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Trilogy Spends $440 MM in 2014, $100 MM in 2015
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Trilogy Energy Corp. has announced its financial and operating results for the quarter and year-ended December 31, 2014 and to announce the resolution of its dispute with the Canada Revenue Agency (CRA) regarding the tax consequences in connection with its conversion from a trust to a corporation in 2010.
OutlookTrilogy continues to develop its land position and expand on its technical expertise in large, tight, liquids-rich gas and oil resource plays in the Deep Basin. The Company believes that it has accumulated a large inventory of high quality horizontal drilling prospects that should provide the opportunity, in the long term, to grow annual production and replace produced reserves.
Trilogy reiterates its 2015 guidance as follows:
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