Tuscany Energy Ltd. reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported oil & gas revenue $2,337,000 against $3,937,000 a year ago. Cash flow from operations was $265,000 or $0.01 per diluted share against $1,857,000 or $0.04 per diluted share a year ago. Net loss for the period was $2,468,000 or $0.05 per diluted share against earnings of $615,000 or $0.01 per diluted share a year ago. Capital expenditures, net of dispositions were $961,000 against $4,547,000 a year ago. Net debt was $7,213,000 against $6,555,000 a year ago.

For the quarter, the company reported oil & gas revenue $8,363,000 against $12,920,000 a year ago. Cash flow from operations was $1,876,000 or $0.04 per diluted share against $6,152,000 or $0.15 per diluted share a year ago. Net loss for the period was $4,259,000 or $0.08 per diluted share against earnings of $832,000 or $0.02 per diluted share a year ago. Capital expenditures, net of dispositions was $1,741,000 against $7,941,000 a year ago. Net debt was $7,213,000 against $6,555,000 a year ago.


The company reported operating results for the third quarter and nine months ended September 30, 2015. For the quarter, the company's oil and NGLs production was 572 Bopd against 502 Bopd a year ago. Gas production was 1,137 Mcfd against 909 Mcfd a year ago.

For the nine months, the company reported oil and NGLs production was 670 Bopd against 553 Bopd a year ago. Gas production was 877 Mcfd against 858 Mcfd a year ago.