TUSCANY ENERGY LTD ............. !!

buran und MfG  

Preis pro Anteilsschein 0,293 € Schleife 10.000 spread 14,90% buran und MfG und tau  

::::::::::::::::::: 0,283 € +10,98% +0,028 € ,GrB  

Preis pro Anteil 0,305 € Schleife 10.000 spread 18,68% ..alle Angaben Stuttgart in Echtzeit ..buran und MfG und tau  

:::::::::::::::: 0,282 € +2,17% +0,006 €
Stuttgart ,GrB  

Preis pro Schein 0,305 € Schleife 10.000 spread 10,91% buran und MfG und tau  

::::::::::::::::: 0,362 $ +1,40% +0,005 $
In Euro: 0,2695 € | Nasdaq OTC Other, 31.07.14:::::::: Kosmonova buran ..::hopshops  

Head Office

Tuscany Energy Ltd.
Suite 1800
633 - 6th Avenue S.W.
Calgary, AB T2P 2Y5

Tel: 403-269-9889
Fax: 403-269-9890

Charles A. Teare, Executive Vice President and CFO
Bus: 403-269-9889  Ext. 117

Investor Relations

Email: IR@tuscanyenergy.com
http://www.tuscanyenergy.com/en/Contacts  

http://www.tuscanyenergy.com/en/Investors/certificate GrB  

http://www.tuscanyenergy.com/en/Investors/Regulatory_Filings GrB  

2014
Q1 2014 Quarterly Financial Report

2013
Annual report
       AIF§Annual Information Form
Q3 2013 Quarterly Financial Report
Q2 2013 Quarterly Financial Report
Q1 2013 Quarterly Financial Report

2012
Annual report
       AIF§Annual Information Form
Q3 2012 Quarterly Financial Report
Q2 2012 Quarterly Financial Report
Q1 2012 Quarterly Financial Report

2011
Annual report
       AIF§Annual Information Form
Q3 2011 Quarterly Financial Report
Q2 2011 Quarterly Financial Report
Q1 2011 Quarterly Financial Report

2010
Annual report
Q3 2010 Quarterly Financial Report
Q2 2010 Quarterly Financial Report
Q1 2010 Quarterly Financial Report

2009
Annual report
Q3 2009 Quarterly Financial Report
Q2 2009 Quarterly Financial Report
Q1 2009 Quarterly Financial Report
Additional historical financials can be found with the company's regulatory filings at www.SEDAR.comhttp://www.tuscanyenergy.com/en/...ors/Financial_Reports  

07/29/14
TUSCANY ENERGY LTD. CONFIRMS SALES VOLUMES FOR Q2 2014 AND A FIVE WELL HEAVY OIL DRILLING PROGRAM
07/17/14
TUSCANY ANNOUNCES CLOSING OF $3.0 MILLION FINANCING
07/09/14
TUSCANY ANNOUNCES INCREASE IN SIZE OF OFFERING TO $3.0 MILLION AND FILING OF FINAL PROSPECTUS
06/27/14
TUSCANY ANNOUNCES FILING OF PRELIMINARY PROSPECTUS AND $2.5 MILLION OFFERING
http://www.tuscanyenergy.com/en/Investors/News  

http://www.tuscanyenergy.com/en/Investors/News GrB  

ANNOUNCES INCREASE IN SIZE OF OFFERING TO $3.0 MILLION AND FILING OF FINAL PROSPECTUS

July 09, 2014
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

TUSCANY ANNOUNCES INCREASE IN SIZE OF OFFERING TO $3.0 MILLION AND FILING OF FINAL PROSPECTUS

Calgary, Alberta, Canada. Tuscany Energy Ltd. ("Tuscany" or the "Corporation")(TSXV: TUS) is pleased to announce that it has filed and received a receipt for its final short form prospectus in connection with its previously announced public offering of units ("Units") and common shares ("Common Shares") of the Corporation to be issued on a flow-through basis in respect of Canadian development expenses (the "CDE FT Shares") at a price of $0.40 per Unit or CDE FT Share, as applicable.  The Corporation is also pleased to announce that the size of the offering has been increased to an aggregate of 7,500,000 Units or CDE FT Shares or a combination thereof, for aggregate gross proceeds of up to $3.0 million (the "Offering").

Each Unit is comprised of one Common Share and one-half of one Common Share purchase warrant ("Warrants").  Acumen Capital Finance Partners Limited, as lead agent, and Industrial Alliances Securities Inc. and Richardson GMP Limited are acting as agents under the Offering.

The net proceeds of the Offering will be used to temporarily reduce bank indebtedness thereby freeing up additional borrowing capacity which is expected to be used to partially fund the Corporation's ongoing capital expenditure program, with proceeds from the issuance of the CDE FT Shares used to incur eligible Canadian development expenditures that will be renounced to subscribers effective on or before December 31, 2014.

The Offering is being conducted in the provinces of Alberta, British Columbia, Saskatchewan and Ontario by way of short form prospectus and is expected to close on or about July 17, 2014.  Closing of the Offering is subject to certain customary conditions, including the receipt of all necessary regulatory and stock exchange approvals including that of the TSX Venture Exchange and all applicable securities regulatory authorities.

This press release does not constitute an offer to sell or a solicitation of any offer to purchase the Units or CDE FT Shares in the United States. The Common Shares and Warrants comprising the Units and the CDE FT Shares have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States.

Tuscany is a heavy oil development and production company with reserves, land holdings and production in Canada. The Company's principal focus is the exploitation of oil resources in Alberta and Saskatchewan through horizontal drilling. The majority of the Company's revenue is generated from oil sales in Saskatchewan.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Robert W. Lamond, Chairman & CEO - or - Charles A Teare, Executive Vice President CFO

TUSCANY ENERGY LTD.
Telephone:  (403) 269-9889
Fax:   (403) 269-9890
  Website:§www.tuscanyenergy.com
TSXV:   TUS
ADVISORY: This press release contains forward looking statements. More particularly, this press release contains statements concerning the anticipated closing date of the Offering and the anticipated use of the net proceeds of the Offering. Although Tuscany believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Tuscany can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The closing of the Offering could be delayed if Tuscany is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned. The Offering will not be completed at all if these approvals are not obtained or some other condition to the closing is not satisfied. Accordingly, there is a risk that the Offering will not be completed within the anticipated time or at all. The intended use of the net proceeds of the Offering by Tuscany might change if the board of directors of Tuscany determines that it would be in the best interests of Tuscany to deploy the proceeds for some other purpose.

The forward looking statements contained in this press release are made as of the date hereof and Tuscany undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.http://www.tuscanyenergy.com/en/Investors/News?id=115  

TUSCANY ANNOUNCES INCREASE IN SIZE OF OFFERING TO $3.0 MILLION AND FILING OF FINAL PROSPECTUS

July 09, 2014
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

TUSCANY ANNOUNCES INCREASE IN SIZE OF OFFERING TO $3.0 MILLION AND FILING OF FINAL PROSPECTUS

Calgary, Alberta, Canada. Tuscany Energy Ltd. ("Tuscany" or the "Corporation")(TSXV: TUS) is pleased to announce that it has filed and received a receipt for its final short form prospectus in connection with its previously announced public offering of units ("Units") and common shares ("Common Shares") of the Corporation to be issued on a flow-through basis in respect of Canadian development expenses (the "CDE FT Shares") at a price of $0.40 per Unit or CDE FT Share, as applicable.  The Corporation is also pleased to announce that the size of the offering has been increased to an aggregate of 7,500,000 Units or CDE FT Shares or a combination thereof, for aggregate gross proceeds of up to $3.0 million (the "Offering").

Each Unit is comprised of one Common Share and one-half of one Common Share purchase warrant ("Warrants").  Acumen Capital Finance Partners Limited, as lead agent, and Industrial Alliances Securities Inc. and Richardson GMP Limited are acting as agents under the Offering.

The net proceeds of the Offering will be used to temporarily reduce bank indebtedness thereby freeing up additional borrowing capacity which is expected to be used to partially fund the Corporation's ongoing capital expenditure program, with proceeds from the issuance of the CDE FT Shares used to incur eligible Canadian development expenditures that will be renounced to subscribers effective on or before December 31, 2014.

The Offering is being conducted in the provinces of Alberta, British Columbia, Saskatchewan and Ontario by way of short form prospectus and is expected to close on or about July 17, 2014.  Closing of the Offering is subject to certain customary conditions, including the receipt of all necessary regulatory and stock exchange approvals including that of the TSX Venture Exchange and all applicable securities regulatory authorities.

This press release does not constitute an offer to sell or a solicitation of any offer to purchase the Units or CDE FT Shares in the United States. The Common Shares and Warrants comprising the Units and the CDE FT Shares have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States.

Tuscany is a heavy oil development and production company with reserves, land holdings and production in Canada. The Company's principal focus is the exploitation of oil resources in Alberta and Saskatchewan through horizontal drilling. The majority of the Company's revenue is generated from oil sales in Saskatchewan.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Robert W. Lamond, Chairman & CEO - or - Charles A Teare, Executive Vice President CFO

TUSCANY ENERGY LTD.
Telephone:  (403) 269-9889
Fax:   (403) 269-9890
  Website:§www.tuscanyenergy.com
TSXV:   TUS
ADVISORY: This press release contains forward looking statements. More particularly, this press release contains statements concerning the anticipated closing date of the Offering and the anticipated use of the net proceeds of the Offering. Although Tuscany believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Tuscany can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The closing of the Offering could be delayed if Tuscany is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned. The Offering will not be completed at all if these approvals are not obtained or some other condition to the closing is not satisfied. Accordingly, there is a risk that the Offering will not be completed within the anticipated time or at all. The intended use of the net proceeds of the Offering by Tuscany might change if the board of directors of Tuscany determines that it would be in the best interests of Tuscany to deploy the proceeds for some other purpose.

The forward looking statements contained in this press release are made as of the date hereof and Tuscany undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.http://www.tuscanyenergy.com/en/Investors/News?id=115  

TUSCANY ANNOUNCES CLOSING OF $3.0 MILLION FINANCING

July 17, 2014
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

TUSCANY ANNOUNCES CLOSING OF $3.0 MILLION FINANCING

Calgary, Alberta, Canada. Tuscany Energy Ltd. (TSXV: TUS) is pleased to announce the closing of its recently announced financing for aggregate gross proceeds of $3.0 million.

The Offering was led by Acumen Capital Finance Partners Limited and included Industrial Alliances Securities Inc. and Richardson GMP Limited. An aggregate of 4,286,000 Units of the Corporation and 3,214,000 common shares of the Corporation issued on a "flow-through basis" pursuant to the Income Tax Act (Canada) in respect of Canadian development expenses were issued at a price of $0.40 per Unit and per flow through share, as applicable. Each Unit is comprised of one common share and one-half of one common share purchase Warrant of the Corporation, with each whole Warrant entitling the holder thereof to acquire one Common Share at a price of $0.50 for a period of 12 months from the date hereof, provided that if at any time prior to the expiry of the Warrants the 20 day weighted average trading price of the Common Shares on the TSX Venture Exchange is $0.70 or greater, the Warrants will expire 30 days from the date Tuscany gives notice of same to the warrant agent under the indenture governing the Warrants.

The net proceeds of the Offering will be used to temporarily reduce bank indebtedness thereby freeing up additional borrowing capacity which is expected to be used to partially fund the Corporation's ongoing capital expenditure program, with proceeds from the issuance of the CDE FT Shares used to incur eligible Canadian development expenditures that will be renounced to subscribers effective on or before December 31, 2014.

This press release does not constitute an offer to sell or a solicitation of any offer to buy the Units or CDE FT Shares in the United States. The Common Shares and Warrants comprising the Units and the CDE FT Shares have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States.

Tuscany is a heavy oil development and production company with reserves, land holdings and production in Canada. The Corporation's principal focus is the exploitation of oil resources in Alberta and Saskatchewan through horizontal drilling. The majority of the Corporation's revenue is generated from oil sales in Saskatchewan.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Robert W. Lamond, Chairman & CEO
- or -
Charles A Teare, Executive Vice President CFO
TUSCANY ENERGY LTD.
Telephone: (403) 269-9889
Fax: (403) 269-9890
Website: www.tuscanyenergy.com
TSXV: TUS
ADVISORY: This press release contains forward looking statements. More particularly, this press release contains statements concerning the anticipated use of the net proceeds of the Offering. Although Tuscany believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Tuscany can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the net proceeds of the Offering by Tuscany might change if the board of directors of Tuscany determines that it would be in the best interests of Tuscany to deploy the proceeds for some other purpose.

The forward looking statements contained in this press release are made as of the date hereof and Tuscany undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.http://www.tuscanyenergy.com/en/Investors/News?id=116  

TUSCANY ENERGY LTD. CONFIRMS SALES VOLUMES FOR Q2 2014 AND A FIVE WELL HEAVY OIL DRILLING PROGRAM

July 29, 2014
The following is for immediate release in Canada, July 29, 2014

TUSCANY ENERGY LTD. CONFIRMS SALES VOLUMES FOR Q2 2014 AND A FIVE WELL HEAVY OIL DRILLING PROGRAM

Calgary, Alberta, July 29, 2014. Tuscany Energy Ltd. ("Tuscany") (TSXV: TUS) is pleased to report that the Company's average sales volumes for the second quarter of 2014 were approximately 750 BOED.

Having closed its recent $3.0 million financing, the Company has commenced drilling operations on a heavy oil drilling program consisting of five wells in west-central Saskatchewan.  Tuscany is the operator of all of these wells.

Drilling has commenced on the first of these wells, 91/13-34-40-25W3, targeting a Dina oil prospect at Rutland, Saskatchewan. Tuscany will pay 50% of the drilling costs while retaining a 75% working interest in the well and lands covering this new prospect.

Following the Rutland well, Tuscany plans to drill two (1.2 net) horizontal development wells on its Evesham, Saskatchewan oil property. The wells will be drilled as 50 metre offsets from the most productive wells drilled on the property to date. Each of these wells has produced over 30,000 bbls of oil since being placed on production in September 2013 and are currently producing at an average rate of approximately 100 Bopd per well.

Lastly, Tuscany plans to drill two (2.0 net) horizontal development wells on its oil property at Macklin, Saskatchewan. The wells will offset the Macklin 97/7-28-39-28W3 well which was placed on production in March 2014, has produced over 15,000 bbls of oil to date, and is currently producing at a rate of approximately 95 Bopd.

Tuscany plans to continue its development program in its core areas of Evesham and Macklin during the balance of the year and plans to commence drilling on its portfolio of new prospects prior to year end.

FOR FURTHER INFORMATION PLEASE CONTACT:

Robert W. Lamond, President & CEO

Donald K. Clark, Vice President Operations & COO
Telephone:§(403) 269-9889
      Fax:§        (403) 269-9890
TSX Venture:  TUS
www.tuscanyenergy.com
ADVISORY: Certain information regarding the Company in this News Release including management's assessment of future plans and operations may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, the timing and number of wells drilled, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, capital expenditure costs, including drilling, completion and facilities costs, unexpected decline rates in wells, wells not performing as expected, and ability to access sufficient capital from internal and external sources.  As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.  Readers are cautioned that the foregoing list of factors is not exhausted.  Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) and at the Company's website (www.tuscanyenergy.com).  Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.  Where amounts are expressed on a barrel of oil equivalent (boe) basis, natural gas volumes have been converted to barrels of oil at six thousand cubic feet (mcf) per barrel (bbl).  Boe figures may be misleading, particularly if used in isolation.  A boe conversion of six thousand cubic feet per barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.  References to oil in this discussion include crude oil and natural gas liquids (NGLs).

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.http://www.tuscanyenergy.com/en/Investors/News?id=117  

http://www.tuscanyenergy.com/en/Investors/Corporate_Summary GrB  

http://www.tuscanyenergy.com/en/Investors/Presentations GrB  

In addition to these prospects Tuscany has recently acquired a 100% interest in 567 acres adjacent to its Macklin heavy oil pool, comprised of a producing natural gas well and rights to the Sparky formation.

The significance of this acquisition is that it increases Tuscany’s holdings in the Macklin area to a 100% interest in approximately 1,400 acres of prospective oil bearing Sparky lands.

The Sparky zone at Macklin is a potentially productive oil zone with bypassed wells exhibiting log characteristics, which Tuscany believes is analogous to recently developed pools situated approximately 12 miles to the west in Alberta. Logs from wells on the Macklin acreage indicate porosity and resistivity similar to vertical wells in Alberta, which led to the recent development of new oil pools by horizontal drilling.

The Sparky zone in wells at Macklin appears to correlate to the Sparky pools which have been recently drilled by Surge Energy Inc. (see Surge press release dated April 8, 2014), and may hold similar potential. In its press release Surge attributed significant original oil in place to its Sparky pools at Provost and Eyehill.

Tuscany’s primary focus remains the development of its heavy oil Dina pools in Macklin and Evesham, however development of this highly potential Sparky oil play, on which Tuscany believes it can drill up to 14 wells, is planned to commence in the second half of 2014.

Tuscany had been purchasing gas from the acquired gas well, and will now be able to supply its own gas for fuel to be used at its Macklin battery.http://www.tuscanyenergy.com/en/Key_Properties/Macklin-Sparky
 

Macklin, Saskatchewan – Working Interest 100%

The Diaz acquisition increased Tuscany’s working interest in the Macklin area to 100% and increased Tuscany’s ability to develop the property. Subsequent to the Diaz acquisition Tuscany drilled 2 new horizontal oil wells on the property. The first was placed on production in August 2013 and at the end of February was producing 32 Bopd. The second well was drilled in December 2013 and commenced production in January 2014. Tuscany drilled an additional well in Q1 2014 which was placed on production in April 2014. Tuscany has a 100% working interest in 10 producing horizontal heavy oil wells and 4 wells, currently shut-in pending the development of infrastructure to connect the wells to water handling facilities which is planned for 2014. The Macklin field is a primary focus of the Company’s development drilling program for 2014 with the drilling of additional wells planned for the last half of 2014. Macklin production for Q1 2014 was 300 BOEd compared with 160 BOEd in Q1 2013 and 247 BOEd in Q4 2013. http://www.tuscanyenergy.com/en/Key_Properties/Macklin

 
 

Evesham, Saskatchewan – Working Interest 60%

Tuscany has a 60% working interest in 11 producing Dina heavy oil wells (6.6 net wells) and 3 wells (1.8 net wells) which are shut in pending the development of infrastructure to connect the wells to water handling facilities.

Tuscany also has a 100% working interest in 5 producing Sparky oil wells and a gas well providing fuel gas to the property. The field has two water disposal wells which are connected to the wells in the north half of the field by pipeline. Following the Diaz acquisition Tuscany drilled 2 wells on the property. The wells commenced production in Q3 2013. By the end of April, 2014 they had each produced more than 24,000 Bbls and were still producing at a rate of 106 Bopd and 71 Bopd. Management expects the Evesham Dina oil pool will be a focus of the Company’s development program during 2014 with the next two wells scheduled to be drilled in the summer of 2014. Q1 2014 production at Evesham, primarily from the Dina oil pool, averaged 352 BOEd (225 BOEd net). This is compared with average production of 178 BOEd (130 BOEd net) in Q1 2013 and 443 BOEd (283 BOEd net) in Q4 2013. http://www.tuscanyenergy.com/en/Key_Properties/Evesham  

Tuscany's key properties are all located near Evesham, Saskatchewan.


Click on the map to enlarge



Diaz Acquisition

On July 15, 2013 Tuscany completed the acquisition of all of the outstanding shares of Diaz Resources Ltd. by issuing 3,664,018 post consolidated shares. The acquisition increased Tuscany's proved and probable reserves by 942,000 BOE, increased net debt by $4.9 million and increased Q4 2013 production by 259 BOEd.

Principal properties

In the following description of Tuscany's principal oil and natural gas properties, reserve and production amounts stated are the Company's working interest in gross reserves based on forecast costs and prices, as evaluated by McDaniel and Associates Consultants Ltd. The estimates of reserves and future net revenue for the individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties due to the effects of aggregation.

During the year ended December 31, 2013, 4 wells were drilled (3.2 net wells) all of which were successfully completed as oil wells.http://www.tuscanyenergy.com/en/Key_Properties/Overview  

http://www.tuscanyenergy.com/en/Corporate_Profile/...rs_and_Directors GrB  

Tuscany is an exploration and development company focused on heavy oil projects in the Lloydminster region of Alberta and Saskatchewan.http://www.tuscanyenergy.com/en/Corporate_Profile/Business_Focus