Welcome to Tuscany Energy Ltd.

Click here for the most current Tuscany - presentation - June 2010

Tuscany Energy Ltd. is an oil-focused junior that plans to grow organically to 1,000 boepd by 2012. The company´s key property is an Evesham Dina heavy oil pool that it anticipates developing through horizontal drilling funded primarily from cash flow; exploration assets include lands prospective for heavy oil and Birdbear light oil. It has operations and potential in three core areas in Alberta and Saskatchewan.

Wildwood, Alberta

Producing Pekisko Oil well (30 % W. I.)


Western Saskatchewan

Oil potential offsetting active Bird Bear drilling Potential Shaunavon area where vertical well has been drilled. Other land acquisitions are being made during 2010.

Evesham, Macklin Saskatchewan

14 Sparky oil wells (100% W. I.), a Dina oil pool – large reserve potential,

3 wells drilled and producing (60% W. I. with Husky as partner) at 100 m spacing. The next two wells will be at 50 m spacing with the potential of pool rising to over 30 development wells. 1 water disposal well (100% W.I.), deeper Bird Bear potential. Developing Core area.

In 2009, Tuscany strengthened the Balance Sheet by reducing its net debt by completing a Rights Offering; - $0.5 million and completing the merger with Goldmark Minerals Ltd. - $1.3 million.

The company is focused on conventional heavy and light oil assets in Saskatchewan.

The company fundamentals are solid as it exited 2009 with a net debt of $2.7mm, underpinned by a reserve value of $17.2mm (a 57% increase from 2008). Booked reserves of 741mboe include only 7 future locations at Evesham, but management estimates from vertical well control and 3D seismic coverage that more than 60 horizontal locations could be possible (on 50m spacing).

The Company has embarked on its growth development program as its current production of 150 boepd (85% oil) has been supplemented by the third Evesham horizontal well and will be followed by at least two more horizontal wells in the second half of 2010 (on-stream early 2011). These next two wells will be drilled with a 50 meter spacing.

In addition to the current projects Tuscany will continue to explore and develop new oil exploration plays in both Alberta and Saskatchewan.

Tuscany’s longer term goal is to become a 1000 plus BOEPD operator and will use a selective and opportunistic approach to build the portfolio of properties in Canada.

News Releases

 

9/2/2010

TUSCANY ANNOUNCES APPOINTMENT OF OFFICERS AND GRANTING OF SHARE OPTIONS

8/31/2010

TUSCANY ENERGY LTD. ANNOUNCES RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2010

7/19/2010

TUSCANY ENERGY ANNOUNCES THIRD EVESHAM DINA HORIZONTAL OIL WELL ON PRODUCTION

6/24/2010

TUSCANY SPUDS THIRD EVESHAM DINA OIL WELL

6/2/2010

TUSCANY PRESENTING AT THE SEPAC 2010 SPRING INVESTOR SHOWCASE

5/31/2010

TUSCANY ENERGY LTD. ANNOUNCES IMPROVED RESULTS AND UPDATES OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2010

4/30/2010

TUSCANY ENERGY LTD. FILES ANNUAL INFORMATION FORM INCLUDING RESERVES SUMMARY FOR THE YEAR ENDED DECEMBER 31, 2009

4/27/2010

Tuscany Energy Ltd. (TSXV: "TUS") wishes to announce that it is giving a corporate presentation at the CEEPIC (Canadian Energy Explorers & Producers Investment Conference) Energy Spring Conference in Toronto on Wednesday, April 28th at 11:30 a.m. (EDT).

4/23/2010

TUSCANY ENERGY LTD. ANNOUNCES FINANCIAL AND OPERATING RESULTS FOR THE YEAR ENDED DECEMBER 31, 2009

4/7/2010

TUSCANY ENERGY LTD. ANNOUNCES A 57% INCREASE IN RESERVES VALUE FOR 2009. Tuscany Energy Ltd. (TUS-TSXV) is pleased to provide a summary of the Company's reserves at December 31, 2009 and to provide an update of the results of the Evesham, Saskatchewan horizontal oil wells.The Company recorded a positive proved plus probable reserves increase of 109 MBOE resulting from drilling, and technical revisions in 2009. As a result the net present value of the reserves, before tax and using a 10% discount rate, increased by 57% to $17.2 million, compared with $10.9 million in 2008.

2/18/2010

TUSCANY ENERGY UPDATES EVESHAM DINA HORIZONTAL OIL PROJECT, SASKATCHEWAN

1/26/2010

TUSCANY ENERGY ANNOUNCES SECOND EVESHAM DINA HORIZONTAL WELL ON PRODUCTION

12/21/2009

TUSCANY ENERGY COMPLETES DRILLING SECOND EVESHAM DINA WELL

12/14/2009

TUSCANY ENERGY LTD. SPUDS SECOND EVESHAM DINA WELL

11/30/2009

TUSCANY ENERGY LTD. ANNOUNCES RESULTS AND UPDATES OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009

11/24/2009

TUSCANY ANNOUNCES GRANTING OF SHARE OPTIONS
 

Night Drilling 2010