Investor Centre

While others have focused their attention on the Montney, Cardium, and Wilrich formations, the Foothills hold vast reserves of gas and oil, waiting to be exploited. These conventional reservoirs boast higher permeability and better single-well reserves than the deep basin resource plays, with outstanding full cycle economics (and less variability) and yet they have remained relatively undeveloped, largely because of the past attrition of Foothills technical experts.

Historically, major oil and gas companies have held onto Foothills fields for decades due to their low production decline and long reserve life. Recent discoveries within the shallower Cretaceous reservoirs have proven that these conventional zones can yield superior economic returns than resource plays. The foothills are pervasively fractured and typically exhibit high production rates, low production declines and better aerial drainage, without prohibitive land prices or egress issues.

As a result, with our multi-decadal experience developing the Foothills and past track record of growing successful companies, Tuktu is extremely well-positioned to take advantage of an overlooked region, with immense potential, that very few other companies can compete in.