Chinook released fourth quarter financial results that were in line with our forecast along with formal 2016e guidance lower than our priorities mates. Formal 2016e guidance includes a $22.5 mm capital program at midpoint that is anticipated to generate averages volumes of 5,750 boe/d at midpoint, with a midpoint exit rate of 7,400 boe/d. Our 2016e and 2017e forecasts are lower with production down 27% and 10%, respectively, reflecting a minimal and contingent capital program along with volunta ....
09 Mar 2016
Announces Year-End Results and Conservative 2016 Capital Program
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Announces Year-End Results and Conservative 2016 Capital Program
CHINOOK ENERGY (CKE:TSE) | 0 0 -5.0% | Mkt Cap: 44.7m
- Published:
09 Mar 2016 -
Author:
Robert Fitzmartyn -
Pages:
6
Chinook released fourth quarter financial results that were in line with our forecast along with formal 2016e guidance lower than our priorities mates. Formal 2016e guidance includes a $22.5 mm capital program at midpoint that is anticipated to generate averages volumes of 5,750 boe/d at midpoint, with a midpoint exit rate of 7,400 boe/d. Our 2016e and 2017e forecasts are lower with production down 27% and 10%, respectively, reflecting a minimal and contingent capital program along with volunta ....