The Company has always held the belief that it has an excellent asset base for a growth-oriented exploration company. During the period since converting from an income trust to a growth orientated exploration and development company, Trilogy’s annual production has grown organically by more than 69 percent from 19,780 Boe/d in 2009 to 33,510 Boe/d in 2012. Trilogy’s management believes that investing a higher portion of its annual cash flow to exploit its developed and undeveloped land base using horizontal drilling and multi-stage fracturing technology will continue to add value for its Shareholders for many years to come. Trilogy continues to evaluate new plays and formations on its acreage in the Kaybob area. By targeting different formations and geographic areas, Trilogy has been able to identify additional drilling prospects that will be added to the Company’s growing inventory of high quality crude oil and liquids-rich gas drilling locations.