Chinook reported second quarter financial and operating results that were well below forecast, with scheduled downtime exacerbated by takeaway restrictions not unlike other E&Ps reporting for this period. Retaining a very strong balance sheet, Chinook will accelerate the Birley/Umbach expansion (+26 mmcf/d) into 4Q15e after temporarily deferring it into mid-2016e, though an initial supply of 6 wells is unlikely to fill a combined 36 mmcf/d nameplate capacity.
12 Aug 2015
Chinook Announces Second Quarter 2015 Results and Expansion of 2015 Capital Program
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Chinook Announces Second Quarter 2015 Results and Expansion of 2015 Capital Program
CHINOOK ENERGY (CKE:TSE) | 0 0 -5.0% | Mkt Cap: 44.7m
- Published:
12 Aug 2015 -
Author:
Robert Fitzmartyn -
Pages:
7
Chinook reported second quarter financial and operating results that were well below forecast, with scheduled downtime exacerbated by takeaway restrictions not unlike other E&Ps reporting for this period. Retaining a very strong balance sheet, Chinook will accelerate the Birley/Umbach expansion (+26 mmcf/d) into 4Q15e after temporarily deferring it into mid-2016e, though an initial supply of 6 wells is unlikely to fill a combined 36 mmcf/d nameplate capacity.