Trilogy Energy Corp.
TSX : TET

Trilogy Energy Corp.

May 31, 2017 17:05 ET

Trilogy Energy Corp. Completes Sale of Certain Duvernay Assets in the Kaybob Area for $60 Million

CALGARY, ALBERTA--(Marketwired - May 31, 2017) - Trilogy Energy Corp. ("Trilogy") (TSX:TET) is pleased to announce that it has completed its previously announced sale of certain Duvernay assets in the Kaybob area of Alberta for cash consideration of $60 Million (before adjustments), with the proceeds to be used to reduce Trilogy's indebtedness under its revolving credit facility.

About Trilogy

Trilogy is a petroleum and natural gas-focused Canadian energy corporation that actively develops, produces and sells natural gas, crude oil and natural gas liquids. Trilogy's geographically concentrated assets are primarily high working interest properties that provide abundant low-risk infill drilling opportunities and good access to infrastructure and processing facilities, many of which are operated and controlled by Trilogy. Trilogy's common shares are listed on the Toronto Stock Exchange under the symbol "TET".

Contact Information

  • J.H.T. (Jim) Riddell, Chief Executive Officer
    J.B. (John) Williams, President and Chief Operating Officer
    M.G. (Mike) Kohut, Chief Financial Officer

    Trilogy Energy Corp.
    #1400, 332 - 6th Avenue S.W.
    Calgary, Alberta T2P 0B2
    Phone: (403) 290-2900
    (403) 263-8915 (FAX)