Key Properties
Macklin Sparky Prospect
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 are 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.
Macklin Sparky Prospect Map
Click on the map to enlarge
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 is planned to commence in the Q4 2014. Tuscany believes that if the initial well is successful it can drill 14 to 32 wells on the prospect.
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.