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FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp.

Trilogy Energy Corp. · Nov 15, 2011 · 39 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. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 1
    Energy Growth Conference FirstEnergy Capital Corp./Socit Gnrale November 15-16, 2011
  2. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 2
    Trilogy Corporate Profile Q3 2011 average production: 29,035 Boe/d (75% natural gas) 116 million shares outstanding Market Capitalization at 35.00/share: 4.0 Billion Insiders own 57% Current dividend: 0.035/share/month Net debt:…
  3. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 3
    Trilogy Assets Geographically concentrated assets Multi-zone development and exploration potential in Grande Prairie the Deep Basin 2,000 Boe/d 2011 20 MM 2011 Capex NGL-rich, high heat content natural gas and light oil Large…
  4. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – 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: 31 wells Viking: 5 wells Notikewin/Spirit River: 145 wells…
  5. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 5
    Kaybob Horizontal Prospect Areas Evaluating new horizontal targets Successful drilling in these formations would significantly increase prospect inventory for liquids-rich natural gas Reservoirs to be targeted: Cardium…
  6. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 6
    Operations Update 7
  7. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 7
    Kaybob South Presley Montney Gas Development Montney tight sand reservoirs Horizontal well: 4.75 MM/well D/C/T Potential recoverable reserves* per well: 3.0 Bcf natural gas 100 MBbl NGLs 600 MBoe 13 wells drilled 2011: 12-19…
  8. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 8
    Gross Gas Rate (MMcf/d) Presley Montney Horizontal Wells 18-23 Stage Fracs Days on Production 9
  9. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 9
    Raw Gas Rate (MMcf/d) Horizontal Montney Gas Well Template Production Cum Gas (MMcf) 6 months/ 1 Bcf Months Year 1 Year 2 Year 3 10
  10. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 10
    Horizontal Montney Gas Well Template Sensitivity Analysis 11
  11. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 11
    Presley Compression 12
  12. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 12
    Kaybob South - Presley Montney Gas Development Montney reservoir exploitation 50 net sections 3 - 5 horizontal wells per section, potential for 150 - 250 horizonal wells Potential 10 - 15 Bcf gas per section* Liquids rich gas 30…
  13. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 13
    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 22.23/Boe Netback 97 MM 600 MBoe/well = 7 wells 4.75 MM/well (34 MM) Free Cash Flow /Year 63 MM Future…
  14. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 14
    Kaybob Montney Oil Development 175MM Estimated for 2011: 98MM: 22 horizontal wells 41MM: facility construction 36MM: Q1 land acquisition 4 drilling rigs active in H2 2011 Current production of approximately 8,000 Bbl/d Expected…
  15. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 15
    Kaybob Montney Oil Development 81MM Estimated for 2012: 63MM: 12 horizontal wells + 1 vertical 18MM: facility construction Construction of 8 oil and 8 gas pipeline to the 12-10-064-19W5 Battery Addition of Treater 3 at the…
  16. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 16
    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…
  17. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 17
    Bbl/d Montney Oil Well Template Production MBbl 60 5 months - 60 MBbl Year 1 Year 2 Year 3 Months *Based on historical production performance and internal reserves estimates 18
  18. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 18
    Montney Oil Well Template Sensitivity Analysis Capital Cost: 4.4 MM IP: 500 Bbl/d Reserves: 300 MBbl* Op Cost: 6,500/well/month GOR: 1,500 Mcf/Bbl MD 3,501m (5% Royalty on 80MBoe) BT, NPV 10%, M Gas Price: 4.00/MMBtu…
  19. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 19
    Kaybob Montney Oil Production 20
  20. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 20
    Free Cash Flow Kaybob Montney Oil Current: 5,000 bbl/d + 5 MMcf/d = 5,830 Boe/d x 365 days 2.1 MMBoe/yr Cash Flow/yr 60/Boe Netback 128 MM 400 MBoe/well = 5 wells 4.9 MM/well (24 MM) Free Cash Flow /Year: 104 MM Future Projections:…
  21. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 21
    Iosegun Montney Oil Prospect 8-1-63-19W5 Horizontal exploration well Rig Released October 3, 2011 Completed in October with 25-stage frac (10,400 Bbl of completion fluid) IP 2,000 Bbl/d & 700 Mcf/d gas (5,200 Bbl fluid recovered…
  22. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 22
    Duvernay Unconventional Shale Play 100+ sections in Oilier gas/condensate reservoir area 100+ additional sections in Gas/Condensate potentially oilier reservoir Dry Gas 23
  23. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 23
    Duvernay Unconventional Shale Gas Play 15-33-60-20W5 rig released Sept 2010 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…
  24. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 24
    Duvernay Unconventional Shale Gas Play Duvernay 11-33-60-20W5 Net Pay: 50m Average Porosity: 7% Reservoir Pressure: 60,000 kPa OGIP (1 Section): 75 Bcf Estimated Recovery Factor: 50% Reserves of 5 BCF/well = 6 - 8…
  25. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 25
    Dunvegan Oil Prospect Emerging light oil play 8 horizontal wells planned to date Economics and play delineation will be determined with additional wells Trilogy has plans to drill an operated horizontal well in 2012 26
  26. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 26
    Spirit River Channels Existing well-defined Spirit River trends Numerous existing vertical producers Plan to further develop the pools using horizontal drilling and completion techniques Significant follow up locations…
  27. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 27
    Spirit River 1-16-58-17W5 Spirit River Net Pay: 10m Average Porosity: 10% Reservoir Pressure: 15,300 kPa OGIP (1 Section): 8.5 Bcf Estimated Recovery Factor: 80% 28
  28. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 28
    Operated Kaybob Infrastructure 53 km pipeline to transport up to 100 MMcf/d of gas from Presley to Kaybob North Gas Plant Forecast annual op cost savings of 15 MM Started up October 2010 Sour gas plant expanded to 100 MMcf/d in Q3…
  29. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 29
    Aux Sable Liquid Recovery Agreement Anticipates 2011 cash flow Trilogy Kaybob North Sour Gas Plant will increase by approximately 20-30 Million Assuming volumes increase Aux Sable Liquid to 130 MMcf/d, cash flow may Extraction…
  30. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 30
    Valhalla Montney/Doig play Five wells to date with improving results Fourth well tested 10.9 MMcf/d Fifth well was the first Upper Montney well; tested 6 MMcf/d Sixth well: Lower Doig test tested 15 MMcf/d Success requires…
  31. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 31
    Financial Update
  32. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 32
    Quarterly Review Production Funds Flow Operating Costs Boe/d/ /Boe M 2011 production forecasts represent Funds Flow increased due a 30% growth over 2010 actuals Operating costs to growing production decreased as the…
  33. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 33
    Trilogy Q3 2011 Operating Results Revenue 38.02/Boe 100.5 MM Royalties (4.67/Boe) (12.5 MM) Operating Expenses (7.16/Boe) (19.1 MM) Transportation (1.40/Boe) (3.7 MM) Operating Income 24.38/Boe 65.1 MM Decomm. & Restoration…
  34. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 34
    2010 Trilogy Finding and Development Costs Land 3.6 MM Geological and Geophysical 0.4 MM Drilling and Completion 114.2 MM Production Equipment and Facilities and Inventory 35.6 MM Drilling Incentive Credits (19.8 MM) 2010 Presley…
  35. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 35
    Reserves (InSite Petroleum Consultants Ltd., as at December 31, 2010) Proved Reserves Probable Reserves Proved Developed Producing Probable Developed Producing Proved Developed Non-Producing Probable Developed Non-Producing…
  36. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 36
    CFFO 2012 E (Millions) AECO GAS (C/GJ) 2.50 3.00 3.50 4.00 4.50 5.00 5.50 6.00 55.00 222 248 273 299 324 349 375 400 65.00 260 285 311 336 362 387 412 438 WTI (US/Bbl) 75.00 297 323 348 374 399 424 450 475 85.00 335 360…
  37. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 37
    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…
  38. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 38
    Appendix A Forward Looking Statements Advisories
  39. FIRSTENERGY SOCIETE GENERALE ANNUAL ENERGYGROWTH CONFERENCE – Trilogy Energy Corp. – slide 39
    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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