Trilogy Corporate Profile Q3 2015 Results: Average production: 25,090 Boe/d (36% Oil and NGL) Operating income: 15.20/Boe Funds flow: 22.2 million (9.60/Boe) Market Cap: 126.2 million shares at 4.00/share 504.8 Million Net debt:…
Trilogy Assets Geographically concentrated assets Multi-zone development and exploration potential in Grande Prairie the Deep Basin 1,600 Boe/d 2015E 2 MM 2015E Capex Significant NGL-rich, high heat content natural gas and light…
Operations Update
Trilogy: Key Growth Plays 6
Kaybob Montney Oil Pool Development Discovered in 2011 8 Hz Montney oil wells/section; 400 locations Approximately 50 net sections at average 10 MMBbl DOIIP/section; 500 MMBbl DOIIP for pool(1) Drilled 110 wells to date…
Kaybob Montney Oil Pool Development 2011 2012 2013 2014 Total Wells Drilled 22 24 31 29 106 Drilling/ Completion 98 MM 109 MM 133 MM 111 MM 451 MM Infrastructure 33 MM 51 MM 33 MM 24 MM 141 MM Land 36 MM - - - 36 MM Total Capital 167…
Economics - Kaybob Montney Oil Pool WTI US/Bbl 40 50 60 70 80 NPV 10% MM 1.4 2.6 3.7 4.8 5.9 BT ROR % 25 45 72 111 161 Payout years 3.4 1.9 1.3 1.0 0.8 Assumptions Capital: 3.4 MM D/C/T per well AECO Gas Price: 2.80/GJ…
Kaybob Presley Montney Gas Development Approximately 60 net sections with IGIP estimate of 10 - 15 Bcf per section(1) 5 Hz wells/section: 300 locations 79 horizontal wells drilled as of December 31, 2014 Horizontal well: 4.3 MM/well…
Presley Montney Gas Economics Assumptions Capital: 4.3 MM DCT per well IP30: 5.3 MMcf/d Reserves per well: 590 MBoe(1) 3 Bcf natural gas 90 MBoe NGLs Economics: AECO Natural Gas: 2.80/GJ (3.18/Mcf) NGL: 30.50/Boe…
Emerging Duvernay Shale Play
Duvernay Unconventional Shale Play- Kaybob Area Large liquids-rich gas and condensate/oil resource play Increasing liquids content within the Duvernay to the northeast Qualifies for the 5% Shale Royalty for 36 months on all…
Duvernay Unconventional Shale Play 75 sections in gas/condensate area 125 additional sections in volatile oil area Participated in 51 horizontal wells into this play to date 2014 D/C/T 12 (7.4 net) wells (150 MM) Approximately…
South Kaybob Duvernay 15
South Kaybob Duvernay Shale Gas/Condensate Play WTI US/Bbl 40 50 60 70 80 Economics are based on the following assumptions: IP30: 4.6 MMcf/d NPV 10% MM 4.3 7.2 10.2 12.8 16.2 (1) P+P Reserves : 1,218 MBoe 4.1 Bcf Natural Gas BT…
North Kaybob Duvernay 17
North Kaybob Duvernay Shale Type Curve WTI US/Bbl 40 50 60 70 80 Economics are based on the following assumptions: NPV 10% MM 8.5 12.9 17.3 21.7 26.2 IP30: 2.0 MMcf/d P+P Reserves(1): 856 MBoe BT ROR % 66 107 159 223 300 1.5 Bcf…
2015 Balance Sheet Flexibility Available Drawn Facility MM MM Covenants Dec 2019 Senior Notes 300 300 Incurrence based Syndicated Facility 538 374(1) 6x total debt, 3.5x senior debt Syndicated Development 125 0 70 WTI for sixty…
Reserves (InSite Petroleum Consultants Ltd., as at December 31, 2014) Proved Reserves Probable Reserves Natural Gas Crude Oil NGL Total % Reserve Category BCF MBbl MBbl MBoe Proved Developed Producing 279.5 13,462 12,626 72,663…
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,…