Our business plan is to create sustainable and profitable growth in reserves, production and cash flow in the oil and natural gas industry in the Western Canadian Sedimentary Basin (“WCSB”).
Chinook’s mandate since inception has been to identify and secure a balanced portfolio of exploration and exploitation opportunities in proven areas that are characterized by competitive fiscal terms, and an abundance of opportunities.
2017 marked a successful year for us as we moved from delineation to exploitation of our Birley/Umbach property. In early 2014, we drilled our first Montney test well at Birley at a time when others were not entirely convinced of its prospectivity. The results of that test well, along with our follow up wells, confirmed the presence of a large Montney resource and established a large drilling inventory for Chinook. Subsequent to our Birley discovery, we began to streamline our business by divesting of our international assets in Tunisia and transacting on all our non-core Alberta assets through either cash dispositions or share transactions.
- Montney discovery at Birley/Umbach in Northeastern British Columbia
- Strategic acquisition within the Company’s core areas
Our Focus Areas
Our focus areas include major properties at Birley/Umbach