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August 2015 Investor Presentation – Tuscany Energy Ltd.

Tuscany Energy Ltd. · Aug 14, 2015 · 41 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. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 1
    TSXV: TUS AUGUST 14, 2015
  2. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 2
    Why Buy Tuscany Now Tuscany has built a large inventory of horizontal oil locations 80 to 191 potential locations in eight areas(1) 34 of potential locations booked in reserve report Tuscany trades at a large discount to 10%…
  3. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 3
    Tuscanys Oil Exposure Revenue distribution Revenue distribution by product by province AB 11% SASK 89% Q2 2015 TSXV: TUS AUGUST 14, 2015 3
  4. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 4
    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. Abundant energy financing. Lack of OPEC…
  5. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 5
    Oil Price Recovery Oil price will recover due to; Large drop in US horizontal drilling. US oil production peaking. Increasing U.S. and China energy demand. Increasing number of financially stressed energy companies. Greatly…
  6. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 6
    US Oil Price vs Oil Rig Count 17-August-2015 US Crude Oil Price / Oil Rig Count Monthly 135 1,750 120 1,500 Oil Rig Count, last week of month (source: Baker Hughes) Oil price, monthly avg (/bbl, WTI; source: EIA) 105…
  7. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 7
    US Oil Price vs Oil Rig Count 14-August-2015 US Crude Oil Price / Oil Rig Count Weekly 112 1,700 106 1,600 100 1,500 94 1,400 Oil Price (WTI; source: EIA) Oil Rig Count (source: Baker Hughes) Oil rigs 88 1,300 82…
  8. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 8
    US Oil Production vs Oil Rig Count 14-August-2015 US Crude Oil Production / Oil Rig Count Weekly 10.0 1,800 1,700 U.S. production rollover 1,600 1,500 9.5 1,400 (million BBLS Oil/Day; source: EIA) 1,300 Oil Rig…
  9. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 9
    Tuscany Overview Oil focussed asset base in Saskatchewan. Substantial oil in place reserves. Large horizontal development well inventory. Proven development areas - Evesham and Macklin locations offsetting producing wells. Balance…
  10. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 10
    Capital Structure (millions unless otherwise indicated) Shares outstanding: 50.7 Fully diluted: 54.4 Management ownership: 34% Net debt June 30, 2015(1) 6.4 Bank line 8.5 Market cap: (at 0.13/share) 6.6 Debt/Cash Flow: Estimate…
  11. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 11
    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 AUGUST…
  12. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 12
    Operating Highlights Q2 Q1 Year ( thousands Unless otherwise indicated) 2015 2015 2014 Production (BOEd) 811 879 751 Oil price (/Bbl) 51.32 36.33 73.19 Revenue 3,396 2,630 17,607 Revenue from oil 94% 93% 92% Cash Flow from…
  13. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 13
    Operating Results TSXV: TUS AUGUST 14, 2015 13
  14. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 14
    Operating Results TSXV: TUS AUGUST 14, 2015 14
  15. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 15
    Growth in Reserves and NPV * * * *This does not represent fair market value of the assets or the future net revenue attributable thereto. TSXV: TUS AUGUST 14, 2015 15
  16. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 16
    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…
  17. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 17
    Key Property Location Tuscanys oil assets are concentrated in the heavy oil prone corridor near Lloydminster TSXV: TUS AUGUST 14, 2015 17
  18. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 18
    Area Activity Map TSXV: TUS AUGUST 14, 2015 18
  19. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 19
    Well Logs Showing Dina Oil Pay TSXV: TUS AUGUST 14, 2015 19
  20. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 20
    Evesham Dina Oil Play TSXV: TUS AUGUST 14, 2015 20
  21. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 21
    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…
  22. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 22
    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…
  23. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 23
    Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls 97/15-16 Horizontal Well Cum Oil =49,904 bbls (to July 2015) Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS AUGUST 14, 2015 23
  24. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 24
    Evesham Dina Production Cumulative Production to July 2015 55,000 Tuscany Horizontal Wells ( In chronological order left to right ) 50,000 45,000 40,000 Estimated Bbls to payout a 35,000 well at 60 US-WTI oil(1) 30,000 25,000 *…
  25. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 25
    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…
  26. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 26
    Macklin Type Curve - Well Economics Type Wells generates an NPV10% of 2.3 million WTI70US/Bbl WTI 60US/Bbl based on McDaniel January Payout 0.5 years (50cdn at well) 1, 2015 price forecast ROI 80% Payout < 1.0 year ROI 49% WTI…
  27. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 27
    Winter Dina Location TSXV: TUS June 10, 2015 27
  28. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 28
    Winter Dina 3D Seismic Type Log 6-36-42-25W3 TSXV: TUS June 10, 2015 28
  29. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 29
    Winter Type Log TSXV: TUS June 10, 2015 29
  30. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 30
    Macklin Sparky Play Sparky Pool Outline TSXV: TUS AUGUST 14, 2015 30
  31. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 31
    Maclin Sparky and Dina Pool Outlines Dina wells Sparky wells TSXV: TUS AUGUST 14, 2015 31
  32. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 32
    Macklin Sparky Logs 4-14 on prod; Aug, 2013. July 2015 cum: 39.4 MSTB 2-22 on prod; June, 2013. July 2015 cum: 46.4 MSTB TSXV: TUS AUGUST 14, 2015 32
  33. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 33
    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…
  34. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 34
    Analyst Coverage Acumen Capital Financial Partners Limited Trevor Reynolds Industrial Alliance Securities Inc. Michael Charlton TSXV: TUS AUGUST 14, 2015 34
  35. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 35
    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
  36. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 36
    Macklin Tuscanys management team. TSXV: TUS AUGUST 14, 2015 38
  37. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 37
    Macklin Macklin 93/6-33-39-28W3 Electric Driver for PC Pump. TSXV: TUS AUGUST 14, 2015 39
  38. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 38
    Macklin Slotted liner awaiting installation. TSXV: TUS AUGUST 14, 2015 40
  39. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 39
    Evesham Evesham 10-21-39-27 W3 Battery TSXV: TUS AUGUST 14, 2015 41
  40. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 40
    Evesham Evesham 10-21 Battery with Drilling Rig on 97/15-16 TSXV: TUS AUGUST 14, 2015 42
  41. August 2015 Investor Presentation – Tuscany Energy Ltd. – slide 41
    Macklin Macklin 2-33 Battery. TSXV: TUS AUGUST 14, 2015 43

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