Oil, Gas and Consumable Fuels
Company Overview of TriOil Resources Ltd.
TriOil Resources Ltd. engages in the exploration, development, and production of petroleum and natural gas properties in Canada. The company primarily holds interests in Cardium Zone of Lochend area; Kaybob property; Clear Prairie/Sweeney property; and Pouce Coupe fields that are located in Alberta. As of December 31, 2012, it had proved plus probable reserves of 20,202 MBOE, which are located in Alberta, British Columbia, and Saskatchewan. The company was formerly known as One Exploration Inc. and changed its name to TriOil Resources Ltd. in April 2010. TriOil Resources Ltd. is headquartered in Calgary, Canada. As of November 13, 2013, TriOil Resources Ltd. operates as a subsidiary of ORLEN...
355- 4th Avenue SW
Calgary, AB T2P 0J1
Key Executives for TriOil Resources Ltd.
Chief Executive Officer and Director
Chief Financial Officer and Vice President of Finance
Chief Executive Officer of Canext Energy Ltd and President of Canext Energy Ltd
Compensation as of Fiscal Year 2014.
TriOil Resources Ltd. Key Developments
TriOil Resources Ltd. Provides Operations Update on its Montney, Cardium and Dunvegan Programs
Nov 4 13
TriOil Resources Ltd. provided an operations update on the company's Montney, Cardium and Dunvegan programs. The company recently completed and brought on production its second horizontal Montney well. Over its initial 5 days of production, this well has produced at an average rate of approximately 950 BOE/d (51% NGLs) TriOil owns a 61% working interest in this well and plans to drill 2 to 3 follow up wells in the first half of 2014. Current corporate production from the company's Montney project is approximately 1,150 BOE/d (30% NGLs). The company drilled its first long-reach horizontal Cardium well on the Western Lochend trend in late 2012. The well was drilled to a total depth of 5,402 meters with a horizontal length of 2,867 meters and was completed with a 40 stage slickwater fracture stimulation. The well averaged 336 BOE/d (89% oil) in its initial 30 calendar days of production and has exhibited lower declines than its typical 1 mile horizontal Lochend Cardium wells. After 8 months of production the well is currently producing approximately 240 BOE/d (80% oil). The company brought its second long-reach horizontal Cardium well in Western Lochend on production in October, 2013. This well was drilled to a total depth of 5,407 meters with a horizontal length of 2,858 metres and was completed with a 36 stage slickwater fracture stimulation. Over its initial 30 calendar days of production the well averaged 587 BOE/d (79% oil). The company recently drilled a third long-reach horizontal Cardium well in Western Lochend to a total depth of 5,301 metres with a horizontal length of 2,867 metres and completed the well with a 36 stage slickwater fracture stimulation. The well is currently being flow tested and they expect that it will be equipped and on production in December 2013. The company owns a 50% working interest in each of these long-reach horizontal Cardium oil wells and has a large development drilling inventory offsetting these wells. In Central Lochend, the company recently drilled 1 (0.5 net) Cardium horizontal well and is currently drilling a second (0.5 net) Cardium horizontal well from the same pad. Both wells are expected to be completed with 18-20 stage slickwater fractures stimulations in November and brought on production in December, 2013. The company is currently drilling a 100% working interest horizontal Cardium well on its Western Lochend acreage. Completion operations on this well are planned for December, 2013. Current corporate production from the company's Cardium project is approximately 1,050 BOE/d (67% oil and NGLs). The company recently completed and brought on production 2 (1.36 net) horizontal Dunvegan light oil wells at Kaybob. The 2 wells have produced at a combined average rate of approximately 1,200 BOE/d (88% oil) over their initial 18 days of production. Current corporate production from the Company's Dunvegan project is approximately 2,100 BOE/d (74% oil). Based on field estimates, the Company's average October production was approximately 4,100 BOE/d (62% oil and NGLs) and current production exceeds 4,500 BOE/d (62% oil and NGLs). The company remains on track to meet or exceed its 2013 exit production guidance of 4,400 BOE/d.
TriOil Resources Ltd., Special/Extraordinary Shareholders Meeting, Nov 12, 2013
Sep 16 13
TriOil Resources Ltd., Special/Extraordinary Shareholders Meeting, Nov 12, 2013., at 09:30 Mountain Daylight. Location: John Laurie Room at the Bow Valley Club. Agenda: To consider and, if deemed advisable, to pass, with or without variation, a special resolution the full text of which is set forth in Appendix A to the accompanying information circular and proxy statement of TriOil, to approve an arrangement, and all transactions contemplated thereby under Section 193 of the Business Corporations Act involving TriOil, ORLEN Upstream sp. z o.o., ORLEN Upstream International B.V. and the TriOil Shareholders, all as more particularly described in the Information Circular; and to transact such other business, including amendments to the foregoing, as may properly be brought before the Meeting or any adjournment or postponement thereof.
Polski Koncern Naftowy Orlen Spolka Akcyjna, TriOil Resources Ltd. - M&A Call
Sep 16 13
To discuss PKN ORLEN agreement to acquire TriOil Resources
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