Tuscany Overview Oil focussed. Horizontal development drilling. Core areas Evesham and Macklin, Sask. Balance sheet integrity. Ongoing exploration. TSXV: TUS September 25, 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 September 25, 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: 25.4 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 September 25, 2014 7
Asset Overview Tuscanys oil assets are concentrated in the Evesham / Macklin corridor, an area with many heavy oil discoveries. . SASKATOON TSXV: TUS September 25, 2014 10
Dina Oil Fairway Macklin Evesham Tuscany lands Dina production TSXV: TUS September 25, 2014 11
Well Logs Showing Dina Oil Pay TSXV: TUS September 25, 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 September 25, 2014 13
Dina Oil Play TSXV: TUS September 25, 2014 14
Vertical and Horizontal Drilling Horizontal Well 91/2-21 Vertical Well 2-21 EVESHAM BASE MAP TSXV: TUS September 25, 2014 15
Evesham Vertical Drilling Grd Level 750 Metres Perfs OIL DINA SAND WATER TSXV: TUS September 25, 2014 16
Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS September 25, 2014 17
Evesham Horizontal Drilling 2-21 Vertical Well Cum Oil = 2,753 bbls 91/2-21 Horizontal Well Cum Oil = 38,358 bbls Grd Level 750 Metres OIL DINA SAND WATER TSXV: TUS September 25, 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 September 25, 2014 19
Evesham Slotted Liner Run in the Horizontal Section TSXV: TUS September 25, 2014 20
Evesham Evesham is a key growth asset, with 16 horizontal Dina heavy oil wells drilled to date. Tuscany 60% WI & operator. 16 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 September 25, 2014 22
Evesham Dina Production Evesham Dina Production August 2014 45,000 Tuscany Horizontal In Chronological Order 40,000 n 35,000 Cron ologi cal 30,000 Orde SIrwaiting 25,000 on water disposal 20,000 pipeline 15,000 Original…
Evesham Evesham 10-21 Battery with Drilling Rig on 97/15-16 TSXV: TUS September 25, 2014 24
Macklin 3D Seismic Tuscany 100 % WI. Eleven producing wells and 7-33 DISPOSAL four shut-in oil wells. WELL 3D seismic and geological control. One new well drilled in August 2014 and one drilled in September 2014. 7-33…
Macklin Macklin 2-33 Battery. TSXV: TUS September 25, 2014 26
Macklin Dina Production Macklin Dina Production August 2014 40,000 In Chronological Order Tuscany Horizontal Wells 35,000 30,000 Old Horizontal Wells 25,000 20,000 * 15,000 10,000 Vertical 5,000 0 * New oil since…
Macklin Macklin 93/6-33-39-28W3 Electric Driver for PC Pump. TSXV: TUS September 25, 2014 28
Macklin North Base Cummings Coal Structure TSXV: TUS September 25, 2014 29
Macklin North - 7-33-39-28W3 Dina Log TSXV: TUS September 25, 2014 30
Macklin North - Seismic Character Similarity to 7-33 TSXV: TUS September 25, 2014 31
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 September 25, 2014 34
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 September 25, 2014 36
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 September 25, 2014 37
Macklin Sparky Play Sparky Pool Outline TSXV: TUS September 25, 2014 38
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 TSXV: TUS September 25, 2014 40
Surge Provost 13-10-37-3W4 CUM OIL PROD: 42.1 MSTB 173 bopd 89 bopd TSXV: TUS September 25, 2014 41
Winter 3D Seismic Type Log 6-36-42-25W3 TSXV: TUS September 25, 2014 42
Winter Type Log TSXV: TUS September 25, 2014 43
Morgan Lloydminster Pay (m) Type Log Type Log 11-31-51-3W4 12-32-51-3W4 Cum Oil 36.7 bbls TSXV: TUS September 25, 2014 44
Morgan Type Logs Type Log Cum Oil 36.7 bbls TSXV: TUS September 25, 2014 45
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