BRIEF-Tuscany qtrly loss per share $0.05

Fri Apr 29, 2016 9:13am EDT
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April 29 (Reuters) - Tuscany Energy Ltd

* Tuscany reports financial and operating results for the year ended december 31, 2015

* Reported average production of 789 boed for 2015, slightly higher than 751 boed in prior year

* Company is not in compliance with working capital covenant in its credit facility agreement

* Obtained a temporary waiver from its lending institution of breach of its covenants in order to allow it to remedy breach

* Has engaged a financial advisor in connection with comprehensive review and analysis of strategic alternatives

* Qtrly loss per share $0.05 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)