TriOil announces successful Cardium light oil well at Lochend flowing at 1,320 boe/d and an expanded inventory of higher impact Cardium locations

CALGARY, Nov. 6, 2011 /CNW/ - TriOil Resources Ltd. ("TriOil" or the "Company") (TSXV: TOL) - continues to successfully execute a horizontal multi-stage completion strategy to delineate and exploit its significant Cardium position at Lochend and reports its strongest well result to date.

The latest well in our Lochend horizontal development program was completed with a 20 stage slick water fracture stimulation. The well flowed hydrocarbons over an extended 6 day test period at an average rate of 1,180 barrels per day of oil and 0.85 mmcf of natural gas per day, for a total average rate of 1,320 barrels of oil equivalent per day, with a water cut of 5 percent and a final flowing wellhead tubing pressure of approximately 1,300 kPa. TriOil owns a 20 percent interest in this well and expects it to be on production in late November.

TriOil has identified 13 (6.9 net) horizontal development locations within the higher impact central Lochend trend.  The Company is actively drilling on the central Lochend trend, with 1 (0.675 net) horizontal well drilled and waiting on completion, 1 (0.675 net) horizontal well currently drilling, 1 (0.60 net) expected to commence drilling in late November and additional wells planned in our 2012 capital program.

TriOil previously announced a 784 barrel of oil equivalent per day Cardium result and we are pleased to provide additional details on this well. The well flowed hydrocarbons over a 101 hour period at an average rate of 593 barrels per day of oil and 1.1 mmcf of natural gas per day, for a total average of 784 barrels of oil equivalent per day, with a water cut of 5% and a final flowing wellhead tubing pressure of 2,750 kPa. TriOil owns a 50 percent working interest in this well. This well is the first well drilled on our significant land holdings on the western Lochend Cardium trend and extends the play approximately 4 miles west of the majority of the drilling activity. The well produced high quality 45 degree API light oil during its test period, considerably lighter than any other Cardium production reported on the Lochend trend to date.  This well is scheduled to be on production in the middle of November.

The central and western portions of the Lochend Cardium trend appear to benefit from increased depth and pressure, a natural fracturing overprint due to the proximity of the foothills disturbed belt, areas of moderately better porosity and permeability, and in the case of the western most well, an increase in the API of the oil to 45 degrees. We expect these factors will translate into higher well production performance as seen in our latest test results.

Based on the western well result, offsetting core and log data, coupled with newly acquired geophysical data, we have de-risked approximately 13 sections of land where TriOil owns working interests ranging from 50 to 100 percent. Our inventory of higher impact Cardium locations has increased to 49 (30 net) on our western Lochend block and 13 (6.9 net) in the central Lochend area.

We look forward to providing additional information on our Lochend Cardium light oil program in conjunction with the Company's third quarter results in late November, 2011.

TriOil is a publicly traded junior oil resource player in Western Canada. Substantial land positions have been acquired on early stage light oil resource opportunities to capitalize on improvements in horizontal drilling and multi-stage fracture stimulation technologies, specifically targeting opportunities in the emerging Cardium oil trends in Alberta. TriOil has successfully executed its business plan and has positioned the Company for solid growth in production, reserves and shareholder value.

TriOil trades on the TSX Venture Exchange under the symbol "TOL". As of November 4, 2011, there were approximately 31.3 million shares issued and outstanding (35.4 million fully diluted).

Forward Looking Statements
This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "believe", "plans", "intends", "confident", "may", "objective", "ongoing", "will", "should", "project", and similar expressions are intended to identify forward-looking information. More particularly, this document contains forward looking statements which include, but are not limited to, expected future drilling and completion plans, expected production and reserves growth, expectations about the Company's 2012 capital program and the future operations of TriOil.

The forward-looking statements contained in this document are based on certain key expectations and assumptions made by TriOil, including with respect to the anticipated exploration and development opportunities and the outlook for the fiscal year ending December 31, 2011 and 2012, expectations and assumptions concerning the success of future exploration and development activities, production guidance, the performance of new wells, prevailing commodity prices and the availability of additional capital if and when required by the Corporation.

Any references in this news release to initial and/or final raw test or production rates and/or "flush" production rates or 30, 60 and 90 day production rates are useful in confirming the presence of hydrocarbons, however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter. Additionally, such rates may also include recovered "load oil" fluids used in well completion stimulation. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for the Company.

Although TriOil believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because TriOil can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Certain of these risks are set out in more detail in TriOil's Annual Information Form which has been filed on SEDAR and can be accessed at www.sedar.com and TriOil's other public disclosure documents which have been filed on SEDAR and can be accessed at www.sedar.com.

The forward-looking statements contained in this press release are made as of the date hereof and TriOil undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Meaning of BOE

The term "barrels of oil equivalent" or "boe" may be misleading, particularly if used in isolation. A boe conversion of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE TriOil Resources Ltd.

For further information:

Russell J. Tripp, President & CEO, TriOil Resources Ltd.; Cheryne Johnson, VP Finance & CFO, TriOil Resources Ltd.; Andrew Wiacek, VP Exploration, TriOil Resources Ltd.; Corporate Phone: (403) 265-4115

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TriOil Resources Ltd.

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