Operations
While others have focused their attention on the Montney, Cardium, and Wilrich formations, the Banff Formation of southern Alberta holds significant oil and gas potential waiting to be exploited.
Our Strategy
Growing our production by:
- Develop Tuktu’s existing de-risked oil resource plays to their full potential
- Consolidate land base and extend plays beyond current boundaries
- Plan and execute development plan to reach ~2000 BOPD within 5 years
- Employ existing 3D data to extend exploration success in the Upper Banff SS Play
- Relentless focus on current technology and innovation in Alberta resource play development to continuously improve operations efficiencies and drive down costs
Where We Operate
Tuktu’s Alberta based Monarch light oil asset anchors our investment upside:
High-Quality Assets Positioned for Success
- Monarch: Three proven light oil zones: Upper Banff, Lower Banff and Big Valley
- Light quality oil of 32 API
- Low decline asset base (<10% decline)
- 100% owned and operated infrastructure, year-round access
- Growth opportunity to >2,000 bbl/d
Consolidated Land Base
- 80,000 gross acres with 92% avg WI
- Monarch: 45,000 gross acres with 90% avg WI, 92% undeveloped
- Land consolidation and expansion options
Scale and Growth Opportunity
- Upper and Lower Banff resource play extends beyond existing assets
- Resource de-risked with 21 Hz wells drilled from 2011-2014
- Large OOIP with current RF<1%, can be increased to >10% with down-spacing
- 80-100 new well locations identified within current assets
