Tuktu Resources Ltd. is pleased to provide an operational update on its discovery well. On September 16, 2024, the Company announced initial production rates on its conventional light oil discovery in the southern Alberta Deep basin. In that press release, a rate of 408 bbl/d oil was indicated as an average calendar day rate from August 17, 2024 through to September 15, 2024 on the discovery well. Tuktu has an 80% working [...]
Tuktu Resources Ltd. is pleased to provide a production update on its new light oil pool discovery in the southern Alberta Deep Basin, which was announced July 30, 2024. Over the last 30 days of production the well averaged 413 bbl/d fluid and over the last seven days of production , the well averaged 417 bbl/d fluid . The initial well test, which took place on July 28, 2024, showed that the well tested at rates between [...]
Tuktu Resources Ltd. is pleased to announce the earning on the Company's recently executed farm-in agreement and successful test of a new oil zone in the deep basin of southern Alberta. As previously announced, on July 17, 2024, the Company executed a definitive agreement with an arm's length private company to farm-in on certain undeveloped rights in the Southern Alberta deep basin. Pursuant to the terms of the [...]
Tuktu Resources Ltd. is pleased to announce the completion of the farm-in arrangement previously announced on April 17, 2024, the issuance of stock options to Tuktu's directors and officers, and the appointment of Kathleen Dixon as the Chair of the Company's board of directors. Farm-in Agreement Tuktu has executed a definitive agreement with an arms-length private company in respect of the farm-in arrangement previously [...]
Tuktu Resources Ltd. is pleased to announce the closing of the acquisition of southern Alberta oil assets owned and operated by an arm's length public company, as previously announced in press releases on October 18, 2023 and December 29, 2023. The Company has also completed the brokered private placement announced on April 17, 2024. Pursuant to the Private Placement, the Company received gross proceeds of approximately [...]
Tuktu Resources Ltd. announces that it has agreed to a $1.2 million loan evidenced by an interest free, senior secured promissory note , from an arm's length third party. The loan proceeds will be used to fund a deposit with the Alberta Energy Regulator , required as a condition of the licence transfers for certain asset acquisition transactions announced on March 21, 2023 and October 18, 2023 . Once the AER Deposit is [...]
Tuktu Resources Ltd. is pleased to announce the results of its year-end independent oil and gas reserves evaluation as of December 31, 2023 , as prepared by its independent reserves evaluator, Deloitte Canada LLP , as well as the release of its annual information form , audited annual financial statements and related management's discussion and analysis for the year ended December 31, 2023. The evaluation of Tuktu's [...]
Tuktu Resources Ltd. announces a brokered private placement of up to 40,000,000 units of the Company at a price of $0.05 per Unit for gross proceeds of up to $2,000,000 . The Offering is being conducted by Canaccord Genuity Corp as the sole agent and sole bookrunner . Each Unit shall be comprised of one common share in the capital of the Company and one Common Share purchase warrant of the Company . Each Warrant shall [...]
Tuktu Resources Ltd. is pleased to announce that it has closed in escrow on the purchase of the southern Alberta oil assets owned and operated by an arm's length public company , as further described in the Company's press release dated October 18, 2023. In connection with Escrow Closing, Tuktu paid the escrow trustee $1.38 million , which Interim Purchase Price and deposit will be held in escrow and will be releasable to [...]
Tuktu Resources Ltd. is pleased to advise that it has completed its previously announced brokered private placement . Pursuant to the Private Placement, the Company received gross proceeds of approximately $1.6 million from the issuance of 31,938,299 units of the Company at a price of $0.05 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant with each Warrant entitling [...]
VANCOUVER, BC, Dec. 13, 2023 /CNW/ - Trading resumes in: Company: Tuktu Resources Ltd. TSX-Venture Symbol: TUK All Issues: No Resumption : 9:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
Tuktu Resources Ltd. announces a brokered private placement of up to 30,000,000 units of the Company at a price of $0.05 per Unit for gross proceeds of up to $1,500,000 . The Offering is being conducted by Research Capital Corporation as the sole agent and sole bookrunner . Each Unit shall be comprised of one common share in the capital of the Company and one Common Share purchase warrant of the Company . Each Warrant [...]
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