Confidential
Shale Gas Exploration & Development
Horn River, British Columbia, Canada
May 2009
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Confidential

Confidential
Forward looking statements
This presentation contains certain forward-looking statements, which include assumptions with respect to (i)
production; (ii) future capital expenditures; (iii) funds from operations; (iv) cash flow; and (v) debt levels. The reader is
cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward
looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond
Trivello Energy’s control. Such risks and uncertainties include, without limitation, risks associated with oil and gas
exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other
producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required
regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general
economic conditions in Canada and the United States, industry conditions, changes in laws and regulations (including
the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced,
changes in Federal and Provincial tax laws and legislation (including the adoption and implementation of new royalty
regimes), increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign
exchange or interest rates, stock market volatility and market valuations of companies with respect to announced
transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Trivello
Energy’s actual results, performance or achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by
the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of
proceeds, that Trivello Energy will derive therefrom. Readers are cautioned that the foregoing list of factors is not
exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to Trivello Energy or
persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the
forward-looking statements contained in this presentation are made as at the date of this presentation and Trivello
Energy does not undertake any obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise, except as may be required by
applicable securities laws.
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“Horn River could \"easily\" grow to
more than 50 trillion cubic feet,
making it by far the largest natural
gas field in Canada, if not North
America”.
- Wood Mackenzie
Scotland-based exploration consultants
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Company Overview
• Trivello Energy is an active oil and gas exploration and
development Company focused on the northwestern
sedimentary basin of North America.
• The Company is engaged in unconventional shale gas
exploration and development the Horn River basin located in
northeast British Columbia. Recent world-class discoveries,
and land lease sales have drawn serious attention to these
unconventional reserves.
• Conventional oil and gas development in Alberta is managed
through Trivello’s wholly owned subsidiary and bonded
Operator company, DevExco Resources Ltd. (DevExco).
• The Company is well positioned with a balance of proven and
undeveloped assets.
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Mission Statement
To actively participate in the exploration,
development and production of oil and natural gas
in North Western Sedimentary basin of North
America.
Vision Statement
To make an increasing contribution in energy
production to the global requirements for oil and
gas.
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Strategic Issues
• Energy is still strategic
• Lower exploration and development costs
• Lower energy prices have presented an asset
acquisition and development opportunity
• Long term world energy demand
• Conventional discoveries decreasing
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Strategy
• Investment based Company
• Deliver results today, build for the future
• Focus on repeatable opportunities for
long-life reserves
• Maximize production
• Growth through farm-in and acquisition
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LUCY Project - Horn River Basin
Northeast British Columbia, Canada
Present term impact with upside at reduced risk
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Lucy Property
Location NE British Columbia Canada
Resource Natural Gas
Gross Acres ~1,920
Target Formation Muskwa / Evie shale gas
Resource Potential ~123 Bcf of gas in place
Working Interest 10%
Potential Working 40%
Interest
Infrastructure Pipeline with capacity through NW corner of lease; high grade road to corner of
lease
Current Status 2 vertical wells drilled and cased
Drilling results to date • Well evaluation logs indicated ~60m pay
• Tested rock properties confirm consistent reservoir quality comparable or
higher than other successful regional Muskwa prospects
• Received formal 3 year extension from BC Oil & Gas commission to test the
Muskwa potential
Additional Upside • Project would assist in validation of overall reserves in area and potentially a
premium for the property
• Qualifies for an experimental scheme under BC Government regulations,
maintaining license extension and confidentially for a 3 year term
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Key Near Term Objectives
• Financing up to CDN $2.0 MM ($1.5MM flow
through eligible)
• Increase working interest in Lucy project
• Complete Phase I vertical fracture treatment
on Lucy Shale Gas property
• Flow test well, measure economics
• Tie-in vertical well to nearby pipeline
• Assess horizontal drilling and fracture
treatment
*Pending freeze over
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Lucy - Fracture Treatment Program
Phase 1: Vertical Well / Re-entry
1. Perforate the Muskwa interval
2. Perform a vertical shale gas fracture treatment
3. Test and evaluate pressures and production
4. Based on economics, equip and tie-in well pipeline ~1.4 km (~0.8 mi.)
away (pipeline traverses LUCY property)
Phase 2: Horizontal Well / Re-entry & Drill
1. Drill and gas a ~1000m (~3200 ft.) horizontal leg from the existing
cased vertical well
2. Perform a horizontal staged shale gas fracture treatment
3. Test and evaluate pressures and production
4. Based on economics, equip and tie-in well to pipeline ~0.25 km (~0.1
mi.) away
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Key Strategic Objectives
Natural Gas Price
$13
$12
Potential Natural Gas Price*
$11
$10
Q208 Q209
$9
“Above Financing for
$8 average” Q408 vertical
initial test TRV share fracture.
$7 Q108 results. consolidation TRV
Vertical 1 for 6 increases to
$6 Q1/Q210
drilling on 40% Horizontal
Q309
Lucy
$5 drilling on
Complete
completed to well
$4 vertical
depth. Q309 #2.Vertical
fracture, flow
Vertical on well #3
$3 test, and tie -
fracture
in
treatment
$2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
$1
2009
2008 2010
* Potential natural gas prices are speculative in nature.
According to to a Bloomberg survey released on March 2009 of 20
analysts,
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Lucy - Cost/Revenue Summary
Mcf/day
Total Project Cost (Net $000’s) 6,000
14,000
Total Annual Revenue (Net $000’s)
5,000
12,000 Production (Mcf/day)
4,000
8,000
3,000
6,000
2,000
4,000
1,000
2,000
Exploration Phase I Phase II
Vertical Well Horizontal Well
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Lucy Property Location
Lucy Property
Approx. 50km NE of
Fort Nelson, BC, Canada
Fort Nelson
Horn River basin
British Columbia Alberta
Edmonton
Calgary
Vancouver
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Lucy Property
Gross Acres ~1,920
Formation Muskwa / Evie shale gas
Potential ~123 Bcf of gas in place
Infrastructure Pipeline with capacity through NW corner of
lease; high grade road to corner of lease
Current 2 vertical wells drilled and cased with a third
Status historical well on the property.
Major Horn River exploration projects by other explorers
and producers (Nexen, EOG, Apache)
Major BC land purchases by other explorers and producers
Lucy property
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Activity around Lucy
• Apache Energy reports flow tests on three wells;
8.8 MMcf, 6.3 MMcf and 5.3 MMcf per day.
Estimates recoverable resource of up to 16 trillion
cubic feet.
• EOG Resources reports flow tests on three wells;
5.0 MMcf, 4.2 MMcf and 3.5 MMcf per day.
• Nexen reports flow test from Muskwa; 2.5 MMcf
per day
• Petro Canada acquires the majority of the land
around Lucy project
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Key Horn River Announcements
• January 4, 2009 - Encana Corp. announces the first
CDN$400 million dollar investment in building their multi-
billion dollar Cabin Gas plant located 60km northeast of
Fort Nelson;
• February 26, 2009 - Trans Canada Pipeline announces it
will invest CDN$340 million on a new Horn River pipeline
to be completed by mid-2011; and,
• March 13, 2009 - The BC government announces it will
invest $187 million over four years to upgrade the Sierra
Yoyo Desan Road improving access to the Horn River Basin
and increasing current traffic loads.
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Other Assets
Alexander - West of Edmonton, Alberta
•Consists of one section of land, with one producing oil well,
battery and water disposal well.
•Project started permanent production in fall 2007 with
production rates of 12-30 BOPD.
•Medium Crude with API rating of 25.5.
•Subsidiary currently owns 60% Revenue working Interest.
Crossfield - North of Calgary, Alberta
•Consists of one Oil well on _ section of land 100% owned by
Subsidiary.
•Produces 3 BOPD light sweet Crude Oil.
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Financing
1st Tranche = $2.0MM
C$MM Description Use of Proceeds
$1.5 Flow through Phase I - vertical fracture treatment,
flow and buildup to support reserves
evaluation
$0.5 Private Placement Tie-in to nearby pipeline
2nd Tranche = $4.0MM
$4.0 Flow through Phase II - Drill horizontal leg from
second vertical well bore; stimulate,
flow, buildup to support reserve
evaluation
*Pending freeze over
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Estimated project valuation
Lucy land value (undeveloped) $7.7MM
777 hectares X $10,000/ha (average)
Original gas in place (OGIP) 123Bcf
41 Bcf/section X 3 sections
Potential recoverable gas reserves 30.75Bcf
123 Bcf OGIP X 25% recovery rate
Potential recoverable gas reserves in the ground $30.75 MM
30.75 Bcf X $1 per mcf recovery reserves in the ground
Wells and facilities $5.0 MM
Total Project Valuation $35.75 MM
*Pending freeze over
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Why invest in Trivello Energy?
• Above average test results on Lucy Well with
potential of ~123 Bcf of gas in place
• Immediate impact, lower risk play (two wells
completed)
• Potential increase in working interest
• Experienced management team
• Strong capital efficiencies, low management cost
• Appreciating oil and gas prices from long term
global demand
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TSX Venture Exchange Symbol = TRV
Frankfurt = „T6U“ WKN A0JNAS
Trivello Energy Corp
Suite 509, 207 W. Hastings Str.
Vancouver, BC, Canada
Tel: + 604.687.3113
Tel: + 888.687.3113
info@trivello.com
www.trivello.com
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