The company plans to have the wells on production by year end.
An analysis of analogous oil pools to the north of Evesham indicates that well spacing of 50m may significantly increase the eventual reserves recovered from the pool and therefore, the next two wells will be drilled on 50m spacing.
The company said that up to eight additional wells have been planned to be drilled in 2011.
Three existing wells in the pool produced an average of 130bbls/d (77bbls/d net to Tuscany) in the third quarter of 2010. Tuscany has a 60% interest in the Evesham property.
Tuscany has also closed a $1.2m flow through share financing in order to fund the drilling of the two wells.
