TriOil Resources Ltd. says that its year-end exit production exceeded 3,450 boe/d (70% oil and liquids) based on field estimates, in line with its 3,400-3,600 boepd guidance. We achieved strong production growth in 2012, entirely through the drill bit, with corporate production up 80% from our 1,900 boepd 2011 exit production rate.

Current production exceeds 3, 600 boepd ( 70% oil and liquids) based on field estimates an d our 2013 light oil development programs at Lochend and Kaybob are off to active and encouraging starts to the year. We are planning to provide details of our 201 3 capital plan and guidance together with a detailed operational overview in early February, 2013. In the interim, we are pleased to provide the following operations update.

TriOil has established strong operational positions in two top-tier light oil resource projects at Lochend and Kaybob. Both projects are delivering strong netbacks and solid capital efficiencies and provide TriOil with repeatable, scalable light oil development growth potential for the next several years.

Tags: TriOil Resources Ltd.