Tuscany Overview Oil focussed. Horizontal development drilling. Core areas Evesham and Macklin, Sask. Balance sheet integrity. Ongoing exploration. TSXV: TUS July 28, 2014 2
Production Revenue TSXV: TUS July 28, 2014 3
Corporate Overview Shares 46.2 million outstanding: Fully diluted: 52.0 million Mgmt./Directors: 37.1 % ownership Net debt: July 2014 4.4 mm Bank Line: 8.5 mm Market Cap: 18.9 mm Debt/Cashflow* : 0.6 years (*Q1 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 July 28, 2014 6
Asset Overview Tuscanys oil assets are concentrated in the Evesham / Macklin corridor, an area with many heavy oil discoveries. . SASKATOON TSXV: TUS July 28, 2014 9
Dina Oil Fairway Macklin Evesham Tuscany lands Dina production TSXV: TUS July 28, 2014 10
Well Logs Showing Dina Oil Pay TSXV: TUS July 28, 2014 11
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 July 28, 2014 12
Dina Oil Play TSXV: TUS July 28, 2014 13
Vertical and Horizontal Drilling Horizontal Well 91/2-21 Vertical Well 2-21 EVESHAM BASE MAP TSXV: TUS July 28, 2014 14
Evesham Vertical Drilling Grd Level 750 Metres Perfs OIL DINA SAND WATER TSXV: TUS July 28, 2014 15
Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS July 28, 2014 16
Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls 91/2-21 Horizontal Well Cum Oil = 37,483 bbls Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS July 28, 2014 17
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 July 28, 2014 18
Evesham Slotted Liner Run in the Horizontal Section TSXV: TUS July 28, 2014 19
Evesham Evesham is a key growth asset, with 14 horizontal Dina heavy oil wells drilled to date. Tuscany 60% WI & operator. 14 producing horizontal Dina oil wells drilled to date. 3D seismic & geological control. Two wells drilled…
Evesham Evesham 10-21-39-27 W3 Battery TSXV: TUS July 28, 2014 21
Evesham Dina Production Evesham Dina Cumulative Production June 2014 40,000 Tuscany Horizontal Wells In Chronological Order 35,000 n Cron ologi 30,000 cal Orde r 25,000 SI waiting on water 20,000 disposal pipeline 15,000…
Evesham Evesham 10-21 Battery with Drilling Rig on 97/15-16 TSXV: TUS July 28, 2014 23
Macklin 3D Seismic Tuscany 100 % WI. Ten producing wells and three shut-in oil wells. 3D seismic and geological control. One new well drilled in December 2013 and one in March 2014. TSXV: TUS July 28, 2014 24
Macklin Macklin 2-33 Battery. TSXV: TUS July 28, 2014 25
Macklin Dina Production Macklin Dina Cumulative Production June 2014 40,000 Tuscany Horizontal Wells In Chronological Order 35,000 n 30,000 Cron ologi Old Horizontal Wells cal 25,000 Orde r 20,000 * 15,000 10,000…
Macklin Macklin 93/6-33-39-28W3 Electric Driver for PC Pump. TSXV: TUS July 28, 2014 27
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) 15 33 MACKLIN (Sparky) 14 32 MORGAN (Lloydminster) 10 70 PROVOST ( 2 Properties) 2 6…
Q3 & Q4 2014 Drilling Plans HZ Locations RUTLAND 1 EVESHAM 2 MACKLIN (Dina) 2 MORGAN 1 MACKLIN (Sparky) 1 WINTER 1 --------------- TOTAL 8 TSXV: TUS July 28, 2014 30
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…
Net Asset Value (pro forma financing) Reserves at December 31, 2013 ( Million) Proven Reserves (NPV 10%) 22.6 Probable Reserves (NPV 10%) 16.6 Undeveloped Land (50 per acre) 2.7 Net Debt (July, 2014 Proforma Financing) (4.4) Net…
Why Invest In Tuscany Undervalued. Low debt leverage. Oil focussed. Active development program with multiple projects. Defined exit strategy TSXV: TUS July 28, 2014 33
Additional Prospects Macklin: Sparky Winter: Dina Morgan : Lloydminster Rutland : Dina Rutland: Cummings Provost: Dina To expedite development Tuscany may be seeking a partner for some of these projects. TSXV: TUS July 28,…
Macklin Sparky Play Sparky Pool Outline TSXV: TUS July 28, 2014 35
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 14+ HZ Sparky Locations (400m…
Sparky Logs TSXV: TUS July 28, 2014 37
Surge Provost 13-10-37-3W4 CUM OIL PROD: 37.2 MSTB 173 bopd 84 bopd TSXV: TUS July 28, 2014 38
Winter 3D Seismic Type Log 6-36-42-25W3 TSXV: TUS July 28, 2014 39
Winter Type Log TSXV: TUS July 28, 2014 40
Morgan Lloydminster Pay (m) Type Log Type Log 11-31-51-3W4 12-32-51-3W4 Cum Oil 36.1M bbls TSXV: TUS July 28, 2014 41
Morgan Type Logs TSXV: TUS July 28, 2014 42
Rutland Dina Play TSXV: TUS July 28, 2014 43
Rutland Cross-section TSXV: TUS July 28, 2014 44
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