Investor Centre
Explore Tuktu Resources’ Investor Centre for key investment data, asset highlights, corporate information, ESTMA filings and official SEDAR filings.
The Current Oil and Gas Business Environment
The current oil and gas business environment presents an exceptional opportunity for uniquely positioned start ups such as Tuktu. Investment in the sector has been limited over the past decade, in part because of the burdensome regulatory environment and escalating start-up costs. As a result, capital has been very selective, driving investment away from mature fields, or fields with exploration potential, with which Tuktu has a long history.
Tuktu has chosen to focus in areas that are less active, with limited competition; areas that have ease of surface access, which have many prospective, oil-prone conventional and unconventional reservoirs (Figure 1). Some of these plays, as captured in the current portfolio, have extensive fault related fracture permeability which can deliver some of the most prolific unstimulated initial production rates on the basin. Tuktu has the experience and skill necessary to develop such plays due to their long history of exploiting complex foothills structures.
These goals have been largely met through > two highly accretive asset transactions (Figure 2). The combination of several proven light-oil-prone naturally fractured reservoirs, together with extensive foothills oil and sweet gas-bearing formations in southern Alberta Foothills, presents a unique oil and gas business model in western Canada.
Figure 1. Tuktu Operations area in southern Alberta in the Deep Basin and Foothills. Blue dots represent surface well locations of the numerous producing, suspended, and abandoned wells in Alberta.
Why invest in the Southwestern Alberta Deep Basin & Foothills?
Oil and gas development is at a super mature phase within the Western Canada Sedimentary basin (WCSB, Figure 1). Few, if any, significant conventional reservoirs have been discovered in western Canada within approximately the last 5 years. Operators, instead, have focused on unconventional plays (e.g., Montney, Duvernay, Wilrich). These plays are very costly to exploit; they require a significant initial capital investment and a large contiguous land base. Establishing a new corporate position in these plays is also highly competitive, in part, because the level of technical knowledge to drill and complete these wells is widespread, which drives stiff competition. Recently, certain operators are paying record amounts for such land: in May 15, 2024, an undisclosed operator paid an unprecedented, nearly $6 million for a single section of land, likely for a Montney drilling project.
News Releases
December 11, 2024
Tuktu Resources Ltd. Announces Listing of Warrants
December 3, 2024
Tuktu Resources Ltd. Announces Operational Update and Stock Option Grant
Sedar Filings
For more information on the company and to access our full list of disclosure filings, please visit the link below to view Tuktu’s SEDAR Profile.
ESTMA Report
The Extractive Sector Transparency Measures Act (the Act) was enacted by the Government of Canada on December 16, 2014, and came into effect on June 1, 2015. The Act mandates that entities governed by Canadian law and involved in the extraction of oil, natural gas, or minerals must annually report payments made to all governments, both domestic and international.
This report has been prepared in compliance with the Act.
Modern Slavery Report
We’re proud to share Tuktu Resources Ltd.’s first report under Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act. This report highlights our dedication to preventing and reducing the risks of forced and child labour within our business and supply chains.