Tuktu Resources Ltd · TSXV:TUK
Tuktu Resources — Investor Presentation (September 2026)
22 slides from Tuktu Resources's investor presentation, September 2026
Slide 1: Corporate Presentation
Corporate Presentation September 2026
Slide 2: Corporate Overview
Corporate Overview Stacked Multi-Zone ✓ Monarch: Three proven light oil zones: Upper Banff, Lower Banff and Big Valley Monarch Asset Opportunity ✓ Light quality oil of 32 API ✓ Low decline asset base (<10% decline) ✓ 100% owned and operated infrastructure, year-round access ✓ Growth opportunity to >
Slide 3: The Monarch Story: 2.19 MM BBLS produced since 2011
The Monarch Story…….2.19 MM BBLS produced since 2011 1980s 2010-2011 2011-2015 2015-2016 2020-2021 2022 Light oil Delineation Oil prices discovered in Light oil and collapse Tamarack Whitecap Lower Banff discovered in development TORC acquires acquires and Big Upper Banff by TORC in focuses on South
Slide 4: Production
Production Cowley Cadomin Gas Banff Monarch Oil Stable Production Since March 2026 Low Decline Minimal maintenance capital requirement 3
Slide 5: Monarch – Land
Monarch – Land • Material land position with no immediate expiries • Net Sections Upper Banff: 31 Lower Banff and Big Valley: 62 • 78% Crown with 40 sections continued indefinitely • Ability to expand position at low cost 4
Slide 6: Monarch Stacked Reservoirs
Monarch Stacked Reservoirs Highlights 13-16-10-24W4 • Monarch asset has produced 2.19 mmbbls since 2011 (21 Reservoir Stratigraphy wells in Banff & Big Valley Formations) • Lower Banff is ~16m thick, contiguous across Tuktu land • Big Valley is ~4-8m thick, contiguous across Tuktu land • Upper Banff
Slide 7: Monarch Lower Banff Development Plan
Monarch Lower Banff Development Plan Monarch Lower Banff Drilling Map • Lower Banff up to 16m net pay contiguous across asset • 10 high-graded locations with surface pads identified • Initial drill pad selected as 14-36 • 2-mile laterals, 4 wells per section • 9 locations booked; 53 upside location
Slide 8: Lower Banff Type Curve
Monarch – Lower Banff Type Curve Daily Oil Production Normalized to 2Mile Lateral Length Cumulative Oil Production Normalized to 2Mile Lateral Length 600 400 Upper Big Lower Banff Valley Banff Hz Vert Hz 350 500 DCET ($mm) 2.9 6.5 6.5 IP90 (bbl/d) 310 425 340 300 Cumulative Oil Production (mbbl) 400
Slide 9: Lower Banff Type Curve
Monarch – Lower Banff Type Curve Daily Oil Production Normalized to 2Mile Lateral Length Cumulative Oil Production Normalized to 2Mile Lateral Length 1200 1200 Upper Big Lower Banff Valley Banff Hz Vert Hz 1000 1000 DCET ($mm) 2.9 6.5 6.5 Cumulative Oil Production (mbbl) IP90 (bbl/d) 310 425 340 Dai
Slide 10: Monarch – Big Valley
Monarch – Big Valley Monarch Big Valley Drilling Map • Big Valley up to 8m net pay, contiguous across asset • 5 high-graded locations with surface pads identified • 2-mile laterals, 2 wells per section • Crown wells drilled initially • 1 location booked; 36 upside locations • 78% crown sections; 40
Slide 11: Big Valley Type Curve
Monarch – Big Valley Type Curve Daily Oil Production Normalized to 2Mile Lateral Length Cumulative Oil Production Normalized to 2Mile Lateral Length 450 250 Upper Big Lower Banff Valley 400 Banff Hz Vert Hz DCET ($mm) 2.9 6.5 6.5 200 350 IP90 (bbl/d) 310 425 340 Cumulative Oil Production (mbbl) 300
Slide 12: Monarch – Lower Banff Development Plan
Monarch – Lower Banff Development Plan Initial Ramp followed by Booked Potential New Adds levelized production levels 4000 Well Count: 27 3500 WTI @70 USD/bbl 3000 BTNPV10: 143MM ROR: 124% 2500 2000 WTI @80 USD/bbl BTNPV10: 197.2MM 1500 ROR: 203% 1000 Peak Rate: ~3200bbl/d 2033 Ave Rate: ~2900bbl/d
Slide 13: Lower Banff Development Plan
Monarch – Lower Banff Development Plan Monarch Development Plan Monarch Development Plan Potential Reserves Mbbls 8,414 150 BT NPV10% ($MM) 142.7 100 50 BT IRR 124% 0 Capital Cost ($/bbl) 22.18 $MM -50 Recyle Ratio 2.65 -100 -150 Well Count (net) 27 -200 2033 Capex to keep flat ($MM) $29.5 -250 2027
Slide 14: Monarch – Development Profile
Monarch – DEVELOPMENT PROFILE $70 WTI USD Production Year 1 Year 2 Year 3 Year 4 Year 5 KEY ASSUMPTIONS Total Production boe/d 593 1,175 1,843 2,500 2,617 % Gowth % 100% 98% 57% 36% 5% # Wells Drilled # 2 4 4 5 4 • Flat pricing of $70 WTI USD and $80 WTI USD used CASH FLOW with a 1.35CAD/USD FX unti
Slide 15: Tuktu Monarch Upside – Banff Sandstone
Tuktu Monarch Upside – Banff Sandstone U Banff SS 4.5m Pay Upper Banff SS Play Gross and Net Pay (6%) VFG Sandstone. Low Density 14
Slide 16: Upper Banff – 4-20 Vertical Type Curve vs PDP Reserve
Monarch Upper Banff – 4-20 Vertical Type Curve vs PDP Reserve Upper Big Banff Lower Valley 4-20 Actual with PDP Reserve Plot Vs Type Curves Banff Hz 140 Vert Hz DCET ($mm) 2.9 6.5 6.5 120 Cumulative Production (mbbl) IP90 (bbl/d) 310 425 340 100 Oil EUR (mbbl) 148 300 300 80 ROR (%) 309% 136% 57 60
Slide 17: Verticals (Banff and Big Valley)
Monarch – Verticals (Banff and Big Valley) 35000 Cumulative Production (bbl) 120 30000 25000 20000 100 15000 10000 5000 0 80 0 20 40 60 80 100 120 140 Production (bbl/d) Time (Months) 60 100/03-32-004-23W4/0 100/04-21-006-24W4/0 100/09-14-006-25W4/0 100/06-10-008-22W4/0 100/16-30-008-22W4/0 100/16-0
Slide 18: Upper Banff – Vertical Economics
Monarch Upper Banff – Vertical Economics Finding another 4-20 anomaly provides superior WTI: $80/bbl economic performance. 4-20 Type Curve 75% 50% Adding Big Valley and Lower Banff vertical BTROR (%) 500+ 240 71 completions mitigates downside risk by providing BTNPV10 ($MM) 5.1 3.1 1.1 (~40bbl/d) of
Slide 19: Forward Looking Statements Advisory
FORWARD LOOKING STATEMENTS ADVISORY Forward-Looking and Cautionary Statements Certain information contained in this presentation may constitute forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable securities legislation that involve
Slide 20: Forward Looking Statements Advisory
FORWARD LOOKING STATEMENTS ADVISORY Factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development and results of the Company’s businesses include, among other things: risks inherent in the Company's future operations; the Compa
Slide 21: Oil and Gas Advisories
Oil AND GAS ADVISORIES Disclosure of Oil and Gas Information Unit Cost Calculation: The term barrels of oil equivalent (“boe”) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence i
Slide 22: Certain Oil & Gas Advisories
CERTAIN OIL & GAS ADVISORIES Non-IFRS Measures, Non-IFRS Financial Ratios and Capital Management Measures This presentation includes various specified financial measures, including non-IFRS financial measures, non-IFRS financial ratios, capital management measures and capital management ratios as fu
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