Tuktu Resources Ltd · TSXV:TUK
Tuktu Resources — Investor Presentation (June 2023)
16 slides from Tuktu Resources's investor presentation, Jun 9, 2023
Slide 1: A New, Recapitalized Company With a Focus on the Western Canadian Foothills
A New, Recapitalized Company With a Focus on the Western Canadian Foothills TSXV: TUK June, 2023
Slide 2: Investment Highlights
Investment Highlights • Industry leading technical and operational team with direct experience owning and developing profitable Foothills assets. Experienced • Team has successfully executed a Foothills junior growth model twice previously at Manitok Energy Corp. (“Manitok”) Management Team and Ikku
Slide 3: Management Team
Management Team • 25+ years experience, including the founding of five previous oil and gas companies with assets both in Canada and globally, with direct experience in the Foothills via Talisman Energy Tim De Freitas Inc. (“Talisman”) and Ikkuma, in addition to a breadth of experience at British Ga
Slide 4: Corporate Governance
Corporate Governance • Bob was founder and co-founder of Kelt Exploration Ltd., Celtic Exploration Ltd., Peyto Bob Dales Exploration and Development Corp., Amarok Energy Inc., and Manitok, with decades of public Chairman of the Board company experience in the oil and gas sector at both the executive
Slide 5: Record of Success
Record of Success July 2010 to Oct. 2013 May 2014 to Dec. 2018 Dec. 2018 to Jan. 2021 • Went public via an amalgamation with private • Went public via a reverse take-over of a public • Mr. de Freitas, in addition to other members of the company, previously having raised $18MM in equity company, with
Slide 6: Corporate Snapshot & Objectives
Corporate Snapshot & Objectives Current Production: 400 - 430 BOE/d (99% conventional natural gas and 1% light crude oil) Corporate Decline: 7% Reserves(1): PDP NPV 10% TPP NPV 10% Acquisition 1 $590 thousand $35M Acquisition 2 $3.7M $6.2M 2022 Operating Expenses (“OPEX”): $8.97/BOE(2) Facilities: F
Slide 7: Large Untapped Resource in an Underexploited Part of the Basin
Large Untapped Resource in an Underexploited Part of the Basin • Technical Advantage • The complexity of the structures require significant technical expertise. • There are a limited number of teams with the track record, tenure and operational experience of Tuktu Resources. • Emphasis is placed on
Slide 8: Superior Project Economics Due to Enhanced Fracture Networks
Superior Project Economics Due to Enhanced Fracture Networks • Underexploited in development cycle: conventional reservoirs still exist within the Foothills which provide superior results as compared to unconventional/resource plays. • Superior economics are generated from conventional reservoirs du
Slide 9: Acquisition 1: Southern Alberta Foothills Light Oil
Acquisition 1: Southern Alberta Foothills Light Oil • Exploitation of proven Cretaceous and Jurassic light sweet oil and liquids rich natural gas in leading part of the thrust belt (Triangle Zone). • Up to 20 drilling locations(1) in the Brown sandstone: a Jurassic aged, oil charged sandstone. Overl
Slide 10: Acquisition 1: A look-alike to the Stolberg (Foothills) Oil Pool
Acquisition 1: A look-alike to the Stolberg (Foothills) Oil Pool • Stolberg field provided organic growth to 5,100 boe/d(1) at peak production, limited by pool fairway length • Stolberg field identified from one vertical oil well (8-31-42-15W5), with initial production (IP) rates of 24-30 boe/d with
Slide 11: Acquisition 2: Southern Alberta Foothills Sweet Gas
Acquisition 2: Southern Alberta Foothills Sweet Gas Cowley Gas Plant • Low decline (7%), conventional natural gas production • Asset provides trailing 12 month corporate OPEX of $8.97/BOE 1 • Purchased at 2X Net Operating income2 • $3.09/BOE PDP purchase price, approximately 406 BOE/d • About 18% of
Slide 12: Acquisition 2: Southern Alberta Foothills Sweet Gas
Acquisition 2: Southern Alberta Foothills Sweet Gas PDP NPV10% TPP (MPBOE) TPP NPV10% Summary (Mboe) ($M) (Mboe) ($M) Acquisition 1 (1) 27 $ 590 1,301 $ 35,087 Acquisition 2 Acquisition 2 (2) 727 $ 3,700 1,449 $ 6,200 1) Based on Chapman Engineering Report, as at June 30, 2022, press released Decemb
Slide 13: Advisory
Advisory In this presentation, all amounts are in Canadian dollars, unless otherwise indicated. Any graphs, tables or other information in this presentation demonstrating the historical performance, growth and transactions of entities, assets, geographical areas and the management team are intended
Slide 14: Advisory
Advisory Forward-Looking Information, cont’d The forward-looking statements contained in this investor presentation are made as of the date hereof and the parties do not undertake any obligation to update or revise any forward- looking statements or information, whether as a result of new informatio
Slide 15: Advisory
Advisory Supplementary Financial matters This presentation may contain certain supplementary financial measures. NI 52-112 defines a supplementary financial measure as a financial measure that: (i) is intended to be disclosed on a periodic basis to depict the historical or expected future financial
Slide 16: Advisory
Advisory Analogous Resource Information This presentation contains certain information with respect to resources in place on properties adjacent to the acreage where the Company intends to invest its resources, which is "analogous information" as defined by applicable securities laws. This analogous