Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 8 Key Information 8 Company Overview 8 Trilogy Energy Corp., Valuation and Financial Data 9 Trilogy Energy Corp., Share Price Performance 9 Share Price Performance, Q1, 2015-Q1, 2016 9 Trilogy Energy Corp., Key Valuation Metrics 10 Key Valuation Metrics, Q1, 2015-Q1, 2016 10 Trilogy Energy Corp., Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12 Trilogy Energy Corp., Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13 Trilogy Energy Corp., Quarterly Production Trends 14 Trilogy Energy Corp., Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15 Trilogy Energy Corp., Crude Oil Production 16 Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16 Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17 Trilogy Energy Corp., Natural Gas Production 18 Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18 Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19 Trilogy Energy Corp., Valuation and Financial Data, 2011-2015 20 Trilogy Energy Corp., Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Trilogy Energy Corp., Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Trilogy Energy Corp., E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 40 Oil and Gas Cost Per boe, US$/boe 42 Oil and Gas Cost Per boe, US$/boe, 2011-2015 42 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44 Trilogy Energy Corp., Reserve Replacement Ratio 46 Oil and Gas Production Replacement Ratio 46 Oil and Gas Production Replacement Ratio, 2011-2015 46 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48 Trilogy Energy Corp., Results of Oil & Gas Operations Trend 52 Oil and Gas Revenue and Expenses 52 Oil and Gas Revenue and Expenses, 2011-2015 52 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53 Oil and Gas Revenue and Expenses, Per boe 58 Oil and Gas Revenue and Expenses, By boe, 2011-2015 58 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59 Oil and Gas Performance Metrics 63 Trilogy Energy Corp., Land Holdings and Well Data 64 Developed and Undeveloped Acreage 64 Gross and Net Developed and Undeveloped Acreage, 2011-2015 64 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65 Well Statistics 67 Producible Oil and Gas Well, 2011-2015 67 Producible Oil and Gas Well, By Country/Region, 2011-2015 68 Exploration and Development Wells Drilled, 2011-2015 72 Recent Developments 73 Trilogy Energy Corp. - Recent Developments 73 Aug 04, 2016: Trilogy Energy Announces Financial And Operating Results For The Six Months-Ended June 30, 2016 73 May 17, 2016: Trilogy Energy Announces Amendments To Its Credit Facility 75 May 05, 2016: Trilogy Energy Announces Financial And Operating Results For The Three Months-Ended March 31, 2016 76 Mar 03, 2016: Trilogy Energy Announces Financial And Operating Results For The Quarter And Year-Ended December 31, 2015 78 Nov 05, 2015: Trilogy Energy Announces Financial And Operating Results For The Three And Nine Months-Ended September 30, 2015 And Provides Revised Guidance 79 Aug 18, 2015: Trilogy Energy Announces Impact Of Recent Suspension Of Alliance And TransCanada Pipeline Systems 80 Aug 05, 2015: Trilogy Energy Announces Financial And Operating Results For The Three And Six Months-Ended June 30, 2015 80 May 12, 2015: Trilogy Energy Provides Revolving Credit Facility Update 82 May 06, 2015: Trilogy Energy Announces Financial And Operating Results For The Three Months-Ended March 31, 2015 82 Mar 04, 2015: Trilogy Energy Announces Financial And Operating Results For The Quarter And Year-Ended December 31, 2014 And An Agreement With Canada Revenue Agency 83 Appendix 86 Methodology 86 Coverage 86 Secondary Research 86 Primary Research 86 Data Information Sources 87 Company Source 87 SEC/Other Regulatory Filings 87 Other Sources 87 Expert Panel Validation 87 Data Definition 87 Oil and Gas Reserves 87 Units of Measure 88 About GlobalData 88 Disclosure 88 Disclaimer 88

List of Tables Table 1: Trilogy Energy Corp., Key Facts 8 Table 2: Trilogy Energy Corp., Share Price Performance, Q1, 2015-Q1, 2016 9 Table 3: Trilogy Energy Corp., Key Valuation Metrics, Q1, 2015-Q1, 2016 10 Table 4: Trilogy Energy Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11 Table 5: Trilogy Energy Corp., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12 Table 6: Trilogy Energy Corp., Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13 Table 7: Trilogy Energy Corp., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14 Table 8: Trilogy Energy Corp., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15 Table 9: Trilogy Energy Corp., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16 Table 10: Trilogy Energy Corp., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17 Table 11: Trilogy Energy Corp., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18 Table 12: Trilogy Energy Corp., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19 Table 13: Trilogy Energy Corp., Share Price Performance, 2011-2015 20 Table 14: Trilogy Energy Corp., Key Valuation Metrics, 2011-2015 21 Table 15: Trilogy Energy Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Trilogy Energy Corp., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Trilogy Energy Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Trilogy Energy Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Trilogy Energy Corp., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Trilogy Energy Corp., Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Trilogy Energy Corp., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Trilogy Energy Corp., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Trilogy Energy Corp., Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Trilogy Energy Corp., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Trilogy Energy Corp., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Trilogy Energy Corp., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Trilogy Energy Corp., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Table 28: Trilogy Energy Corp., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41 Table 29: Trilogy Energy Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Table 30: Trilogy Energy Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45 Table 31: Trilogy Energy Corp., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 32: Trilogy Energy Corp., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51 Table 33: Trilogy Energy Corp., Revenue and Expenses, US$ mil, 2011-2015 52 Table 34: Trilogy Energy Corp., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57 Table 35: Trilogy Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Table 36: Trilogy Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62 Table 37: Trilogy Energy Corp., Oil and Gas Performance Metrics, 2011-2015 63 Table 38: Trilogy Energy Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Table 39: Trilogy Energy Corp., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 66 Table 40: Trilogy Energy Corp., Producible Oil and Gas Wells, 2011-2015 67 Table 41: Trilogy Energy Corp., Producible Oil and Gas Wells, By Country/Region, 2011-2015 71 Table 42: Trilogy Energy Corp., Exploratory and Developed Wells, 2011-2015 72 List of Figures Figure 1: Trilogy Energy Corp., Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 9 Figure 2: Trilogy Energy Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10 Figure 3: Trilogy Energy Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11 Figure 4: Trilogy Energy Corp., Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13 Figure 5: Trilogy Energy Corp., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14 Figure 6: Trilogy Energy Corp., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15 Figure 7: Trilogy Energy Corp., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16 Figure 8: Trilogy Energy Corp., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17 Figure 9: Trilogy Energy Corp., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18 Figure 10: Trilogy Energy Corp., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19 Figure 11: Trilogy Energy Corp., Share Price Performance, CAD/Share, 2011-2015 20 Figure 12: Trilogy Energy Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Trilogy Energy Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Trilogy Energy Corp., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Trilogy Energy Corp., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Trilogy Energy Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Trilogy Energy Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Trilogy Energy Corp., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Trilogy Energy Corp., Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Trilogy Energy Corp., Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Trilogy Energy Corp., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Trilogy Energy Corp., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Trilogy Energy Corp., Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Trilogy Energy Corp., Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Trilogy Energy Corp., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Trilogy Energy Corp., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: Trilogy Energy Corp., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: Trilogy Energy Corp., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: Trilogy Energy Corp., Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Trilogy Energy Corp., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Trilogy Energy Corp., Development Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 32: Trilogy Energy Corp., Exploration Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 33: Trilogy Energy Corp., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42 Figure 34: Trilogy Energy Corp., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 35: Trilogy Energy Corp., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 36: Trilogy Energy Corp., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 37: Trilogy Energy Corp., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46 Figure 38: Trilogy Energy Corp., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48 Figure 39: Trilogy Energy Corp., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48 Figure 40: Trilogy Energy Corp., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 41: Trilogy Energy Corp., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 42: Trilogy Energy Corp., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 43: Trilogy Energy Corp., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 44: Trilogy Energy Corp., Revenue and Expenses, US$ mil, 2011-2015 52 Figure 45: Trilogy Energy Corp., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53 Figure 46: Trilogy Energy Corp., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53 Figure 47: Trilogy Energy Corp., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 48: Trilogy Energy Corp., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 49: Trilogy Energy Corp., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55 Figure 50: Trilogy Energy Corp., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 51: Trilogy Energy Corp., Production Costs, By Country/Region, US$ mil, 2011-2015 56 Figure 52: Trilogy Energy Corp., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 53: Trilogy Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58 Figure 54: Trilogy Energy Corp., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 59 Figure 55: Trilogy Energy Corp., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59 Figure 56: Trilogy Energy Corp., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 57: Trilogy Energy Corp., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60 Figure 58: Trilogy Energy Corp., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 59: Trilogy Energy Corp., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61 Figure 60: Trilogy Energy Corp., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 61: Trilogy Energy Corp., Oil and Gas Performance Metrics, 2011-2015 63 Figure 62: Trilogy Energy Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64 Figure 63: Trilogy Energy Corp., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 64: Trilogy Energy Corp., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65 Figure 65: Trilogy Energy Corp., Producible Oil and Gas Wells, 2011-2015 67 Figure 66: Trilogy Energy Corp., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 68 Figure 67: Trilogy Energy Corp., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 68 Figure 68: Trilogy Energy Corp., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 69 Figure 69: Trilogy Energy Corp., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 69 Figure 70: Trilogy Energy Corp., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 71: Trilogy Energy Corp., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70 Figure 72: Trilogy Energy Corp., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 71 Figure 73: Trilogy Energy Corp., Exploratory and Developed Wells, 2011-2015 72