Chinook Energy Inc. announced consolidated earnings and production results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported crude oil was 21 (bbl/d) compared with 451 (bbl/d) for the same period a year ago. Natural gas liquids was 551 boe/d compared with 613 boe/d for the same period a year ago. Natural gas was 19,240 mcf/d compared with 21,548 mcf/d for the same period a year ago. Average production was 3,779 boe/d, a decrease of 19% from a year ago.

For the year, the company reported crude oil was 22 (bbl/d) compared with 768 (bbl/d) for the same period a year ago. Natural gas liquids was 470 boe/d compared with 637 boe/d for the same period a year ago. Natural gas was 17,602 mcf/d compared with 24,631 mcf/d for the same period a year ago. Average production was 3,425 boe/d, a decrease of 38% from a year ago.

For the quarter, the company reported petroleum & natural gas revenues, net of royalties of $4,499,000 compared with $10,631,000 for the same period a year ago. Adjusted funds flow was $1,100,000 or $0.01 per basic and diluted share compared with $1,713,000 or $0.01 per basic and diluted share for the same period a year ago. Net loss was $21,160,000 or $0.10 per basic and diluted share compared with net income of $6,427,000 or $0.03 per basic and diluted share for the same period a year ago. Capital expenditures were $7,253,000 compared with $4,177,000 for the same period a year ago.

For the full year, the company reported petroleum & natural gas revenues, net of royalties of $21,271,000 compared with $36,943,000 for the same period a year ago. Adjusted funds flow was $4,978,000 or $0.02 per basic and diluted share compared with adjusted funds outflow of $1,044,000 or $0.00 per basic and diluted share for the same period a year ago. Net loss was $16,914,000 or $0.08 per basic and diluted share compared with $54,773,000 or $0.25 per basic and diluted share for the same period a year ago. Capital expenditures were $39,044,000 compared with $9,211,000 for the same period a year ago. Net debt was $711,000.