Trilogy Energy: 2011 Financial and Operating Results

Trilogy Energy Corp. (TSX:TET) reported its 2011 financial and operating results.

As quoted in the press release:

FINANCIAL AND OPERATING HIGHLIGHTS

• Trilogy added 20.6 MMBoe of proved plus probable reserves (including technical revisions) during 2011, replacing 202 percent of produced reserves (190 percent on a proved basis).

• Reported sales volumes for the 2011 year averaged 28,012 Boe/d compared to 22,788 Boe/d in 2010 representing a 23 percent increase over the annual sales volumes for the prior year. The increase is a result of Trilogy’s ongoing success with its Montney horizontal drilling program.

Click here to read the Trilogy Energy Corp. (TSX:TET) press release.