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Tuktu Resources Ltd. Announces Second Quarter 2025 Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - August 20, 2025) - Tuktu Resources Ltd.  (TSXV: TUK)&#x...
About this update from Tuktu Resources Ltd
[{"type":"text","content":"Tuktu Resources Ltd. Announces Second Quarter 2025 Results and Operations UpdateCalgary, Alberta--(Newsfile Corp. - August 20, 2025) - Tuktu Resources Ltd. (TSXV: TUK) (\"Tuktu\" or the \"Company\") is pleased to announce its financial and operating results for the three and six months ended June 30, 2025, as well as an operations update. Selected financial and operating information should be read in conjunction with Tuktu's unaudited interim condensed financial statements and related management's discussion and analysis (\"MD&A\") for the three and six months ended June 30, 2025, copies of which are available on the Company's SEDAR+ profile at www.sedarplus.ca. Financial and Operating HighlightsThe following table summarizes selected highlights for the three and six months ended June 30, 2025, and June 30, 2024: ($, except share #'s) Three months ended,   Six months ended,     June 30,   June 30,     2025 2024 change 2025 2024 change Financial Highlights                           Petroleum and natural gas sales 2,438,608 623,872 291% 5,713,170 1,152,246 396% Cash flow from (used in) operating activities (429,622) (1,943,319) 78% 641,012 (2,041,278) 131% Per share - basic & diluted (0.00) (0.02) 90% 0.00 (0.02) 114% Adjusted funds flow from (used in) operations (1) (81,126) (1,738,903) 95% 272,525 (1,915,660) 114% Per share - basic & diluted (0.00) (0.01) 98% 0.00 (0.02) 106% Net loss (71,370) (992,419) (93)% (800,847) (1,169,934) (32)% Per share - basic & diluted (0.00) (0.01) (97)% (0.00) (0.01) (69)% Total capital expenditures (1) 787,477 1,264,048 (38)% 6,560,879 1,264,048 419% Adjusted working capital (1) 2,939,702 (504,177) 683% 2,939,702 (504,177) 683% Number of common shares outstanding             Common shares outstanding, end of period 265,563,547 142,894,858 86% 265,563,547 142,894,858 86% Weighted average basic & diluted 265,505,684 125,387,715 112% 264,253,306 120,166,287 120%               Operating Highlights                           Average production volumes             Crude oil (bbl/d) 298 43 593% 328 23 1,326% Natural gas (mcf/...