Chinook Energy is pleased to announce the following non-core asset disposition and its capital program and guidance for 2017. Disposition of Non-Core Knopcik/Pipestone Assets On January 23, 2017, Chinook completed the sale of certain of its non-core assets located in the Knopcik/Pipestone area of Alberta (the "Knopcik/Pipestone Assets") for net consideration of approximately $7.5 million, subject to customary closing [...]
CALGARY, ALBERTA--(Marketwired - Feb 7, 2017) - Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) today announced its unaudited 2016 year end results and the results of its year end reserve evaluation effective December 31, 2016 as prepared by its independent evaluator. Chinook's audit of its 2016 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in [...]
CALGARY, ALBERTA--(Marketwired - Feb 1, 2017) - Chinook Energy Inc. (TSX:CKE) ("Chinook") is pleased to announce that, further to its news release dated January 4, 2017, it has completed the disposition of certain assets located in the Gold Creek area of Alberta ahead of its previously announced closing date of February 20, 2017. The disposition included 15.6 net sections of land and related pipeline and production [...]
CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") announced today that each of Donald Archibald, Matthew Brister and Stuart Clark, directors of the Company, have advised the Board of Directors of the Company that they will not be standing for re-election at the Company's annual and special meeting of shareholders to be held on May 11, 2017 (the "Meeting"). The [...]
CALGARY, ALBERTA--(Marketwired - Jan. 4, 2017) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") is pleased to provide the following operational and corporate update. Drilling Update Chinook has successfully completed its three well (2.62 net) drilling program at Birley/Umbach, announced on November 9, 2016. The drilling of these wells was completed on schedule and under budget by approximately 26% with average [...]
Chinook Energy is pleased to announce that it has completed its previously announced plan of arrangement under the provisions of the Business Corporations Act (Alberta) involving Chinook and the shareholders of Chinook. The Arrangement was approved by 99.98% of the votes cast by shareholders present in person or represented by proxy at Chinook's special meeting of shareholders (the "Meeti...
Chinook Energy is pleased to announce that it has mailed an information circular and proxy statement and related meeting materials (collectively, the "Meeting Materials") in connection with the special meeting of the shareholders of Chinook currently scheduled to be held at the offices of Burnet, Duckworth & Palmer LLP, Suite 2400, 525 - 8th Avenue S.W., Calgary, Alberta, at 9:00 a.m. (Calgary time) on December 12, 20...
CALGARY, ALBERTA--(Marketwired - Nov 9, 2016) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its third quarter 2016 financial and operating results and three well Birley drilling program. Our operational and financial highlights for the three and nine months ended September 30, 2016 are noted below and should be read in conjunction with our condensed consolidated financial [...]
Chinook Energy announced today that further to its news release dated October 17, Craft Oil Ltd., an approximate 70% owned subsidiary of Chinook, has completed the previously announced asset disposition for gross proceeds of $13.5 million, comprised of $9.0 million cash and $4.5 million of tradeable debentures. For further details regarding the Asset Disposition, please see Chinook's October 17, 2016 news release, a copy [...]
Chinook Energy announced today that it will undertake a plan of arrangement under the Business Corporations Act (Alberta) to effect the distribution of all of the common shares of Craft Oil Ltd. acquired by Chinook pursuant to the asset divestiture to Craft announced on June 13, 2016. Pursuant to the Arrangement, a new...
CALGARY, ALBERTA--(Marketwired - Aug 10, 2016) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its second quarter financial and operating results. Our operational and financial highlights for the three and six months ended June 30, 2016 are noted below and should be read in conjunction with our condensed consolidated financial statements for the three and six months ended June 30 [...]
CALGARY, ALBERTA--(Marketwired - Aug 2, 2016) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") announced today that it has initiated a review of strategic alternatives, which may include, among other things, a review of acquisition opportunities to expand its core Montney asset base, or establish a new core of operations. Chinook will also entertain merger, sale, joint venture or other opportunities that will [...]