Dahlman Rose & Co. Canadian Energy Executive Forum June June 14, 14, 2012 2012
Trilogy Corporate Profile Q1 2012 average production: 31,012 Boe/d (39% Oil and NGLs) Current production: 37,000 - 42,000 Boe/d 116 million shares outstanding Market Capitalization at 24.00/share: 2.8 Billion Insiders own 52%…
Trilogy Assets Geographically concentrated assets Multi-zone development and exploration potential in the Deep Basin Grande Prairie NGL-rich, high heat content natural gas and light oil 1,500 Boe/d 2012 35 MM 2012 Capex Large…
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: +…
Kaybob Horizontal Prospect Areas Evaluating new horizontal targets Successful drilling in these formations would significantly increase prospect inventory Reservoirs to be targeted: Cardium* Dunvegan* Bluesky* Montney oil and…
Operations Update
Kaybob Montney Oil Development Initial horizontal well at 16-1 drilled in October 2010 2011 Capex: 175MM 98MM: 22 horizontal wells 41MM: Producing infrastructure 36MM: Crown land acquisitions Year-end exit rate was 5,000…
Kaybob Montney Oil Development 2012 budgeted Capex: 125MM Approx. 100MM 16 horizontal wells and complete four 2011 drills Approx. 25MM producing infrastructure Construction of two 8pipelines to the 12-10 battery (Feb 2012) Addition…
Kaybob Montney Oil Development Pool 40 sections in size Estimate an average of 10 MMBbl OOIP per section equals an internally estimated 400 MMBbl OOIP for pool* 4 - 8 horizontal Montney oil wells/section, potential for 160 - 320…
Kaybob Montney Oil Development Net Pay: 10 m Average Porosity: 11 % Average SW: 25% Original Reservoir Pressure: 16,000 KPa Depth: 1,800 m OOIP per section: 10 MMBbl* 8 wells/section 300 MBbl/well 24% RF 13-1-64-18W5/2 Cum production:…
Kaybob Montney Oil Production 12 12
Montney Oil Pool Production 13 13
Free Cash Flow Kaybob Montney Oil Current : 10% Recovery Factor 10 year RLI 10,000 Bbl/d + 10 MMcf/d = 11,666 Boe/d x 365 days 4.25 MMBoe/year Cash Flow/Year 71.23/Boe Netback (January 2012) 303 MM 400 MBoe/well = 11 wells 4.4…
Fox Creek Montney Oil Prospect 8-1-63-19W5 Horizontal exploration well Rig Released October 3, 2011 Completed in October with 25-stage frac (11,500 Bbl of completion fluid) Recovered 6,800 Bbl load oil, 2.3 MMcf natural gas and…
Kaybob South 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 NGLs 600 MBoe 41 horizontal wells drilled to end of…
Presley Montney Gas 17 17
Kaybob South - Presley Montney Gas Development Montney reservoir exploitation 50 net sections 3 - 5 horizontal wells per section, potential for 150 - 250 horizontal wells Potential 10 - 15 Bcf gas per section* Liquids rich gas 30…
Dunvegan Oil Prospect Dunvegan light oil play Economics and play delineation will be determined with additional wells Trilogy has plans to drill 3 (2.5 net) horizontal wells in H2 2012 Evaluating sweet oil battery…
Dunvegan Oil Well Template Net Pay: 8 m Average Porosity: 15% Average SW: 35% Original Reservoir Pressure: 13,700 KPa Depth: 1,800 m OOIP per section: 10.0 MMBbl* *Internal estimates 21 21
Duvernay Unconventional Shale Play 100+ sections in gas/condensate Oilier reservoir area 100+ additional sections in potentially oilier Gas/Condensate reservoir Dry Gas 22 22
Duvernay Unconventional Shale Play 15-33-60-20W5 RR Sept 2010; 33% WI Drill/Complete 8 MM (6 fracture intervals) Depth 5,080 m MD with 1,725 m horizontal length Tested 2 MMcf/d + 80 Bbl/MMcf condensate Current rate 0.75 MMcf/d + 75…
Duvernay Unconventional Shale Gas Play 11-33-60-20W5 - Duvernay Net Pay: 50m Average Porosity: 7% Reservoir Pressure: 60,000 kPa OGIP*: 75 Bcf/section, 2.7 Tcf/township Estimated Recovery Factor: 30 - 50% Reserves of 5…
Aux Sable Liquid Recovery Agreement Increased 2011 cash flow by approximately 20 Million Trilogy Kaybob North Sour Gas Plant Added 2,000 Bbl/d of NGL production Assuming volumes increase to Aux Sable Liquid Extraction Plant,…
Financial Update
Quarterly Review Production Funds Flow Operating Costs Boe/d/ /Boe M 2011 production represents a 23% growth Funds Flow increased due Operating costs per unit over 2010 to growing production decrease as the volume of…
2011 Trilogy Finding and Development Costs Land 38.1 MM Geological and Geophysical 1.0 MM Drilling and Completion 225.7 MM Production Equipment and Facilities and Inventory 87.0 MM Net Dispositions (1.9 MM) Total 2011 Capital…
Reserves ((InSite InSite Petroleum Petroleum Consultants Consultants Ltd., Ltd., as as at at December December 31, 31, 2011) 2011) Proved Reserves Probable Reserves Natural Gas Crude Oil NGL Boe (6:1) % Reserve Category…
Summary Extensive high working interest land base in the deep basin High quality proved producing reserves Operated gathering and processing infrastructure in Kaybob area Applying new technology to generate annual production growth…
Appendix A Forward Forward Looking Looking Statements Statements Advisories Advisories
Loading...
