Tuscany Overview Oil focussed. Horizontal development drilling. Core areas Evesham and Macklin, Sask. Balance sheet integrity. Ongoing exploration. TSXV: TUS November 6, 2014 2
Operation Update July, 2014 raised 3 MM. July drilled a Rutland HZ Dina oil well. August drilled 2 Evesham HZ Dina oil wells. August- September drilled 2 Macklin HZ Dina oil wells. September drilled a Macklin disposal well which…
Production Revenue TSXV: TUS November 6, 2014 4
Corporate Overview Shares 46.2 million outstanding: Fully diluted: 52.0 million Mgmt./Directors: 37.1 % ownership Net debt: July 2014 4.2 mm Bank Line: 8.5 mm Market Cap: 20.3 mm Debt/Cashflow* : 0.6 years (*Q2 2014…
Experienced Leadership MANAGEMENT BOARD OF DIRECTORS Robert Lamond CEO & Chairman Robert Lamond (Chairman) Czar, Orbit Donald K. Clark Donald K. Clark COO &VP Ops. Charles A. Teare Czar, Orbit Robert L. McPherson Charles A. Teare…
Management Tuscany Management Team TSXV: TUS November 6, 2014 7
Asset Overview Tuscanys oil assets are concentrated in the Evesham / Macklin corridor, an area with many heavy oil discoveries. . SASKATOON TSXV: TUS November 6, 2014 10
Dina Oil Fairway Macklin Evesham Tuscany lands Dina production TSXV: TUS November 6, 2014 11
Well Logs Showing Dina Oil Pay TSXV: TUS November 6, 2014 12
By-passed Oil Pay - Dina Grd Level 1 100 ohms 750 Metres 100 ohms OIL high resistivity DINA SAND 1 ohm WATER low resistivity TSXV: TUS November 6, 2014 13
Dina Oil Play TSXV: TUS November 6, 2014 14
Vertical and Horizontal Drilling Horizontal Well 91/2-21 Vertical Well 2-21 EVESHAM BASE MAP TSXV: TUS November 6, 2014 15
Evesham Vertical Drilling Grd Level 750 Metres Perfs OIL DINA SAND WATER TSXV: TUS November 6, 2014 16
Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS November 6, 2014 17
Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls 91/2-21 Horizontal Well Cum Oil = 38,603 bbls Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS November 6, 2014 18
Key Development Factors Significant pay thickness. Sizeable structural high. Horizontal drilling. Slotted liner in pay zone. Water disposal facilities. Use natural gas. High oil prices. TSXV: TUS November 6, 2014 19
Evesham Slotted Liner Run in the Horizontal Section TSXV: TUS November 6, 2014 20
Evesham Evesham is a key growth asset, with 16 horizontal Dina heavy oil wells drilled to date. Tuscany 60% WI & operator. 13 producing horizontal Dina oil wells and 3 shut in awaiting pipeline. 3D seismic & geological control.…
Evesham Evesham 10-21-39-27 W3 Battery TSXV: TUS November 6, 2014 22
Evesham Dina Production Evesham Dina Production September 2014 45,000 Tuscany Horizontal Wells In Chronological Order 40,000 n 35,000 Cron ologi cal 30,000 Orde SI rwaiting 25,000 on water disposal 20,000 pipeline 15,000…
Evesham Evesham 10-21 Battery with Drilling Rig on 97/15-16 TSXV: TUS November 6, 2014 24
Macklin 3D Seismic Tuscany 100 % WI. Eleven producing wells and four shut-in oil wells. 3D seismic and geological control. One new well drilled in August 2014 and one drilled in September 2014. 7-33 disposal well delinated…
Macklin Macklin 2-33 Battery. TSXV: TUS November 6, 2014 26
Macklin Dina Production Macklin Dina Production September 2014 40,000 Tuscany Horizontal Wells In Chronological Order 35,000 30,000 Old Horizontal Wells 25,000 20,000 * 15,000 10,000 Vertical 5,000 0 * New oil…
Macklin Macklin 93/6-33-39-28W3 Electric Driver for PC Pump. TSXV: TUS November 6, 2014 28
Macklin North Base Cummings Coal Structure TSXV: TUS November 6, 2014 29
Macklin North - 7-33-39-28W3 Dina Log TSXV: TUS November 6, 2014 30
Macklin North Dina Amplitude TSXV: TUS November 6, 2014 31
Macklin North Dina Seismic Cross-section DINA SAND INTERVAL TSXV: TUS November 6, 2014 32
Dina Estimated Well Reserves Oil Reserve Calculation 50 metre spacing Area = 10 acres Pay = 26 feet Porosity = 33 % Water Saturation = 20 % Oil Formation Volume Factor = .95 Fraction Original Oil In Place 505,000 bbls Recovery…
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 32 MORGAN (Lloydminster) 10 70 PROVOST ( 2 Properties) 2 6…
Q4 2014 Drilling Program HZ WELLS STATUS MACKLIN (Dina) 2 Locations WINTER 1 Location MORGAN 1 Location Macklin (Sparky) 1 Location --------------- TOTAL 5 TSXV: TUS November 6, 2014 35
December 31, 2013 Reserves Report Oil & Natural Combined NGLs Gas Gas 6:1 NPV10* (mbbls) (mmcf) (mboe) (mm) Developed Producing 522 1,312 741 12.6 Non-producing 132 22 135 3.5 Undeveloped 449 - 449 6.5 Total Proved 1,103 1,334…
Why Invest In Tuscany Undervalued. Low debt leverage. Oil focussed. Active development program with multiple projects. Defined exit strategy TSXV: TUS November 6, 2014 37
Additional Prospects Macklin: Sparky Winter: Dina Morgan : Lloydminster Provost: Dina To expedite development Tuscany may be seeking a partner for some of these projects. TSXV: TUS November 6, 2014 38
Macklin Sparky Play Sparky Pool Outline TSXV: TUS November 6, 2014 39
Sparky Drilling Locations PROSPECT DESCRIPTION Tuscany Colony Gas Well 1,400 acres 100% WI IP: 75 200 bopd 100 Mstb/well recoverable Sparky Show (primary) 10 MMstb OOIP/Section 19 API Oil 32 HZ Sparky Locations (200m…
Sparky Logs 3-14 on prod; Feb, 2013. Cum: 35.6 MSTB 2-22 on prod; June, 2013. Cum: 36.2 MSTB TSXV: TUS November 6, 2014 41
Surge Provost 13-10-37-3W4 CUM OIL PROD: 44.5 MSTB 173 bopd 77 bopd TSXV: TUS November 6, 2014 42
Sparky and Dina Pool Outlines TSXV: TUS November 6, 2014 43
Winter 3D Seismic Type Log 6-36-42-25W3 TSXV: TUS November 6, 2014 44
Winter Type Log TSXV: TUS November 6, 2014 45
Morgan Lloydminster Pay (m) Type Log Type Log 11-31-51-3W4 12-32-51-3W4 Cum Oil 36.7 bbls TSXV: TUS November 6, 2014 46
Morgan Type Logs Type Log Cum Oil 36.7 bbls TSXV: TUS November 6, 2014 47
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