Highlights July 2013 - Tuscany acquired Diaz August 2013 Three new Horizontal wells December 2013 - 500,000 flow-through & new Macklin well March 2014 New Macklin well April 2014 Macklin Sparky acquisition TSXV: TUS AGM April…
Corporate Overview CAPITAL STRUCTURE Shares outstanding: 19.3 million Substantial Mgmt./Directors: 44.3 % ownership management Net debt: 7.0 mm ownership Bank Line: 9.1 mm Market Cap: 10.0 mm TSXV: TUS AGM April 30, 2014 3
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…
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 AGM April 30, 2014 6
Operating Results Total Revenue Cash Flow From Operations 4.0 2.0 3.0 Millions 1.5 Millions 2.0 1.0 1.0 0.5 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2013 Production Heavy Oil Price 750 100 600 per Barrel 80 450…
Tuscany Overview Oil focussed. Horizontal development drilling. Core areas Evesham and Macklin, Sask. Balance sheet integrity. Ongoing exploration. TSXV: TUS AGM April 30, 2014 9
Asset Overview Tuscanys oil assets are concentrated in the Evesham / Macklin corridor, an area with many heavy oil discoveries. TSXV: TUS AGM April 30, 2014 10
Dina Oil Fairway Macklin Evesham Tuscany lands Dina production TSXV: TUS AGM April 30, 2014 11
Well Logs Showing Dina Oil Pay TSXV: TUS AGM April 30, 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 AGM April 30, 2014 13
Dina Oil Play TSXV: TUS AGM April 30, 2014 14
Vertical and Horizontal Drilling Horizontal Well 91/2-21 Vertical Well 2-21 EVESHAM BASE MAP TSXV: TUS AGM April 30, 2014 15
Evesham Vertical Drilling Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS AGM April 30, 2014 16
Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS AGM April 30, 2014 17
Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls 91/2-21 Horizontal Well Cum Oil = 36,885 bbls Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS AGM April 30, 2014 18
By-passed Oil Pay - Dina Key Development Factors Significant pay thickness. Sizeable structural high. Horizontal drilling. Slotted liner in pay zone. Water disposal facilities. High oil prices. TSXV: TUS AGM April 30, 2014 19
Evesham Slotted Liner Run in the Horizontal Section TSXV: TUS AGM April 30, 2014 20
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 AGM April 30, 2014 22
Evesham Dina Production Evesham Dina Production March 2014 40000 Tuscany Horizontal 35000 30000 25000 20000 15000 10000 Original Vertical 5000 0 Well Locations TSXV: TUS AGM April 30, 2014 23
Evesham Evesham 10-21 Battery with Drilling Rig on 97/15-16 TSXV: TUS AGM April 30, 2014 24
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 AGM April 30, 2014 25
Macklin Macklin 2-33 Battery. TSXV: TUS AGM April 30, 2014 26
Macklin Dina Production Macklin Dina Production March 2014 40,000 Tuscany Horizontal Wells 35,000 30,000 Old Horizontal Wells 25,000 20,000 15,000 10,000 Vertical 5,000 0 Well locations TSXV: TUS AGM April 30,…
Macklin Macklin 93/6-33-39-28W3 Electric Driver for PC Pump. TSXV: TUS AGM April 30, 2014 28
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…
Potential Drilling Locations HZ Locations MACKLIN (Dina) 15 EVESHAM 20 MACKLIN (Sparky) 14 WINTER 10 MORGAN 10 RUTLAND 8 --------------- TOTAL 77 TSXV: TUS AGM April 30, 2014 30
Net Asset Value 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 (7.5) Net Asset Value 34.4 NAV per Share 1.78 NAV per Share Fully…
Why Invest In Tuscany Undervalued. Oil focussed. Active development program with multiple projects. Defined exit strategy TSXV: TUS AGM April 30, 2014 32
Additional Prospects APPENDICES TSXV: TUS AGM April 30, 2014 33
Additional Prospects Macklin: Sparky Morgan: Lloydminster Winter : Dina Rutland : Dina Rutland: Cummings Provost: Dina To expedite development Tuscany will be seeking a partner for some of these projects. TSXV: TUS AGM April…
Macklin Sparky Play Sparky Pool Outline TSXV: TUS AGM April 30, 2014 35
Sparky Drilling Locations PROSPECT DESCRIPTION Tuscany Colony Gas Well 1,400 acres 100% WI IP: 75 200 bopd 100 Mstb/well recoverable (primary) 10 MMstb OOIP/Section 19 API Oil 14+ HZ Sparky Locations (400m spacing)…
Sparky Logs TSXV: TUS AGM April 30, 2014 37
Surge Provost 4-14-37-3W4 184 bopd TSXV: TUS AGM April 30, 2014 38
Morgan Lloydminster Pay (m) Type Log Type Log 11-31-51-3W4 12-32-51-3W4 Cum Oil 36.1M bbls TSXV: TUS AGM April 30, 2014 39
Morgan Type Logs TSXV: TUS AGM April 30, 2014 40
Winter 3D Seismic Type Log 6-36-42-25W3 TSXV: TUS AGM April 30, 2014 41
Winter Type Log TSXV: TUS AGM April 30, 2014 42
Rutland Dina Play TSXV: TUS AGM April 30, 2014 43
Rutland Cross-section TSXV: TUS AGM April 30, 2014 44
Rutland Cummings Net Pay Type Log 32/4-12-41-25W4 TSXV: TUS AGM April 30, 2014 45
Rutland Type Production Log TSXV: TUS AGM April 30, 2014 46
Rutland HZ Offset Log TSXV: TUS AGM April 30, 2014 47
Provost Dina Play Type Log 02/8-36-39-9W4 TSXV: TUS AGM April 30, 2014 48
Provost Type Log TSXV: TUS AGM April 30, 2014 49
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