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Trilogy Energy Corp.

Address #1400, 332 – 6th Avenue S.W., Calgary, AB, T2P 0B2, CA
Phone 403-290-2900
Fax 403-263-8915
Website trilogyenergy.com

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Trilogy Energy Corp. announces the sale of certain Duvernay assets for us$85 million and updates capital expenditure guidance and borrowing base levels

Trilogy Energy Corp. has announced that it has entered into a definitive agreement to sell 11 net sections of its Duvernay mineral rights in the volatile oil window of its Kaybob Duvernay play for cash consideration of US$85 million. In connection with the sale, and in an effort to consolidate Trilogy’s Duvernay land position, Trilogy will also swap 5.25 net sections of its Duvernay undeveloped lands for an equivalent number of sections of Duvernay rights for no additional consideration.