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Tuscany Energy Ltd TSCAF

Energy Oil & Gas Drilling Oil & Gas E&P
Tuscany Energy Ltd is a heavy oil development and production company with reserves, land holdings and production in Canada. Its is engaged in the exploitation of oil resources in Alberta and Saskatchewan through horizontal drilling.


GREY:TSCAF - Post by User

Tuscany Energy Ltd > merger
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Comment by Bigbadoilon Jul 10, 2013 12:53pm
181 Views
Post# 21599115

RE:RE:merger

RE:RE:mergerYes but the combined company is valued at such a disount to Asset value (NAV) and each well at Macklin (100%) that is drilled (very low risk development) will add significant value to the new entity.
They are only producing 660 BOEPD and intend to drill 3 wells and recomplete 3 others in the 3rd qtr.

They have facilites in place and the wells that they are drilling are next to, or inbetween exisitng producers. You cant get more lower risk than that.

The market does not care about these micro-juniors but the oil price is excellent for Heavy oil right now.
Bigbadun'







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