Tuscany Energy Ltd. reported financial and operating results for the first quarter of 2015. For the quarter, the oil & gas revenues for the quarter totaled $2.631 million compared with $4.057 Million for the first quarter of 2014. Cash flow from operations for the quarter totaled $0.509 million or $0.01 per share compared with $1.835 million or $0.05 per share for the first quarter of 2014. Net loss totaled $1.533 million or $0.03 per share compared with $0.220 million or $0.01 per share for the first quarter of 2014. Quarter ended net debt totaled $7.211 million compared with $7.074 million at March 31, 2014. Capital expenditures, net of dispositions was $0.513 million compared with $1.776 million for the first quarter of 2014.

The company reported average production of 879 BOEd for the quarter, substantially higher than the 676 BOEd for the first quarter of 2014. The production of Oil and NGLs was 748 BOpd for the quarter was against 553 BOpd for the first quarter of 2014. The production of Gas was 784 Mcfd for the quarter was against 732 Mcfd for the first quarter of 2014.