Tuscany Energy Ltd. reported unaudited earnings results for the quarter ended March 31, 2016. For the quarter, the company reported oil & gas revenue of CAD 0.934 million compared to CAD 2.631 million a year ago. Net loss was CAD 5.262 million or CAD 0.10 per basic and diluted share compared to CAD 1.533 million or CAD 0.03 per basic and diluted share a year ago. Cash flow used in operations was CAD 0.618 million or CAD 0.01 per basic and diluted share compared to cash flow from operations of CAD 0.509 million or CAD 0.01 per basic and diluted share a year ago. Capital expenditures, net of dispositions was of CAD 0.118 million compared to CAD 0.513 million a year ago. Net debt was CAD 9.877 million compared to CAD 7.211 million a year ago.

The company reported production results for the quarter ended March 31, 2016. For the period, the company reported production of oil and NGLs of 417 Bopd compared to 748 Bopd, production of gas was of 1,011 Mcfd compared to 784 Mcfd.