Trilogy Corporate Profile 2015 Results: Average production: 27,775 Boe/d (35% Oil and NGL) Operating netback: 15.67/Boe Funds flow: 109.4 million (10.79/Boe) Net debt: 300.0 million Senior Unsecured Notes - 7.25% due December…
Trilogy Assets Geographically concentrated assets Multi-zone development and exploration potential in the Deep Basin Grande Prairie 1,584 Boe/d 2015 Significant NGL-rich, high heat content natural gas and light 1.7 MM 2015 Capex…
Operations Update
Trilogy: Key Growth Plays 6
Kaybob Montney Oil Pool Development Discovered in 2011 8 Hz Montney oil wells/section; 400 potential drilling opportunities Approximately 50 net sections at average 10 MMBbl DOIIP/section; 500 MMBbl DOIIP for pool(1) Drilled…
Kaybob Montney Oil Pool Development 2011 2012 2013 2014 2015 Total Wells Drilled 22 24 31 29 2 108 Drilling/ Completion 98 MM 109 MM 133 MM 111 MM 8MM 459 MM Infrastructure 33 MM 51 MM 33 MM 24 MM 2MM 143 MM Land 36 MM - - - - 36…
Economics - Kaybob Montney Oil Pool West Side Assumptions: WTI US/Bbl 20 30 40 50 60 Capital: 2.9 MM D/C/T per well NPV 10% MM (0.2) 1.6 3.1 4.5 5.9 AECO Gas Price: 2.00/GJ IP30: 640 Bbl/d oil BT ROR % 6.2 48.4 131.0 289.0 500…
Kaybob Presley Montney Gas Development Approximately 60 net sections with DGIIP estimate of 10 - 15 Bcf per section(1) 5 Hz wells/section: 300 potential drilling locations 81 horizontal wells drilled as of December 31, 2015…
Presley Montney Gas Economics Assumptions: Capital: 5.3 MM D/C/T per well AECO Gas Cdn/GJ IP30: 6.8 MMcf/d WTI US40/Bbl 2.00 4.00 6.00 8.00 Reserves per well: 822 MBoe(2) 4.5 Bcf natural gas NPV 10% MM 3.1 10.4 17.1 24.0 72…
Emerging Duvernay Shale Play
Duvernay Unconventional Shale Play- Kaybob Area 75 sections in gas/condensate area 115 additional sections in volatile oil area Participated in 50 horizontal wells in this play to date Approximately 350 MM capital spent on…
Reserves (McDaniel & Associates Consultants Ltd. at December 31, 2015) Proved Reserves Probable Reserves Natural Gas Crude Oil NGL Total % Reserve Category BCF MBbl MBbl MBoe Proved Developed Producing 251.3 9,377 7,051 58,306…
Summary Extensive high working interest land base in the Deep Basin Significant operated gathering and processing infrastructure in Kaybob area Recent improvements in drilling and completion technologies resulting in higher…