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September 2015 Corporate Presentation – Tuscany Energy Ltd.

Tuscany Energy Ltd. · Sep 18, 2015 · 43 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. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 1
    TSXV: TUS September 8, 2015
  2. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 2
    Why Buy Tuscany Now Tuscany has built a large inventory of horizontal oil locations on properties with significant potential oil in place 80 to 191 potential locations in eight areas(1) 34 of potential locations booked in reserve…
  3. September 2015 Corporate 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 SEPTEMBER 8, 2015 3
  4. September 2015 Corporate 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. September 2015 Corporate 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. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 6
    US Oil Price vs Oil Rig Count 8-Sep-2015 US Crude Oil Price / Oil Rig Count Monthly 135 1,750 Oil Rig Count, last week of month (source: Baker Hughes) 120 1,500 Oil price, monthly avg (/bbl, WTI; source: EIA) 105…
  7. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 7
    US Oil Price vs Oil Rig Count 8-Sep-2015 US Crude Oil Price / Oil Rig Count Weekly 112 1,700 106 1,600 100 1,500 Oil rigs Oil Rig Count (source: Baker Hughes) 94 1,400 Oil Price (WTI; source: EIA) 88 1,300 82…
  8. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 8
    US Oil Production vs Oil Rig Count 8-Sep-2015 US Crude Oil Production / Oil Rig Count Weekly 10.0 1,800 1,700 Production Plateauing 1,600 1,500 9.5 1,400 Oil Rig Count (source: Baker Hughes) (million BBLS Oil/Day;…
  9. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 9
    Tuscany Overview Oil focussed asset base in Saskatchewan. Substantial Discovered Oil Initially in Place. Large horizontal development well inventory. Proven development areas - Evesham and Macklin locations offsetting producing…
  10. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 10
    Capital Structure (millions unless otherwise indicated) Shares outstanding: 50.6 Fully diluted: 54.3 Management ownership: 36% Net debt June 30, 2015(1) 6.5 Bank line 8.5 Market cap: (at 0.13/share) 6.6 Debt/Cash Flow: Q2…
  11. September 2015 Corporate 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…
  12. September 2015 Corporate 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. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 13
    Operating Results TSXV: TUS SEPTEMBER 8, 2015 13
  14. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 14
    Operating Results TSXV: TUS SEPTEMBER 8, 2015 14
  15. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 15
    Growth in Reserves and NPV * * * *Net present value 10% is based on McDaniel reserve report and pricing as at December 31, 2014 (see Tuscanys AIF for year ended December 31, 2014) and does not represent fair market value of…
  16. September 2015 Corporate 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. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 17
    Discovered Oil Initially in Place Millions of barrels of oil equivalent(1) COMPANY TOTAL SHARE EVESHAM (Dina) 42.2 25.3 MACKLIN (Dina) 80.6 80.6 TOTAL 122.8 105.9 (1) Companys working interest share before deducting…
  18. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 18
    Contingent Resource-Best Estimate Millions of barrels of oil equivalent(1) COMPANY TOTAL SHARE EVESHAM (Dina) 3.6 2.2 MACKLIN (Dina) 5.5 5.5 TOTAL 9.1 7.7 (1) Companys working interest share before deducting royalties. Based…
  19. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 19
    Key Property Location Tuscanys oil assets are concentrated in the heavy oil prone corridor near Lloydminster TSXV: TUS SEPTEMBER 8, 2015 19
  20. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 20
    Area Activity Map TSXV: TUS SEPTEMBER 8, 2015 20
  21. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 21
    Well Logs Showing Dina Oil Pay TSXV: TUS SEPTEMBER 8, 2015 21
  22. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 22
    Evesham Dina Oil Play TSXV: TUS SEPTEMBER 8, 2015 22
  23. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 23
    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…
  24. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 24
    Evesham Dina Oil Pool Tuscany - 60% working interest (Husky 40%) Drilled 16 horizontal wells. Discovered Oil Initially in Place: 42 million barrels (25 million barrels net)(4) 2P Reserves 2014 919 MBOE(1) 8 proved and 3 probable…
  25. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 25
    Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls 97/15-16 Horizontal Well Cum Oil =50,028 bbls (to August, 2015) Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS SEPTEMBER 8, 2015 25
  26. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 26
    Evesham Dina Production Cummulative Production to August 2015 60,000 Tuscany Horizontal Wells 55,000 (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…
  27. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 27
    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…
  28. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 28
    Winter Dina Location TSXV: TUS June 10, 2015 28
  29. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 29
    Winter Dina 3D Seismic Type Log 6-36-42-25W3 TSXV: TUS June 10, 2015 29
  30. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 30
    Winter Type Log TSXV: TUS June 10, 2015 30
  31. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 31
    Macklin Sparky Play Sparky Pool Outline TSXV: TUS SEPTEMBER 8, 2015 31
  32. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 32
    Maclin Sparky and Dina Pool Outlines Dina wells Sparky wells TSXV: TUS SEPTEMBER 8, 2015 32
  33. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 33
    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 SEPTEMBER 8, 2015 33
  34. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 34
    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…
  35. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 35
    Analyst Coverage Acumen Capital Financial Partners Limited Trevor Reynolds Industrial Alliance Securities Inc. Michael Charlton TSXV: TUS SEPTEMBER 8, 2015 35
  36. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 36
    Advisories Presentation of Oil and Gas Information (continued) The discounted and undiscounted net present value of future net revenues attributable to reserves does not represent the fair market value of such reserves. There is no…
  37. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 37
    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
  38. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 38
    Macklin Tuscanys management team. TSXV: TUS SEPTEMBER 8, 2015 41
  39. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 39
    Macklin Macklin 93/6-33-39-28W3 Electric Driver for PC Pump. TSXV: TUS SEPTEMBER 8, 2015 42
  40. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 40
    Macklin Slotted liner awaiting installation. TSXV: TUS SEPTEMBER 8, 2015 43
  41. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 41
    Evesham Evesham 10-21-39-27 W3 Battery TSXV: TUS SEPTEMBER 8, 2015 44
  42. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 42
    Evesham Evesham 10-21 Battery with Drilling Rig on 97/15-16 TSXV: TUS SEPTEMBER 8, 2015 45
  43. September 2015 Corporate Presentation – Tuscany Energy Ltd. – slide 43
    Macklin Macklin 2-33 Battery. TSXV: TUS SEPTEMBER 8, 2015 46

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