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Chinook Energy Inc Lowers FY 2013 Production Guidance

Tuesday, 26 Feb 2013 06:05pm EST 

Chinook Energy Inc announced that as a result of higher initial water cuts associated with the most recent horizontal wells drilled on the BBT Concession, coupled with delays in commencement of the 2013 BBT Concession drilling program, the Company has revised its guidance for fiscal 2013 from the initial 2013 guidance which was provided on November 13, 2012. For fiscal 2013, the Company noe expects production to be in the range of 9,500-10,200 boe/d (initial production guidance for fiscal 2013 was 10,800-11,500 boe/d). 

Company Quote

-0.02 -1.56%
24 Dec 2014