TET 2014 Results and Updates 2015 Guidance CALGARY, ALBERTA--(Marketwired - Jan. 15, 2015) - Trilogy Energy Corp. ("Trilogy"") (TSX:TET) announces its 2014 production, capital expenditure and operating cost results and updates its 2015 guidance.
2014 Production Results
Trilogy's 2014 results included:
- average daily production of approximately 35,100 Boe/d (approximately 40% oil and natural gas liquids);
- capital expenditures of $426.7 million;
- acquisitions net of divestitures of $13.3 million; and
- average operating costs of $10.09/Boe.
2015 Guidance Revisions
For 2015, Trilogy forecasts:
- a capital spending program of approximately $100 million;
- annual production of approximately 30,000 Boe/d (approximately 35% oil and natural gas liquids); and
- average operating costs of approximately $10.00/Boe.
Trilogy is well-positioned to alter its capital spending program to reflect further market instability and is committed to operating within cash flow in this volatile commodity price environment.
Read more at https://www.stockhouse.com/news/press-releases/2015/01/15/trilogy-announces-2014-results-and-updates-2015-guidance#U3UsH4hfZ4XR8ol9.99