Tuscany Energy announces that it has filed its 2012 MD&A, Financial Statements and Annual Information Form on SEDAR. These are also available on the Company's website. For the year ended December 31, 2012, Tuscany reported significant production and revenue gains over the prior year, and exited the year with no debt.
Tuscany Energy is pleased to provide a summary of the independent evaluation and estimate of the Company's proved and probable reserves as at December 31, 2012 prepared by McDaniel and Associates Consultants. 2012 Reserves, no debt. Proved plus probable reserves were 1,520 MBOE as of December 31, 2012, an 11% reduction from the prior year. The [...]
Tuscany Energy announces that it has filed on SEDAR its Interim Financial Statements and MD&A for the nine months ended September 30, 2012. For the nine month period, oil production increased to 347 BOEd from 219 BOEd for the same period in 2011. Revenues increased to $5.8 million from $3.6 million and cash flow from operations increased to $1.9 [...]
Tuscany Energy announced today that it has submitted for approval to the TSX Venture Exchange (the "Exchange") a Notice of Intention to make a Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as it considers advisable, up to 6,085,000 of the issued and outstanding Common Shares (being approximately 5% of the [...]
Tuscany Energy announces that it has filed on SEDAR its Interim Financial Statements and MD&A for the six months ended June 30, 2012. For the six months ended June 30, 2012, oil production increased to 368 BOEd from 167 BOEd for the same period in 2011. Revenues increased to $4.1 million from $1.9 million and cash flow from operations increased to [...]
Tuscany Energy wishes to announce that its line of credit has been increased from $4.6 million to $8.5 million effective immediately. The line, with Alberta Treasury Branches, is currently undrawn. Tuscany also has approximately $1.8 million in working capital.
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