May 10 (Reuters) - Chinook Energy Inc CKE.TO :
* CHINOOK ENERGY INC. ANNOUNCES FIRST QUARTER 2018 RESULTS
* CHINOOK ENERGY INC - DURING Q1, REDUCED CO'S HEADCOUNT BY 25% AND SUSPENDED AN EMPLOYEE BENEFIT PROGRAM
* CHINOOK ENERGY INC QTRLY AVERAGE DAILY PRODUCTION 2,788 BOE/D VERSUS 3,514 BOE/D
* CHINOOK ENERGY INC QTRLY LOSS PER SHARE $ 0.01
* CHINOOK ENERGY INC - REMAIN CAUTIOUS ON MAKING FURTHER CAPITAL EXPENDITURES UNTIL SUCH TIME AS COMMODITY PRICES IMPROVE TO A MORE CONSTRUCTIVE LEVEL
* CHINOOK ENERGY INC - CAPITAL PROGRAM FOR BALANCE OF 2018 WILL BE MINIMAL
* CHINOOK ENERGY INC - "WE ALSO BELIEVE THAT CONSOLIDATION IS REQUIRED AND WOULD INCREASE EFFICIENCIES AMONG PRODUCERS AND STREAMLINE OPERATIONS"