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MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp.

Trilogy Energy Corp. · May 9, 2013 · 37 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 1
    Annual General Meeting of Shareholders May 9, 2013
  2. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 2
    Trilogy Corporate Profile Q1 2013 Results: Average production: 36,119 Boe/d (46% Oil and NGL) Operating netback: 28.29/Boe Funds flow: 80.3 million (24.70/Boe) Market Cap: 117 million shares at 30.00/share 3.5 Billion Net debt:…
  3. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 3
    Trilogy Assets Geographically concentrated assets Multi-zone development and exploration potential in Grande Prairie the Deep Basin 2,500 Boe/d 2013E 23 MM 2013E Capex NGL-rich, high heat content natural gas and light oil resource…
  4. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 4
    Potential Sand/Shale Reservoirs Prospect inventory of low-risk horizontal and vertical liquids-rich conventional and unconventional locations: Cardium*: + wells Dunvegan*: 36 wells Notikewin/Spirit River: 145 wells Wilrich: +…
  5. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 5
    Operations Update
  6. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 6
    Trilogy: Key Growth Plays 7
  7. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 7
    Kaybob Montney Oil Development Montney reservoir exploitation Approximately 40 net sections Estimate an average of 10 MMBbl DOIIP per section equals an internally estimated 400 MMBbl DOIIP for pool* Assuming 8 horizontal Montney…
  8. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 8
    Kaybob Montney Oil Development Montney tight sand reservoir Horizontal well: 4 MM/well D/C/T Average 1- mile horizontal lateral 22 fracs per well; 75 m spacing P+P recoverable reserves per well* East wells: 336 MBoe 208 MBbl…
  9. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 9
    Kaybob Montney Oil Development 2011 2012 2013E TotalE Wells Drilled 22 24 36 82 Drilling/ Completion 98 MM 109 MM 148 MM 356 MM Infrastructure 33 MM 51 MM 11 MM 95 MM Land 36 MM - - 36 MM Total Capital 167 MM 160 MM 159 MM 486 MM Avg…
  10. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 10
    Montney Oil Pool: Production Templates 11
  11. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 11
    Montney Oil Template NPV10 Sensitivity Analysis 12
  12. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 12
    Kaybob Montney Oil Cumulative Production 13
  13. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 13
    Free Cash Flow Kaybob Montney Oil Original Projection: 10,000 Bbl/d + 10 MMcf/d = 11,666 Boe/d x 365 days 4.25 MMBoe/year Cash Flow/Year 48.60/Boe (Q1 2013 Operating Netback) 207 MM Capital = 400 MBoe/well x 11 wells x 4.0 MM/well (44…
  14. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 14
    Kaybob Presley Montney Gas Development Montney reservoir exploitation Approximately 50 net sections Assuming 5 horizontal wells/section, potential for 250 horizontal wells Potential 10 - 15 Bcf gas per section* Liquids-rich gas 30…
  15. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 15
    Kaybob Presley Montney Gas Development Montney tight sand reservoirs Horizontal well: 5 MM/well D/C/T Potential recoverable reserves per well*: 3.0 Bcf natural gas 100 MBbl NGL 600 MBoe F&D: 8.50/Boe 49 horizontal wells drilled…
  16. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 16
    Presley Montney Gas High productivity, steep declines Stable production after 12 months Infrastructure is in place to facilitate near-term production growth Additional compression will be required to produce at full…
  17. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 17
    Presley Montney Gas Sensitivity Graphs At 1.5 years: 1.2 Bcf (raw) production Gas Revenue: 3.6 MM (3.00/Mcf) NGL Revenue: 2.2 MM (60.00/Bbl) Operating Costs: 0.6 MM Royalty Cost: 0.3 MM Operating Netback: 4.9 MM D/C/T Cost: 5.00…
  18. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 18
    Free Cash Flow Presley Montney Gas Current: 60 MMcf/d + 30 Bbl/Mcf NGL = 11,800 Boe/d x 365 days 4.3 MMBoe/year Cash Flow/Year 22.55/Boe (Q1 2013 Operating Netback) 97 MM Capital = 600 MBoe/well x 7 wells x 5.0 MM/well (35 MM)…
  19. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 19
  20. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 20
    Duvernay Unconventional Shale Play- Kaybob Area Emerging large liquids-rich and crude oil resource play Stratigraphically equivalent to the Muskwa Shale in northeast British Columbia Similar in play type to the Eagle Ford Shale…
  21. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 21
    Duvernay Mineral Rights Owners 22
  22. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 22
    Duvernay Unconventional Shale Play 100 sections in gas/condensate reservoir area 100 additional sections in potentially oilier reservoir Participated in 11 horizontal wells into this play to date Approximately 55 MM capital…
  23. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 23
    3-13-60-20W5 Duvernay Production Forecast 1,391 metres lateral length 31 frac intervals 12 separate stages 100 tonnes sand and approximately 900m3 slickwater per frac interval Plug and perf completion technique * InSite…
  24. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 24
    Duvernay Sensitivity Analysis 25
  25. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 25
    Presley 5-3-60-19W5 Horizontal well RR April 2012: TD 5,306 m; lateral length 1,754 m 16 stage/31 frac completion using ball drop technique Completed and tied in early October 2012 On production October 11, 2012 11-33-60-20W5 -…
  26. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 26
    Tony Creek North 4-3-64-21W5 4-3-64-21 horizontal RR April 2012: 4,800m TD; lateral length 1,648 m Planned 16 stage/30 frac completion using ball drop technique; executed only 5 stage/11 frac Completed and tied in during August…
  27. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 27
    Aux Sable Liquid Recovery Agreement Increased 2012 cash flow by approximately 14.2 Million; Trilogy Kaybob North Sour Gas Plant adding 2,146 Bbl/d of NGL production Producing high-heat content Aux Sable Liquid gas is an…
  28. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 28
  29. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 29
    Quarterly Review Q1 2013 production represents a 16% Funds flow in Q4 2012 and Operating costs per unit are increase over Q1 2012 Q1 2013 represent the decreasing over the long term as effects of increased oil and the volume of…
  30. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 30
    Operating Metrics Q1 2013 2012 2011 2010 Average Production (Boe/d) 36,119 33,510 28,012 22,787 Revenue (/Boe) 43.89 37.16 37.26 34.97 Royalties (/Boe) (5.71) (4.61) (3.80) (5.38) Operating Expenses (/Boe) (8.62) (8.33) (8.29) (8.49)…
  31. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 31
    2012 Trilogy Finding and Development Costs Land 1.0 MM Geological and Geophysical 2.1 MM Drilling and Completion 265.9 MM Production Equipment, Facilities and Inventory 80.3 MM Net Acquisitions/Dispositions 2.0 MM Total 2012 Capital…
  32. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 32
    Reserves (InSite Petroleum Consultants Ltd., as at December 31, 2012) Proved Reserves Probable Reserves Natural Gas Crude Oil NGL Boe (6:1) % Reserve Category BCF MBbl MBbl MBoe Proved Developed Producing 243.1 13,559 10,341…
  33. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 33
    2013 Forecast 34
  34. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 34
    CFFO 2013 E (Millions) AECO GAS (C/GJ) 2.00 2.50 3.00 3.50 4.00 4.50 65.00 234 261 284 306 328 350 258 288 310 332 354 376 WTI (US/Bbl) 75.00 85.00 283 314 336 358 381 403 95.00 308 341 363 385 407 429 105.00 345 367…
  35. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 35
    Summary Extensive high working interest land base in the Deep Basin Operated gathering and processing infrastructure in Kaybob area High capital efficiency resulting in low F & D costs Large inventory of low-risk, liquid-rich…
  36. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 36
    Appendix A Forward Looking Statements Advisories
  37. MAY 2013 ANNUAL GENERAL MEETING – Trilogy Energy Corp. – slide 37
    1400, 332 6th Avenue, SW Calgary, Alberta Canada T2P 0B2 Telephone: (403) 290-2900 Facsimile: (403) 263-8915 www.trilogyenergy.com

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