Chinook announced a divestiture of its non-Montney assets to Tournament Exploration for a ~70% shareholding in a recapitalized entity, the stock of which will eventually be dividended out to Chinook shareholders. Most importantly, this now isolates Chinook as a pure Montney levered growth vehicle, characterized by production of ~2,675 boe/d (19% oil & NGLs), 18.3 mmboe 2P of reserves, and 175 (122 net) sections of Montney prospective lands, coupled with the preservation of a strong balance she ....
14 Jun 2016
Chinook Energy Announces Further Divestitures, Consolidation to Montney Pure-Play
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Chinook Energy Announces Further Divestitures, Consolidation to Montney Pure-Play
CHINOOK ENERGY (CKE:TSE) | 0 0 -5.0% | Mkt Cap: 44.7m
- Published:
14 Jun 2016 -
Author:
Robert Fitzmartyn -
Pages:
9
Chinook announced a divestiture of its non-Montney assets to Tournament Exploration for a ~70% shareholding in a recapitalized entity, the stock of which will eventually be dividended out to Chinook shareholders. Most importantly, this now isolates Chinook as a pure Montney levered growth vehicle, characterized by production of ~2,675 boe/d (19% oil & NGLs), 18.3 mmboe 2P of reserves, and 175 (122 net) sections of Montney prospective lands, coupled with the preservation of a strong balance she ....