Key Properties

Evesham

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 which also provide fuel gas to the property. The field has three water disposal wells which are connected to the wells in the north half of the field by pipeline. Q2 2014 production at Evesham, from the 11 Dina horizontal oil wells, averaged 300 Bopd (180 Bopd net). This is compared with average production of 200 Bopd (120 Bopd net) in Q2 2013.

Following the Diaz acquisition Tuscany drilled 2 wells on the property. The wells commenced production in Q3 2013. By June 30, 2014 they had each produced more than 30,000 Bbls and were producing at a rate of 112 Bopd and 96 Bopd. Management expects the Evesham Dina oil pool will be a focus of the Company's development program during 2014. In August 2014 the next two Evesham wells were drilled and are anticipated to be on production in September 2014.