09:54 AM EST - Chinook Energy Inc. : said production in 2012 averaged 12,184 barrels of oil per day, down 16% from 2011 in its audited year-end financial and operational results. A significant component of the decreased production was the sale of approximately 1,600 barrels of oil per day of production from non-core assets that sourced $106.3 million in proceeds. Cash flow in 2012 was 7% lower at $79 million from $85 million in 2011 despite the effect of a 38% drop in year-over-year Canadian natural gas prices from $3.59/mcf to $2.24/mcf as this effect was mainly offset by the increased Tunisian production volumes sold at a premium Brent oil price. Chinook Energy Inc.
shares T.CKE are trading down $0.03 at $1.10.
