TUKTU RESOURCES Business Summary

Tuktu Resources Ltd (JAMGF) is a junior oil and gas exploration, development, and production company primarily focused on the Western Canadian Sedimentary Basin. The company generates revenue through the sale of crude oil and natural gas, with its core operations concentrated in the Southern Alberta Deep Basin and Foothills. Its business model centers on the acquisition and exploitation of under-developed conventional and unconventional reservoirs, specifically targeting light oil opportunities in the Monarch oil play (Banff and Big Valley formations) and legacy assets in Penny, Quaich, and Pincher Creek. Within the competitive landscape, Tuktu operates alongside junior peers such as Southern Energy Corp., Avila Energy, and Uriel Gas Holdings. Relative to these competitors, Tuktu positions itself as a lean, micro-cap explorer that leverages technical expertise in complex foothills structures to unlock value from mature fields that larger producers have largely exited. The company is led by President and CEO Jeremy Hodder, who was appointed in October 2025 and brings extensive leadership experience from Capillary Resources, ARC Financial, and Petronas Canada. Supporting the financial strategy is CFO Craig Wall, a senior finance professional with over 25 years of experience at firms including EY, KPMG, and Corval Energy. The board is chaired by Kathleen Dixon, a former Director at BMO Capital Markets with a background in multi-billion dollar energy sector transactions. Following a significant recapitalization and a 2026 strategic pivot, the leadership team has focused on reducing general and administrative expenses while de-risking its Monarch acreage through data-led seismic analysis and low-cost well workovers. The company maintains a tightly held shareholder base, often characterized as a "friends and family" structure, which supports its long-term focus on asset consolidation in southern Alberta.