Tristar Oil & Gas Ltd. provided production guidance for the year of 2013 and 2014. For the year, the company anticipates that the 2014 budget will result in 2014 average production of greater than 10,100 boepd (85% light oil and liquids). TORC expects to exit 2014 at greater than 10,450 boepd (85% light oil and liquids) representing a 7% growth rate over exit 2013.

The company continues to maintain its outlook of a steady 25% decline profile even with the projected growth in production. This steady and predictable decline profile continues to provide TORC with the production base to achieve disciplined growth and a sustainable dividend. Annual cash flow for 2014 is anticipated to be approximately CAD 165 million based on average production of 10,100 boepd and CAD 90 Edmonton light oil and CAD 3.00 per mcf AECO pricing.

TORC currently has 5,000 bbls/d of oil production hedged through the remainder of 2013 and an average of 3,000 bbls/d currently hedged in 2014. The 2014 maintenence capex is expected to be at CAD 100 million and 2014 growth capex of CAD 25 million which makes 2014 total capex to be at CAD 125 million. 2013 exit guidance is for production to exceed 9,800 boepd (85% light oil and liquids).

TORC's net debt to cash flow continues to be below one times, as year-end 2013 net debt is estimated to be less than CAD 150 million relative to a CAD 350 million credit facility providing significant financial strength and flexibility.