Tuscany International Drilling Inc T.TID

TID's Brazilian Rigs: GTE and PMG to drill in BRAZIL and PERU

[veronikagermany]

wrt to the heli-rigs and the other Brazilian rigs of TID, there are two positive factors that most investors do not know:

1) Brazil awarded several onshore licenses in MAY 2013 as we all know.

ALL the newly sold onshore blocs need to be drilled within one year of purchase.
This is a term of the award, so the buyers have to drill their properties until MAY 2014.

2) I spoke with Gran Tierra (GTE) a few weeks ago. They will need heli-rigs for a huge reserve their proving in Peru. That is drillable in 2014 too.

TID's CFO also confirmed the opportunity and timetable for Peru/Gran Tierra. You can call him to confirm it.

GTE is already a customer of TID. You also remember that GTE's director resigned from TID's board in April to avoid any potential conflicts of interest arising from his present business endeavours.....

3) PMG, another TID's customer, returns back to success......It found a lot of oil in Colombia recently by using a TID's rig and it ramps up its drilling program in the area.

https://finance.yahoo.com/news/petrominerales-taya-1-well-tests-194405909.html


PMG also starts drilling in BRAZIL in Q4 2013. I quote:

"Our land position in Brazil is now 119,690 acres (103,334 net acres) and we have a significant exposure not only to the deep tight oil potential in the Gomo horizon but also to considerable exploration potential in shallower conventional reservoirs. Our initial focus will be to demonstrate the commercial deliverability of the Gomo sands using fracture stimulation technology. We plan to drill our first two wells in the fourth quarter of 2013 and recomplete one well in our existing producing oil field, Bom Lugar".