacity."

 

These capacity constraints make CKE expand it from 25 to 50 mmcf/d in the next weeks. 

 

In Q2 2017, CKE's three Montney wells completed in February will flow for a full quarter at restricted rate though, because the compressor expansion will not be ready.

 

In Q3 2017, CKE's three Montney wells completed in February will flow for a full quarter at unrestricled rates because the compressor expansion will be ready. Also, CKE's quarterly cash flow will get a second boost because the new 4 Montney wells will be completed in mid-Q3, as quoted below:

 

 

• " We have commenced construction of a new drilling pad to drill four (3.67 net) wells through spring break-up and will complete all four shortly after spring break-up. "

 

In Q4 2017, CKE's three Montney wells completed in February and the four Montney wells completed after spring break-up will flow for a full  quarter at unrestricted rates resulting in another boost in cash flow and another boost on the 2P Reserves in December 2017.