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BRIEF-Tuscany Energy says total proved plus probable reserve volumes decreased only marginally for year ended December 31, 2015, compared with 2014

Published 2016-03-01, 09:32 a/m
© Reuters.  BRIEF-Tuscany Energy says total proved plus probable reserve volumes decreased only marginally for year ended December 31, 2015, compared with 2014

March 1 (Reuters) - Tuscany Energy Ltd TUS.V :
* Reports 2015 year-end reserves; heavy oil proved plus probable volumes
unchanged, values reduced due to lower commodity price
* Total proved plus probable reserve volumes decreased only marginally for the
year ended December 31, 2015, compared with 2014
* Says value of tuscany's proved plus probable reserves declined by 29% as a
result of lower future commodity price estimate
* Says 7% decrease in total proved reserves to 1.48 mmboe in 2015, compared
with 1.60 mmboe in 2014
* Says 3% decrease in total company proved plus probable reserves to 2.77
mmboe, compared with 2.86 mmboe in 2014

* Source text for Eikon ID:nCCN6z7X4z

* Further company coverage TUS.V

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