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ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp.

Trilogy Energy Corp. · May 9, 2014 · 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. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 1
    Annual Meeting of Shareholders May 9, 2014
  2. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 2
    Trilogy Corporate Profile Q1 2014 Results: Average production: 33,135 Boe/d (39% Oil and NGL) Operating netback: 32.68/Boe Funds flow: 81.2 million (27.24/Boe) Market Cap: 125.8 million shares at 30.00/share 3.8 Billion Net debt:…
  3. ANNUAL MEETING OF SHAREHOLDERS – 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 2014 20 MM 2014 Capex Significant NGL-rich, high heat content natural gas and light…
  4. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 4
    Operations Update
  5. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 5
    Trilogy: Key Growth Plays 6
  6. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 6
    Kaybob Montney Oil Pool Development Approximately 50 net sections at average 10 MMBbl DOIIP/section; 500 MMBbl DOIIP for pool* 8 Hz Montney oil wells/section; 400 locations Horizontal well: D/C/T 4 MM/well Average 1-mile…
  7. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 7
    Kaybob Montney Oil Pool Development 2011 2012 2013 2014E Total E Wells Drilled 22 24 31 30 107 Drilling/ Completion 98 MM 109 MM 133 MM 120 MM 460 MM Infrastructure 33 MM 51 MM 33 MM 15 MM 132 MM Land 36 MM - - - 36 MM Total Capital…
  8. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 8
    Kaybob Montney Oil Pool: Production Templates Reserves assigned to Kaybob Montney Oil Pool by InSite Petroleum Consultants Ltd, December 31, 2013 have been allocated internally 9 as between east wells and west wells.
  9. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 9
    Montney Oil Template NPV10 Sensitivity Analysis Reserves assigned to Kaybob Montney Oil Pool by InSite Petroleum Consultants Ltd, December 31, 2013 have 10 been allocated internally as between east wells and west wells.
  10. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 10
    Free Cash Flow Kaybob Montney Oil Pool Current: 8,400 Bbl/d + 21.6 MMcf/d = 12,000 Boe/d x 365 days 4.4 MMBoe/year Cash Flow/Year 46.33/Boe (Q1 2014 Operating Netback) 203 MM Capital = 300 MBoe/well x 4 MM/well x 15 wells (60 MM)…
  11. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 11
    Kaybob Presley Montney Gas Development Approximately 50 net sections with 10 - 15 Bcf proved plus probable raw gas per section* 5 Hz wells/section: 250 locations Horizontal well: 5 MM/well D/C/T Liquids-rich gas: 3 Bcf/well , 30…
  12. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 12
    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…
  13. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 13
    Presley Montney Gas Sensitivity Graphs At 1 year: 0.9 Bcf (raw) production Gas Revenue: 3.6 MM (4.00/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…
  14. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 14
    Emerging Duvernay Shale Play
  15. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 15
    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…
  16. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 16
    Duvernay Unconventional Shale Play- Kaybob Area 17
  17. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 17
    First Versus Second Generation 18
  18. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 18
    Duvernay Unconventional Shale Play 75 sections in gas/condensate reservoir area 125 additional sections in potentially oilier reservoir Participated in 32 horizontal wells into this play to date Approximately 100 MM capital…
  19. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 19
    Calculated Raw Condensate/Gas Ratios* - Production *Liquids ratios calculated on reported cumulative raw gas and condensate production to end of the month of February 2014 20
  20. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 20
    3-13-60-20W5 Duvernay Production Forecast 1,391 metres lateral length 31 frac intervals 12 separate stages 100 tonnes sand and approximately 900 m3 slickwater per frac interval Plug and perf completion technique * InSite…
  21. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 21
    South Kaybob Duvernay Shale Gas/Condensate Play *Internal estimates 22
  22. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 22
    South Kaybob Duvernay 23
  23. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 23
    North Kaybob Duvernay Shale Condensate/Oil Play *Internal estimates 24
  24. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 24
    North Kaybob Duvernay *Liquids ratios calculated on reported raw gas and condensate production for the month 25 of December 2013
  25. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 25
    Trilogy Duvernay Gas and Condensate/Oil Production 26
  26. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 26
    Aux Sable Liquid Recovery Agreement Increased 2013 cash flow by approximately 12.5 Million; Trilogy Kaybob North Sour Gas Plant adding 2,128 Bbl/d of NGL production Producing high-heat content gas is an alternative to shipping…
  27. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 27
    Pembina Peace Pipeline Expansion Data provided by Pembina Pipelines LVP Capacity (Bbl/d) HVP Capacity (Bbl/d) In-Service Current 195,000 115,000 Phase 2 Expansion 55,000 20,000* 2015 Phase 3 Expansion 320,000** 2016/2017 Total…
  28. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 28
    Financial Update
  29. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 29
    Quarterly Review Natural gas liquids sales volumes increased 9 percent to Trilogy realized a 40 percent increase, from 57.9 5,518 Boe/d as compared to 5,068 Boe/d in the previous million in the fourth quarter of 2013 to 81.2…
  30. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 30
    Annual Per Share Metrics 31
  31. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 31
    Operating Metrics Q1 2014 2013 2012 2011 Average Production (Boe/d) 33,135 34,509 33,510 28,012 Revenue (/Boe) 52.79 44.73 37.16 37.26 Royalties (/Boe) (6.40) (5.85) (4.61) (3.80) Operating Expenses (/Boe) (12.23) (10.82) (8.33) (8.29)…
  32. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 32
    2013 Trilogy Finding and Development Costs Land 0.6 MM Geological and Geophysical 0.2 MM Drilling and Completion 342.3 MM Production Equipment, Facilities and Inventory 56.3 MM Net Acquisitions/Dispositions (2.5) MM Total 2013 Capital…
  33. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 33
    Reserves (InSite Petroleum Consultants Ltd., as at December 31, 2013) Proved Reserves Probable Reserves Natural Gas Crude Oil NGL* Total % Reserve Category BCF MBbl MBbl MBoe Proved Developed Producing 255.6 17,393 11,179…
  34. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 34
    Reserves Growth Summary (Reserves information derived from InSite Petroleum Consultants Ltd.) 35
  35. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 35
    2014 Forecast 36
  36. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 36
    CFFO 2014 E (Millions) AECO GAS (C/GJ) 2.50 3.00 3.50 4.00 4.50 5.00 5.50 6.00 65.00 199 219 239 259 279 299 319 339 222 242 261 281 301 321 341 361 WTI (US/Bbl) 75.00 85.00 244 264 284 304 324 344 363 383 95.00 266 286…
  37. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 37
    Summary Extensive high working interest land base in the Deep Basin Significant operated gathering and processing infrastructure in Kaybob area High capital efficiency resulting in low F & D costs Large inventory of low-risk,…
  38. ANNUAL MEETING OF SHAREHOLDERS – Trilogy Energy Corp. – slide 38
    Appendix A Forward Looking Statements Advisories
  39. ANNUAL MEETING OF SHAREHOLDERS – 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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