TriOil Resources Ltd. (TSXV: TOL) has approved a capital expenditure program of $93 million for 2013.
TriOil’s board of directors has formed a committee of independent directors, the special committee, to conduct a strategic review of the company’s business plan and to consider additional means to enhance shareholder value.
Capital Budget and Guidance
The 2013 capital budget will focus on the development of TriOil’s Cardium and Dunvegan light oil plays and provides continued production growth while maintaining the company’s strong financial position. Approximately 45% of the 2013 Capital Budget will ...