Welcome to Tuscany Energy Ltd.

Special Announcement!

Tuscany presented at the SEPAC (Small Explorers and Producers Association of Canada) Investor conference on May 31, 2011.

The webcast presentation is available at the following link:
Click through to webcast

Click here for the most current Tuscany presentation - May 2011

Click here for a two page summary of Tuscany - May 2011

Tuscany Energy Ltd. is an oil-focused junior that plans to grow organically to 1,000 boepd by the end of 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.

Evesham, Macklin Saskatchewan

14 Sparky oil wells (100% W. I.), a Dina oil pool – large reserve potential, drilling up to 12 wells in 2011, commencing early June, 3 wells drilled and producing (60% W. I. with Husky as partner) at 100 m spacing. 2 wells at 50 m spacing. Total of 5 wells now licences will be at 50 m spacing, with the potential of pool rising to over 70 development wells. 1 water disposal well (100% W.I.), deeper Bird Bear potential. Developing Core area.

Western Saskatchewan and Lloydminster

Tuscany has participated for a 30% interest in the acquisition of 15,110 (4,530 net) acres which cover 13 separate horizontal prospects. Tuscany has two prospects on the Bird Bear oil play, an Shaunavon oil play in southwest Saskatchewan, and several Lloydminster oil prospects in Alberta.

Current

Tuscany Energy Ltd. (“Tuscany”) is an oil-focused junior that is well positioned with strong fundamentals, healthy financing and a repeatable heavy oil development play.

The combined Sharon Tuscany entity has total proved plus probable reserves of approximately 1.34 mmboe (80% oil), current estimated production of 250 BOE/d, approximately 17,000 net acres of undeveloped land, and a sound balance sheet with:

  • marketable securities of $4.0 million
  • working capital of approximately $4.2 million
  • unused bank line of $4.6 million

With the resulting strong balance sheet, the combined entity will be able to accelerate Tuscany’s drilling program significantly.

There are now 5 Dina horizontal wells producing with total gross production of approximately 170 bopd. Tuscany has a 60% working interest in the Evesham heavy oil pool. During the rest of 2011, Tuscany plans to drill up to 12 additional wells in the Evesham Dina heavy oil pool which would triple the number of producing wells. Each Evesham horizontal well is estimated to cost $1 million, including down hole completion and surface equipment (no frac required).

The Evesham horizontal heavy oil wells produce a satisfactory ROI and according to an independent engineering evaluation and a contingent resource study there are over 70 additional wells possible at the Evesham field.

BEYOND EVESHAM – GROWING OIL PROSPECT INVENTORY

Since the beginning of 2010, Tuscany has participated for a 30% interest in the acquisition of 15,110 (4,530 net) acres which cover 13 separate horizontal prospects. Tuscany has two prospects on the Bird Bear oil play, an additional Dina oil play in the Macklin area near Evesham, a Shaunavon oil play in southwest Saskatchewan, and several Lloydminster oil prospects in Alberta.

News Releases

 

10/5/2011

TUSCANY UPDATES EVESHAM AND MACKLIN DEVELOPMENT DRILLING AND ANNOUNCES GRANTING OF OPTIONS

8/30/2011

TUSCANY REPORTS INITIAL NET SALES IN EXCESS OF 300 BARRELS PER DAY FROM EVESHAM FIELD, AND FILES FINANCIALS FOR SIX MONTHS ENDED JUNE 30, 2011

8/11/2011

TUSCANY UPDATES EVESHAM PRODUCTION INFORMATION AND ENTERS INTO FARMOUT AGREEMENT

7/22/2011

TUSCANY UPDATES EVESHAM DEVELOPMENT PROGRAM

6/28/2011

TUSCANY ENERGY LTD. ANNOUNCES FINANCIAL RESULTS AND UPDATES OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2011

6/24/2011

TSX Venture Exchange has accepted for filing final documentation in respect of the Company's acquisition of all the outstanding common shares of Sharon Energy Ltd. (Sharon), a TSX Venture listed issuer, pursuant to an arrangement agreement dated as of April 18, 2011 (the Arrangement Agreement), as entered into between the Company and Sharon

6/13/2011

TUSCANY COMMENCES FOUR WELL DEVELOPMENT PROGRAM

6/2/2011

TUSCANY ENERGY LTD. AND SHARON ENERGY LTD. ANNOUNCE COMPLETION OF PLAN OF ARRANGEMENT

6/1/2011

SHAREHOLDERS OF TUSCANY ENERGY LTD. AND SHARON ENERGY LTD. APPROVE BUSINESS COMBINATION

5/16/2011

Tuscany Energy Ltd. clarifies the day of the week of the annual and special meeting of shareholders

4/19/2011

TUSCANY ENERGY LTD. AND SHARON ENERGY LTD. EXECUTE DEFINITIVE ARRANGEMENT AGREEMENT FOR PREVIOUSLY ANNOUNCED BUSINESS COMBINATION

4/19/2011

TUSCANY ANNOUNCES SIGNIFICANTLY IMPROVED RESULTS FOR THE YEAR ENDED DECEMBER 31, 2010

3/28/2011

TUSCANY ENERGY LTD. AND SHARON ENERGY LTD. ANNOUNCE AGREEMENT IN PRINCIPLE FOR PROPOSED BUSINESS COMBINATION

2/25/2011

TUSCANY ANNOUNCES A 55% INCREASE IN PROVED PLUS PROBABLE RESERVES FOR 2010 AND A RESOURCE ESTIMATE FOR THE EVESHAM, SASKATCHEWAN DINA POOL

2/17/2011

Tuscany Featured in Pathway Asset Management February Newsletter as a Good Prospect.

12/23/2010

TUSCANY ANNOUNCES PRODUCTION INCREASES WITH NEW EVESHAM DINA OIL WELLS
 

Night Drilling 2011