M&A Deal Summary

ORLEN Upstream sp. z o.o. Acquires TriOil Resources

On September 16, 2013, ORLEN Upstream sp. z o.o. acquired oil/gas exploration company TriOil Resources for 184M CAD

Acquisition Highlights

This is ORLEN Upstream sp. z o.o.’s 1st transaction in the Oil/Gas Exploration sector.
This is ORLEN Upstream sp. z o.o.’s 0th largest (disclosed) transaction.
This is ORLEN Upstream sp. z o.o.’s 1st transaction in Canada.
This is ORLEN Upstream sp. z o.o.’s 1st transaction in Alberta.

M&A Deal Summary
Date	2013-09-16
Target	TriOil Resources
Sector	Oil/Gas Exploration
Buyer(s)	ORLEN Upstream sp. z o.o.
Deal Type	Add-on Acquisition
Deal Value	184M CAD
Advisor(s)	Peters & Co. Ltd. GMP Securities LP (Financial)

Target

TriOil Resources

Calgary, Alberta, Canada

TriOil Resources Ltd. is a junior oil and natural gas Company in Western Canada with a highly motivated, proven management team. TriOil has built significant land positions on a portfolio of emerging light oil resource plays, specifically targeting the Cardium and Dunvegan oil trends at Lochend, Alberta. We are at the early stage of development drilling on both projects and intend to capitalize on improvements in horizontal drilling and multi-stage fracture stimulation technologies to effectively exploit our multi-year drilling inventory.

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