Chinook Energy Inc.

Chinook Energy Inc.

December 19, 2014 17:01 ET

Chinook Energy Announces Closing of Gilby Asset Disposition

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.

Contact Information

  • 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