Chinook Energy Inc. Common CNKEF

RE:RE:Q2 Thursday....Interesting times

[backabock]

stockfy wrote: The company didn't complete and didn't connect any new wells in Q2. So without including any impact from the pipelines outages that affected many Canadian producers in Q2, the AVERAGE Q2 production was about 3,500 boepd, no material change from Q1.

We will see the first production growth in Q3 and production growth will be very strong in Q4 when all the 4 wells that are currently being drilled are completed and connected.

I believe they would be completing wells in Q3 and almost certainly not connecting until Q4. Given current market conditions, accelerating the production schedule is unlikely, so their previous guidance of Q4 will hold.  I do not expect surprises.

I do expect (or hope for) some management discussion on mitigation strategies for low station 2 prices.