Tuscany Energy Ltd TSCAF

Old news but a reminder to Lamond

[hawkowl1]

DONT FORGET TO SELL IT!
Getting back to Tuscany, Mr. Lamond has been as busy as ever spreading the good word. At the EPAC conference, he focused on the Evesham and Macklin projects, both of which target the Dina formation. Tuscany can drill Dina wells in six or seven days and bring them on stream about four or five days later at a total cost of $900,000. They usually start production at around 120 barrels a day, although results are improving: The last well came on at 200 barrels a day, and the last two wells have paid out within just four months. Mr. Lamond then turned to the Sparky assets acquired from Baytex Energy Corp. (BTE: $48.51) in April. Surge was mentioned, of course. Using the numbers from a "euphoric" (his word) press release from Surge earlier this year, Mr. Lamond calculated that Tuscany's new Sparky acreage could double its reserves. Surge has apparently approached Tuscany four times about a farm-in. Mr. Lamond said he has learned from his experience at Czar, which was a very successful promotion until he made one crucial mistake: "We forgot to sell it." Tuscany will be sold as soon as it receives an acceptable offer. A week before the EPAC conference, Mr. Lamond discussed Tuscany's more immediate plans, speaking to Resource Investing News at the Canadian Investor Conference in Vancouver. He said Tuscany plans to drill six or seven wells a year, depending on cash flow, and is considering speeding that up while oil prices are high. It has received "numerous" financing offers.

https://www.investorvillage.com/mbthread.asp?mb=13681&tid=13943937&showall=1

https://www.marketwired.com/press-release/tuscany-announces-significant-sparky-acreage-acquisition-macklin-saskatchewan-tsx-venture-tus-1904686.htm