Key Properties

Macklin

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. Macklin Dina oil production for Q2 2014 was 337 bopd compared with 197 bopd in Q2 2013.

Subsequent to the Diaz acquisition Tuscany drilled 3 new horizontal oil wells on the property. The first was placed on production in August 2013, the second well was drilled in December 2013 and commenced production in January 2014 and the most recent was placed on production in March 2014. The three wells averaged 82 bopd each in Q2 2014 with the best well producing at a rate of 177 bopd for the month of June 2014. Tuscany has a 100% working interest in 9 producing horizontal heavy oil wells and 4 wells, currently shut-in pending the further development of infrastructure to connect the wells to water handling facilities which is planned for Q3 2014. The Macklin field is a primary focus of the Company's development drilling program for 2014 with the drilling of an additional two wells planned for the last half of 2014.

On May 1, 2014, the Company acquired a 100% interest in 567 acres adjacent to the existing Macklin field, and a producing gas well which now provides fuel gas for the established Macklin operations.