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June 2015 Corporate Presentation – Tuscany Energy Ltd.

Tuscany Energy Ltd. · Jun 2, 2015 · 39 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 1
    TSXV: TUS June 2015
  2. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 2
    Tuscanys Oil Exposure Revenue distribution Revenue distribution by product by province Q1 2015 TSXV: TUS June 2015 3
  3. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 3
    2014-2015 Oil Price Collapse Collapse in world oil prices due to; Increase in US Drilling. Success of fracked horizontal tight shale wells. Large increase in North American production. Lack of OPEC cut-back in production. TSXV:…
  4. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 4
    2015 Oil Price Recovery Oil price recovery due to; Large drop in US horizontal drilling. Bakken production peaking. US Oil production peaking. Increasing gasoline demand. TSXV: TUS June 2015 5
  5. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 5
    US Oil Price vs Oil Rig Count TSXV: TUS June 2015 6
  6. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 6
    US Oil Price vs Oil Rig Count TSXV: TUS June 2015 7
  7. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 7
    US Oil Production vs Oil Rig Count TSXV: TUS June 2015 8
  8. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 8
    Tuscany Overview Oil focussed asset base in Saskatchewan Large horizontal development well inventory Proven development areas - Evesham and Macklin locations offsetting producing wells Balance sheet integrity Strategic low cost…
  9. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 9
    Capital Structure (millions unless otherwise indicated) Shares outstanding: 51.0 Fully diluted: 56.9 Management ownership: 34% Net debt(1) 7.2 Bank line 8.5 Market cap: (at 0.25/share) 12.8 Debt/Cash Flow: Q1 2015(1)(2) 3.5 X…
  10. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 10
    2014 Review Raised 5.3 million. Drilled 8 Horizontal Dina oil wells; Two at Evesham, Five at Macklin, and One at Rutland Drilled initial Horizontal Lloydminster well at Morgan. Drilled a Macklin disposal well TSXV: TUS June…
  11. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 11
    Operating Highlights Q1 Q1 Year ( thousands Unless otherwise indicated) 2015 2014 2014 Production (BOEd) 879 675 751 Oil price (/Bbl) 36.33 74.08 73.19 Revenue 2,630 4,057 17,607 Revenue from oil 93% 91% 92% Cash Flow from…
  12. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 12
    Operating Results TSXV: TUS June 2015 13
  13. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 13
    Operating Results TSXV: TUS June 2015 14
  14. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 14
    Growth in Reserves and NPV * * * *This does not represent fair market value of the assets or the future net revenue attributable thereto. TSXV: TUS June 2015 15
  15. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 15
    Net Asset Value Proven Reserves (NPV 10%)(1)(7) 30.9 0.60 Probable Reserves (NPV 10%)(1)(7) 31.1 0.61 Undeveloped land (50 per acre)(2) 3.3 0.06 Abandonment liability(3) (1.0) (0.02) Net debt(4) (6.7) (0.13) Net Asset Value…
  16. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 16
    Key Property Location Tuscanys oil assets are concentrated in the heavy oil prone corridor near Lloydminster TSXV: TUS June 2015 17
  17. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 17
    Well Logs Showing Dina Oil Pay TSXV: TUS June 2015 18
  18. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 18
    Evesham Dina Oil Play TSXV: TUS June 2015 19
  19. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 19
    Key Development Factors Significant pay thickness increases oil reserves Large structures provide repeatable development locations Horizontal drilling enhances oil recovery Use of slotted liner reduces capital costs. No frac…
  20. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 20
    Evesham Dina Oil Pool Tuscany - 60% Working interest (Husky 40%) Drilled 16 Horizontal wells to end of 2014 2P Reserves 2014 919 MBOE(1) 8 proved and 3 probable locations booked(1) 27 potential locations(2) Production 2014 376…
  21. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 21
    Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls 97/15-16 Horizontal Well Cum Oil =47,302 bbls (to April 2015) Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS June 2015 22
  22. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 22
    Evesham Dina Production Estimated Bbls to payout a well at 60 US WTI oil(1) * Shut-in, waiting on water disposal pipeline * * (1) Estimated payouts assumes a capital cost of 840,000, current foreign exchange rates,…
  23. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 23
    Macklin Dina Oil Pool Tuscany 100 % WI. Drilled 14 Dina oil wells to year end 2014 Three shut-in Dina oil wells 3D seismic and geological control. 2P Reserves 2014 1,590 BOE(1) 9 proved and 8 probable booked locations(1) 43…
  24. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 24
    Macklin Type Curve - Well Economics Type Wells generates an NPV10% WTI 60US/Bbl of 2.3 million based on McDaniel (54cdn at well) January 1, 2015 price forecast WTI70US/Bbl Payout < 1.0 year Payout 0.6 years ROI 50% WTI 50US/Bbl ROI…
  25. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 25
    Winter Dina Location TSXV: TUS June 2015 26
  26. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 26
    Winter Dina 3D Seismic Type Log 6-36-42-25W3 TSXV: TUS June 2015 27
  27. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 27
    Winter Type Log TSXV: TUS June 2015 28
  28. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 28
    Macklin Sparky Play Sparky Pool Outline TSXV: TUS June 2015 29
  29. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 29
    Maclin Sparky and Dina Pool Outlines Dina wells Sparky wells TSXV: TUS June 2015 30
  30. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 30
    Macklin Sparky Logs 4-14 on prod; Aug, 2013. March 2015 cum: 36.09 MSTB 2-22 on prod; June, 2013. March 2015 cum: 42.4 MSTB TSXV: TUS June 2015 31
  31. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 31
    TOTAL DEVELOPMENT POTENTIAL Potential horizontal locations LOW CASE HIGH CASE EVESHAM (Dina) 20 27 EVESHAM (Cummings) 2 4 MACKLIN (Dina) 20 43 MACKLIN (Sparky) 14 24 MORGAN (Lloydminster) 10 70 PROVOST ( 2 Properties) 2 6…
  32. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 32
    Analyst Coverage Acumen Capital Financial Partners Limited Trevor Reynolds Industrial Alliance Securities Inc. Michael Charlton TSXV: TUS June 2015 33
  33. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 33
    For further information, please visit: www.tuscanyenergy.com Suite 1800 633 6th Avenue S.W. Tel: (403) 269-9889 TSXV: TUS Calgary, AB T2P 2Y5 Fax: (403) 269-9890
  34. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 34
    Macklin Tuscanys management team. TSXV: TUS June 2015 37
  35. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 35
    Macklin Macklin 93/6-33-39-28W3 Electric Driver for PC Pump. TSXV: TUS June 2015 38
  36. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 36
    Macklin Slotted liner awaiting installation. TSXV: TUS June 2015 39
  37. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 37
    Evesham Evesham 10-21-39-27 W3 Battery TSXV: TUS June 2015 40
  38. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 38
    Evesham Evesham 10-21 Battery with Drilling Rig on 97/15-16 TSXV: TUS June 2015 41
  39. June 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 39
    Macklin Macklin 2-33 Battery. TSXV: TUS June 2015 42

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