Chinook Energy Announces Closing of Gilby Asset Disposition

Share Email this page  |  Print page  |  Share Share this page
 

CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook") is pleased to announce that, further to its news release dated December 2, 2014, it has completed the disposition of certain assets located in the Gilby area of Alberta for gross proceeds of $30.8 million, before customary closing adjustments, with an effective date of July 1, 2014.

Chinook will exit 2014 undrawn on its $125 million credit facility.

About Chinook Energy Inc.

Chinook is a Calgary-based public oil and gas exploration and development company that combines multi-zone conventional production and resource plays in western Canada.



Chinook Energy Inc.
Walter Vrataric
President and Chief Executive Officer
(403) 261-6883

Chinook Energy Inc.
Jason Dranchuk
Vice President, Finance and Chief Financial Officer
(403) 261-6883
www.chinookenergyinc.com