Chinook Energy Inc. reported earnings and production results for the first quarter ended March 31, 2018. For the quarter, the company reported petroleum & natural gas revenues, net of royalties of $5,815,000 against $6,838,000 a year ago. Adjusted funds from operations were $471,000 against $2,036,000 or $0.01 per basic and diluted share a year ago. Net loss was $2,098,000 or $0.01 per basic and diluted share against net income of $10,422 or $0.05 per basic and diluted share a year ago. Capital expenditures were $2,497,000 against $8,823,000 a year ago. Net debt was $3,961,000.

For the quarter, the company reported production of crude oil of 19 bbl/d against 29 bbl/d a year ago. Natural gas liquids were 468 boe/d against 482 boe/d a year ago. Natural gas was 13,806 mcf/d against 18,022 mcf/d a year ago. Average daily production was 2,788 boe/d against 3,514 boe/d a year ago.