Key Properties
Macklin
Macklin, Saskatchewan – Working Interest 55%
During 2012, Tuscany drilled 3 (1.65 net) new horizontal oil wells on the property. As a result, at December 31, 2012, Tuscany had a 55% working interest in 6 producing horizontal heavy oil wells (3.3 net), 1 water disposal well, and 4 shut-in horizontal heavy oil wells (2.2 net). The Macklin field is the primary focus of the Company’s development drilling program for 2013. Macklin production for Q4 2012 was 287 BOEd (158 BOEd net) compared with 91 BOEd (60 BOEd net) in Q4 2011.
| Macklin |
Natural Gas |
Heavy Oil |
| Reserves at December 31, 2012 |
| Proved |
32 MMcf |
267 MBbl |
| Probable |
13 MMcf |
267 MBbl |
| Total proved plus probable (net) |
45 MMcf |
534 MBbl |
| Q4 2012 average production (net) |
|
158 BOEd |
Macklin Proved plus Probable reserves totalled 542 MBOE, (35.7% of Total Company Reserves)