Land

In 2015, Trilogy spent $1.2 million to acquire 5,120 net acres of land at Alberta Crown land sales.This brings Trilogy’s total acreage count to 867,480 gross acres (629,678 net acres) of land as of December 31, 2015, of which 63 percent (397,112 net acres) is considered undeveloped (no reserves assigned).

Trilogy has demonstrated that multiple wells per section need to be drilled to adequately develop its land base to more fully extract the underlying reserves.Trilogy intends to continue to acquire acreage that it believes has future development potential in order to maintain a competitive advantage in its core operating areas.