Tuktu Resources Ltd.

Tuktu Resources Ltd. is pleased to announce the results of its year-end independent oil and gas reserves evaluation as of December 31, 2024 , as prepared by its independent qualified reserves evaluator, Deloitte Canada LLP , and an operations update on its recently drilled and completed well. 2024 Reserve Report Highlights Proved developed producing reserves increased 18% to 1,086 Mboe with a corresponding increase of 91 [...]

Tuktu Resources Ltd. is pleased to provide an operational update on its current field operations. Tuktu commenced drilling operations and spud its first horizontal well on February 2, 2025. Drilling was completed, and the rig was demobilized on February 21, 2025. This rig has been contracted by another area operator. Aggregate drilling costs are anticipated to be approximately $3.0 million. Drilling operations went [...]

Tuktu Resources Ltd. is pleased to announce a significant expansion of its prospective land base adjacent to its new pool discovery in the light oil-prone southern Alberta deep basin. Land Expansion Through a combination of crown land sales and various transactions with freehold mineral rights owners, Tuktu has increased its land position by approximately 27.75 gross sections. In total, Tuktu now holds a controlling and [...]

Tuktu Resources Ltd. is pleased to announce its initial 2025 capital budget. The Company's board of directors has approved a capital budget of $6.85 million for the first six months of 2025, which will be used for drilling, completing and equipping one horizontal well and for land acquisitions and production optimization projects. The Company will monitor results from its operations and consider an additional capital [...]

Tuktu Resources Ltd. is pleased to provide an operational update on its discovery well. On December 3, 2024, the Company issued a press release indicating that its discovery well was brought on production after an extended shut-in period due to normal-course, regulatory requirements. Prior to the obligatory shut-in period, which commenced on October 8, 2024, the well produced at an average rate of 394 bbl/d with less than [...]

Tuktu Resources Ltd. is pleased to announce that it has received approval of the TSX Venture Exchange for the supplemental listing of 55,832,402 common share purchase warrants of the Company issuable pursuant to the Company's previously announced prospectus offering of units of the Company . An aggregate of 111,664,805 Units were issued in connection with the closing of the Offering on November 21, 2024, with each Unit [...]

Tuktu Resources Ltd. is pleased to announce an operational update and the issuance of stock options to Tuktu's directors and officers as part of the Company's long-term incentive program. Operational Update Tuktu has resumed production on its southern Alberta oil discovery well after the retirement of "overproduced volumes". The well was brought on production on December 1st without incident and is producing as expected [...]

Tuktu Resources Ltd. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. The unaudited interim condensed financial statements and related management's discussion and analysis are available on SEDAR+ at www.sedarplus.ca. Select financial and operating information for the three and nine months ended September 30, 2024 appear below and should be read in [...]

Tuktu Resources Ltd. is pleased to announce the closing of its previously announced "best efforts" prospectus offering announced on November 4, 2024. Pursuant to the Offering, the Company received gross proceeds of approximately $10.05 million from the issuance of 111,664,805 units of the Company at a price of $0.09 per Unit, including a partial exercise of the over-allotment option . Each Unit is comprised of one common [...]

SEDAR+ Tuktu Resources Ltd. is pleased to announce that it has filed and been receipted for a final short form prospectus with the securities regulatory authorities in each of the Provinces of Canada, other than Québec, in connection with a "best efforts" marketed offering of units of the Company for aggregate gross proceeds of up to $10.0 million. Delivery of the Prospectus and any amendments thereto will be satisfied in [...]