Trilogy Corporate Profile Q1 2016 Results: Average production: 22,786 Boe/d (30% Oil and NGL) Operating netback: 9.46/Boe Funds flow: 8.3 million (4.01/Boe, 0.07/share) Net debt: 300.0 million Senior Unsecured Notes - 7.25% due…
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 1.7 MM 2015 Capex light…
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 111…
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 Capital: 2.9 MM D/C/T per well Reserves per well: 354 MBoe(2) IP30: 640 Bbl/d oil - 0.7 Bcf natural gas - 223 MBbl oil - 14 MBbl C3+ WTI US/Bbl AECO 2.00/GJ 20 30 40 50 60 NPV…
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 opportunities 81 horizontal wells drilled as of December 31, 2015…
Presley Montney Gas Economics Capital: 5.3 MM D/C/T per well Reserves per well: 822 MBoe(2) IP30: 6.8 MMcf/d 4.5 Bcf natural gas NGL: CDN 30.13/Bbl 72 MBbl NGLs Condensate: CDN 59.00/Bbl AECO Gas Cdn/GJ WTI US 40/Bbl 0.00…
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 Crude NGL Total BT NPV Gas Oil % % Reserve Category BCF MBbl MBbl MBoe 10% MM Proved Developed Producing 251.3…
Summary Extensive high working interest land base in the Deep Basin Montney oil and gas pool development opportunities Significant exposure to Duvernay Shale play Large inventory of low-risk, liquid-rich natural gas resource…