Tuktu Resources Ltd. Announces 2024 Year-End Reserves and Operations Update

Original announcement by tmx on

Company
Tuktu Resources Ltd.
Ticker
TUK
Exchange
TSX
Region
Alberta, Canada
Primary commodity
Oil
Secondary commodities
Natural gas
Document categories
Resource update, Production
Extracted
2026-09-17 03:32:50 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Tuktu Resources Ltd. announced its 2024 year-end independent oil and gas reserves evaluation, reporting significant increases across all categories. Total proved plus probable reserves increased by 204% to 4,914 Mboe, with a 624% increase in corresponding net present value to $69.0 million (before tax, 10% discount). A new Banff discovery well is outperforming production estimates by approximately 50%.

Reasoning: Tuktu Resources Ltd. announced its 2024 year-end reserves, showing substantial growth in both proved and proved plus probable categories, along with significant increases in net present value. A new discovery well is also outperforming initial production estimates, indicating strong operational performance and future potential.

Positive factors

  • Significant reserve increases across all categories
  • Substantial increase in net present value (NPV)
  • New discovery well outperforming production estimates
  • NI 51-101 and COGEH compliant report

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 90

Extracted facts

Stored fact records: 90. Some facts used in scoring do not have a stored record.

Resource Estimates (90)

proventight oilContained Metal: 279.4Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
279.4
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Developed Producing reserves of Tight Oil are reported at 279.4 Mbbl, indicating a significant and highly confident reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential.

Evidence · table

“279.4”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

proventight oilContained Metal: 234.3Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
234.3
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Developed Producing reserves of Tight Oil are reported at 234.3 Mbbl, representing the company's interest after royalties.

Positive factors

  • Net Proved Developed Producing reserves of Tight Oil are reported, indicating high confidence and immediate production potential.

Evidence · table

“234.3”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenlight and medium oilContained Metal: 0.4Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
0.4
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Developed Producing reserves of Light and Medium Oil are reported at 0.4 Mbbl, a small but highly confident reserve.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential.

Evidence · table

“0.4”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenlight and medium oilContained Metal: 0.3Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
0.3
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Developed Producing reserves of Light and Medium Oil are reported at 0.3 Mbbl, representing the company's interest after royalties.

Positive factors

  • Net Proved Developed Producing reserves of Light and Medium Oil are reported, indicating high confidence and immediate production potential.

Evidence · table

“0.3”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenconventional natural gasContained Metal: 4836Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
4836
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Developed Producing reserves of Conventional Natural Gas are reported at 4,836.0 MMcf, indicating a significant and highly confident reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential.

Evidence · table

“4,836.0”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenconventional natural gasContained Metal: 4179.4Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
4179.4
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Developed Producing reserves of Conventional Natural Gas are reported at 4,179.4 MMcf, representing the company's interest after royalties.

Positive factors

  • Net Proved Developed Producing reserves of Conventional Natural Gas are reported, indicating high confidence and immediate production potential.

Evidence · table

“4,179.4”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentContained Metal: 1085.8Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
1085.8
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Developed Producing reserves of Oil Equivalent are reported at 1,085.8 Mboe, representing a substantial and highly confident reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential.
  • Significant volume of oil equivalent reserves.

Evidence · table

“1,085.8”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentContained Metal: 931.2Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
931.2
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Developed Producing reserves of Oil Equivalent are reported at 931.2 Mboe, representing the company's interest after royalties.

Positive factors

  • Net Proved Developed Producing reserves of Oil Equivalent are reported, indicating high confidence and immediate production potential.
  • Significant volume of oil equivalent reserves.

Evidence · table

“931.2”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

proventight oilContained Metal: 51.6Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
51.6
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Developed Non-Producing reserves of Tight Oil are reported at 51.6 Mbbl, representing future production potential from developed wells.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence in future production.

Evidence · table

“51.6”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

proventight oilContained Metal: 46Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
46
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Developed Non-Producing reserves of Tight Oil are reported at 46.0 Mbbl, representing the company's interest after royalties.

Positive factors

  • Net Proved Developed Non-Producing reserves of Tight Oil are reported, indicating high confidence in future production.

Evidence · table

“46.0”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenlight and medium oilContained Metal: 0Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
0
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Developed Non-Producing reserves of Light and Medium Oil are reported as 0.0 Mbbl, indicating no current reserves in this category.

Negative factors

  • No reserves reported in this category for Light and Medium Oil.

Evidence · table

“0.0”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenlight and medium oilContained Metal: 0Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
0
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Developed Non-Producing reserves of Light and Medium Oil are reported as 0.0 Mbbl, indicating no current reserves in this category.

Negative factors

  • No reserves reported in this category for Light and Medium Oil.

Evidence · table

“0.0”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenconventional natural gasContained Metal: 0Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
0
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Developed Non-Producing reserves of Conventional Natural Gas are reported as 0.0 MMcf, indicating no current reserves in this category.

Negative factors

  • No reserves reported in this category for Conventional Natural Gas.

Evidence · table

“0.0”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenconventional natural gasContained Metal: 0Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
0
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Developed Non-Producing reserves of Conventional Natural Gas are reported as 0.0 MMcf, indicating no current reserves in this category.

Negative factors

  • No reserves reported in this category for Conventional Natural Gas.

Evidence · table

“0.0”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentContained Metal: 51.6Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
51.6
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Developed Non-Producing reserves of Oil Equivalent are reported at 51.6 Mboe, representing future production potential from developed wells.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence in future production.

Evidence · table

“51.6”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentContained Metal: 46Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
46
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Developed Non-Producing reserves of Oil Equivalent are reported at 46.0 Mboe, representing the company's interest after royalties.

Positive factors

  • Net Proved Developed Non-Producing reserves of Oil Equivalent are reported, indicating high confidence in future production.

Evidence · table

“46.0”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

proventight oilContained Metal: 249.9Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
249.9
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Undeveloped reserves of Tight Oil are reported at 249.9 Mbbl, representing future development potential.

Positive factors

  • Proved Undeveloped category indicates high confidence in future development.

Evidence · table

“249.9”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

proventight oilContained Metal: 216.6Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
216.6
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Undeveloped reserves of Tight Oil are reported at 216.6 Mbbl, representing the company's interest after royalties.

Positive factors

  • Net Proved Undeveloped reserves of Tight Oil are reported, indicating high confidence in future development.

Evidence · table

“216.6”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenlight and medium oilContained Metal: 0Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
0
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Undeveloped reserves of Light and Medium Oil are reported as 0.0 Mbbl, indicating no current reserves in this category.

Negative factors

  • No reserves reported in this category for Light and Medium Oil.

Evidence · table

“0.0”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenlight and medium oilContained Metal: 0Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
0
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Undeveloped reserves of Light and Medium Oil are reported as 0.0 Mbbl, indicating no current reserves in this category.

Negative factors

  • No reserves reported in this category for Light and Medium Oil.

Evidence · table

“0.0”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenconventional natural gasContained Metal: 0Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
0
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Undeveloped reserves of Conventional Natural Gas are reported as 0.0 MMcf, indicating no current reserves in this category.

Negative factors

  • No reserves reported in this category for Conventional Natural Gas.

Evidence · table

“0.0”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenconventional natural gasContained Metal: 0Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
0
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Undeveloped reserves of Conventional Natural Gas are reported as 0.0 MMcf, indicating no current reserves in this category.

Negative factors

  • No reserves reported in this category for Conventional Natural Gas.

Evidence · table

“0.0”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentContained Metal: 249.9Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
249.9
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Proved Undeveloped reserves of Oil Equivalent are reported at 249.9 Mboe, representing future development potential.

Positive factors

  • Proved Undeveloped category indicates high confidence in future development.

Evidence · table

“249.9”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentContained Metal: 216.6Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
216.6
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Proved Undeveloped reserves of Oil Equivalent are reported at 216.6 Mboe, representing the company's interest after royalties.

Positive factors

  • Net Proved Undeveloped reserves of Oil Equivalent are reported, indicating high confidence in future development.

Evidence · table

“216.6”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

proventight oilContained Metal: 580.9Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
580.9
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Total Proved reserves of Tight Oil are reported at 580.9 Mbbl, representing a substantial and highly confident reserve base.

Positive factors

  • Total Proved category indicates high confidence in overall reserves.
  • Significant volume of tight oil reserves.

Evidence · table

“580.9”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

proventight oilContained Metal: 496.9Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
496.9
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Total Proved reserves of Tight Oil are reported at 496.9 Mbbl, representing the company's interest after royalties.

Positive factors

  • Net Total Proved category indicates high confidence in overall reserves.
  • Significant volume of tight oil reserves.

Evidence · table

“496.9”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenlight and medium oilContained Metal: 0.4Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
0.4
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Total Proved reserves of Light and Medium Oil are reported at 0.4 Mbbl, a small but highly confident reserve.

Positive factors

  • Total Proved category indicates high confidence in overall reserves.

Evidence · table

“0.4”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenlight and medium oilContained Metal: 0.3Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
0.3
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Total Proved reserves of Light and Medium Oil are reported at 0.3 Mbbl, representing the company's interest after royalties.

Positive factors

  • Net Total Proved category indicates high confidence in overall reserves.

Evidence · table

“0.3”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenconventional natural gasContained Metal: 4836Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
4836
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Total Proved reserves of Conventional Natural Gas are reported at 4,836.0 MMcf, representing a substantial and highly confident reserve base.

Positive factors

  • Total Proved category indicates high confidence in overall reserves.
  • Significant volume of conventional natural gas reserves.

Evidence · table

“4,836.0”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenconventional natural gasContained Metal: 4179.4Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
4179.4
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Total Proved reserves of Conventional Natural Gas are reported at 4,179.4 MMcf, representing the company's interest after royalties.

Positive factors

  • Net Total Proved category indicates high confidence in overall reserves.
  • Significant volume of conventional natural gas reserves.

Evidence · table

“4,179.4”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentContained Metal: 1387.3Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven
Contained Metal
1387.3
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Total Proved reserves of Oil Equivalent are reported at 1,387.3 Mboe, representing a substantial and highly confident reserve base.

Positive factors

  • Total Proved category indicates high confidence in overall reserves.
  • Significant volume of oil equivalent reserves.

Evidence · table

“1,387.3”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentContained Metal: 1193.8Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven
Contained Metal
1193.8
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Total Proved reserves of Oil Equivalent are reported at 1,193.8 Mboe, representing the company's interest after royalties.

Positive factors

  • Net Total Proved category indicates high confidence in overall reserves.
  • Significant volume of oil equivalent reserves.

Evidence · table

“1,193.8”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probabletight oilContained Metal: 2846.5Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable
Contained Metal
2846.5
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Probable reserves of Tight Oil are reported at 2,846.5 Mbbl, indicating significant future potential.

Positive factors

  • Probable category indicates good potential for future conversion to proved reserves.
  • Large volume of tight oil reserves.

Evidence · table

“2,846.5”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probabletight oilContained Metal: 2362.8Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable
Contained Metal
2362.8
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Probable reserves of Tight Oil are reported at 2,362.8 Mbbl, representing the company's interest after royalties and significant future potential.

Positive factors

  • Net Probable category indicates good potential for future conversion to proved reserves.
  • Large volume of tight oil reserves.

Evidence · table

“2,362.8”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probablelight and medium oilContained Metal: 114.3Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable
Contained Metal
114.3
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Probable reserves of Light and Medium Oil are reported at 114.3 Mbbl, indicating future potential.

Positive factors

  • Probable category indicates good potential for future conversion to proved reserves.

Evidence · table

“114.3”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probablelight and medium oilContained Metal: 106.4Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable
Contained Metal
106.4
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Probable reserves of Light and Medium Oil are reported at 106.4 Mbbl, representing the company's interest after royalties and future potential.

Positive factors

  • Net Probable category indicates good potential for future conversion to proved reserves.

Evidence · table

“106.4”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableconventional natural gasContained Metal: 3396.1Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable
Contained Metal
3396.1
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Probable reserves of Conventional Natural Gas are reported at 3,396.1 MMcf, indicating significant future potential.

Positive factors

  • Probable category indicates good potential for future conversion to proved reserves.
  • Large volume of conventional natural gas reserves.

Evidence · table

“3,396.1”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableconventional natural gasContained Metal: 2820.2Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable
Contained Metal
2820.2
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Probable reserves of Conventional Natural Gas are reported at 2,820.2 MMcf, representing the company's interest after royalties and significant future potential.

Positive factors

  • Net Probable category indicates good potential for future conversion to proved reserves.
  • Large volume of conventional natural gas reserves.

Evidence · table

“2,820.2”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableoil equivalentContained Metal: 3526.8Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable
Contained Metal
3526.8
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Probable reserves of Oil Equivalent are reported at 3,526.8 Mboe, indicating significant future potential.

Positive factors

  • Probable category indicates good potential for future conversion to proved reserves.
  • Large volume of oil equivalent reserves.

Evidence · table

“3,526.8”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableoil equivalentContained Metal: 2939.2Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable
Contained Metal
2939.2
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Probable reserves of Oil Equivalent are reported at 2,939.2 Mboe, representing the company's interest after royalties and significant future potential.

Positive factors

  • Net Probable category indicates good potential for future conversion to proved reserves.
  • Large volume of oil equivalent reserves.

Evidence · table

“2,939.2”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probabletight oilContained Metal: 3427.4Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable
Contained Metal
3427.4
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Total Proved Plus Probable reserves of Tight Oil are reported at 3,427.4 Mbbl, representing a very large overall reserve base.

Positive factors

  • Total Proved Plus Probable category indicates significant overall reserve potential.
  • Very large volume of tight oil reserves.

Evidence · table

“3,427.4”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probabletight oilContained Metal: 2859.7Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
tight oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable
Contained Metal
2859.7
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Total Proved Plus Probable reserves of Tight Oil are reported at 2,859.7 Mbbl, representing the company's interest after royalties and a very large overall reserve base.

Positive factors

  • Net Total Proved Plus Probable category indicates significant overall reserve potential.
  • Very large volume of tight oil reserves.

Evidence · table

“2,859.7”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probablelight and medium oilContained Metal: 114.7Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable
Contained Metal
114.7
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Total Proved Plus Probable reserves of Light and Medium Oil are reported at 114.7 Mbbl, contributing to the overall reserve base.

Positive factors

  • Total Proved Plus Probable category indicates significant overall reserve potential.

Evidence · table

“114.7”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probablelight and medium oilContained Metal: 106.7Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
light and medium oil
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable
Contained Metal
106.7
Contained Unit
mbbl

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Total Proved Plus Probable reserves of Light and Medium Oil are reported at 106.7 Mbbl, representing the company's interest after royalties and contributing to the overall reserve base.

Positive factors

  • Net Total Proved Plus Probable category indicates significant overall reserve potential.

Evidence · table

“106.7”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableconventional natural gasContained Metal: 8232.1Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable
Contained Metal
8232.1
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Total Proved Plus Probable reserves of Conventional Natural Gas are reported at 8,232.1 MMcf, representing a very large overall reserve base.

Positive factors

  • Total Proved Plus Probable category indicates significant overall reserve potential.
  • Very large volume of conventional natural gas reserves.

Evidence · table

“8,232.1”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableconventional natural gasContained Metal: 6999.5Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
conventional natural gas
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable
Contained Metal
6999.5
Contained Unit
mmcf

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Total Proved Plus Probable reserves of Conventional Natural Gas are reported at 6,999.5 MMcf, representing the company's interest after royalties and a very large overall reserve base.

Positive factors

  • Net Total Proved Plus Probable category indicates significant overall reserve potential.
  • Very large volume of conventional natural gas reserves.

Evidence · table

“6,999.5”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableoil equivalentContained Metal: 4914.1Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable
Contained Metal
4914.1
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Gross Total Proved Plus Probable reserves of Oil Equivalent are reported at 4,914.1 Mboe, representing a very large overall reserve base.

Positive factors

  • Total Proved Plus Probable category indicates significant overall reserve potential.
  • Very large volume of oil equivalent reserves.

Evidence · table

“4,914.1”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableoil equivalentContained Metal: 4132.9Contained Unit: mboeView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable
Contained Metal
4132.9
Contained Unit
mboe

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Net Total Proved Plus Probable reserves of Oil Equivalent are reported at 4,132.9 Mboe, representing the company's interest after royalties and a very large overall reserve base.

Positive factors

  • Net Total Proved Plus Probable category indicates significant overall reserve potential.
  • Very large volume of oil equivalent reserves.

Evidence · table

“4,132.9”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31
Prior Contained Metal
920.9

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Proved Developed Producing oil equivalent reserves increased from 920.9 Mboe in the prior year to 1,085.8 Mboe, indicating growth in highly confident reserves.

Positive factors

  • Increase in Proved Developed Producing reserves from prior year.

Evidence · table

“920.9”

Context: December 31, 2023

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenoil equivalentView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31
Prior Contained Metal
1080.6

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Total Proved oil equivalent reserves increased from 1,080.6 Mboe in the prior year to 1,387.3 Mboe, indicating substantial growth in overall proved reserves.

Positive factors

  • Significant increase in Total Proved reserves from prior year.

Evidence · table

“1,080.6”

Context: December 31, 2023

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableoil equivalentView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31
Prior Contained Metal
535.3

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Probable oil equivalent reserves increased dramatically from 535.3 Mboe in the prior year to 3,526.8 Mboe, indicating substantial new potential.

Positive factors

  • Very significant increase in Probable reserves from prior year.

Evidence · table

“535.3”

Context: December 31, 2023

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableoil equivalentView all details
Link to this fact

Identity

Commodity
oil equivalent
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31
Prior Contained Metal
1615.9

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Total Proved Plus Probable oil equivalent reserves increased dramatically from 1,615.9 Mboe in the prior year to 4,914.1 Mboe, indicating substantial overall growth.

Positive factors

  • Very significant increase in Total Proved Plus Probable reserves from prior year.

Evidence · table

“1,615.9”

Context: December 31, 2023

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Future development costs for Proved Developed Producing reserves are estimated at $0.0 M$, suggesting no further capital expenditure is planned for this category in the near term.

Negative factors

  • No future development costs are estimated for Proved Developed Producing reserves, which could indicate limited growth potential for this category.

Evidence · table

“0.0”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Future development costs for Proved Developed Non-Producing reserves are estimated at $325.0 M$, indicating planned capital expenditure in 2025.

Positive factors

  • Future development costs are allocated to Proved Developed Non-Producing reserves, indicating planned investment to bring these reserves online.

Evidence · table

“325.0”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Future development costs for Proved Undeveloped reserves are estimated at $5,501.3 M$, indicating significant planned capital expenditure in 2027.

Positive factors

  • Significant future development costs are allocated to Proved Undeveloped reserves, indicating substantial planned investment to bring these reserves into production.

Evidence · table

“5,501.3”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:7ec9e105b35d3dcb509b
Resource basis
gross

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Total future development costs for Proved reserves are estimated at $5,826.3 M$, indicating substantial planned capital expenditure over the next few years.

Positive factors

  • Significant future development costs are allocated to Total Proved reserves, indicating substantial planned investment to bring these reserves into production.

Evidence · table

“5,501.3”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Future development costs for Probable reserves are estimated at $50,173.7 M$, indicating very substantial planned capital expenditure over the next few years.

Positive factors

  • Very significant future development costs are allocated to Probable reserves, indicating substantial planned investment to bring these reserves into production.

Evidence · table

“22,098.7”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:8e2326f4d6c2353ff6ec
Resource basis
gross

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: Total future development costs for Proved Plus Probable reserves are estimated at $55,999.9 M$, indicating very substantial planned capital expenditure over the next few years.

Positive factors

  • Very significant future development costs are allocated to Total Proved Plus Probable reserves, indicating substantial planned investment to bring these reserves into production.

Evidence · table

“27,600.0”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Producing reserves is reported at $15,829.5 M$ (before tax, 0% discount), indicating significant value from currently producing assets.

Positive factors

  • High NPV for Proved Developed Producing reserves at 0% discount rate, indicating strong underlying value.

Evidence · table

“15,829.5”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Producing reserves is reported at $14,189.8 M$ (before tax, 5% discount), indicating significant value from currently producing assets.

Positive factors

  • High NPV for Proved Developed Producing reserves at 5% discount rate, indicating strong underlying value.

Evidence · table

“14,189.8”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Producing reserves is reported at $12,682.3 M$ (before tax, 10% discount), indicating significant value from currently producing assets.

Positive factors

  • High NPV for Proved Developed Producing reserves at 10% discount rate, indicating strong underlying value.

Evidence · table

“12,682.3”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Producing reserves is reported at $11,445.4 M$ (before tax, 15% discount), indicating significant value from currently producing assets.

Positive factors

  • High NPV for Proved Developed Producing reserves at 15% discount rate, indicating strong underlying value.

Evidence · table

“11,445.4”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Producing reserves is reported at $10,448.7 M$ (before tax, 20% discount), indicating significant value from currently producing assets.

Positive factors

  • High NPV for Proved Developed Producing reserves at 20% discount rate, indicating strong underlying value.

Evidence · table

“10,448.7”

Context: Proved Developed Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Non-Producing reserves is reported at $769.3 M$ (before tax, 0% discount), indicating value from future production from developed wells.

Positive factors

  • Positive NPV for Proved Developed Non-Producing reserves at 0% discount rate, indicating value from future production.

Evidence · table

“769.3”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Non-Producing reserves is reported at $738.3 M$ (before tax, 5% discount), indicating value from future production from developed wells.

Positive factors

  • Positive NPV for Proved Developed Non-Producing reserves at 5% discount rate, indicating value from future production.

Evidence · table

“738.3”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Non-Producing reserves is reported at $679.0 M$ (before tax, 10% discount), indicating value from future production from developed wells.

Positive factors

  • Positive NPV for Proved Developed Non-Producing reserves at 10% discount rate, indicating value from future production.

Evidence · table

“679.0”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Non-Producing reserves is reported at $615.1 M$ (before tax, 15% discount), indicating value from future production from developed wells.

Positive factors

  • Positive NPV for Proved Developed Non-Producing reserves at 15% discount rate, indicating value from future production.

Evidence · table

“615.1”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Developed Non-Producing reserves is reported at $555.1 M$ (before tax, 20% discount), indicating value from future production from developed wells.

Positive factors

  • Positive NPV for Proved Developed Non-Producing reserves at 20% discount rate, indicating value from future production.

Evidence · table

“555.1”

Context: Proved Developed Non-Producing

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Undeveloped reserves is reported at $7,201.0 M$ (before tax, 0% discount), indicating significant value from future development.

Positive factors

  • Positive NPV for Proved Undeveloped reserves at 0% discount rate, indicating significant future development potential.

Evidence · table

“7,201.0”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Undeveloped reserves is reported at $5,342.5 M$ (before tax, 5% discount), indicating significant value from future development.

Positive factors

  • Positive NPV for Proved Undeveloped reserves at 5% discount rate, indicating significant future development potential.

Evidence · table

“5,342.5”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Undeveloped reserves is reported at $4,091.3 M$ (before tax, 10% discount), indicating significant value from future development.

Positive factors

  • Positive NPV for Proved Undeveloped reserves at 10% discount rate, indicating significant future development potential.

Evidence · table

“4,091.3”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Undeveloped reserves is reported at $3,210.7 M$ (before tax, 15% discount), indicating significant value from future development.

Positive factors

  • Positive NPV for Proved Undeveloped reserves at 15% discount rate, indicating significant future development potential.

Evidence · table

“3,210.7”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Proved Undeveloped reserves is reported at $2,567.0 M$ (before tax, 20% discount), indicating significant value from future development.

Positive factors

  • Positive NPV for Proved Undeveloped reserves at 20% discount rate, indicating significant future development potential.

Evidence · table

“2,567.0”

Context: Proved Undeveloped

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved reserves is reported at $23,799.9 M$ (before tax, 0% discount), indicating significant overall value.

Positive factors

  • High NPV for Total Proved reserves at 0% discount rate, indicating strong overall value.

Evidence · table

“23,799.9”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved reserves is reported at $20,270.7 M$ (before tax, 5% discount), indicating significant overall value.

Positive factors

  • High NPV for Total Proved reserves at 5% discount rate, indicating strong overall value.

Evidence · table

“20,270.7”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved reserves is reported at $17,452.5 M$ (before tax, 10% discount), indicating significant overall value.

Positive factors

  • High NPV for Total Proved reserves at 10% discount rate, indicating strong overall value.

Evidence · table

“17,452.5”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved reserves is reported at $15,271.2 M$ (before tax, 15% discount), indicating significant overall value.

Positive factors

  • High NPV for Total Proved reserves at 15% discount rate, indicating strong overall value.

Evidence · table

“15,271.2”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:45542d76bb27c57a1231
Resource basis
attributable

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved reserves is reported at $13,570.9 M$ (before tax, 20% discount), indicating significant overall value.

Positive factors

  • High NPV for Total Proved reserves at 20% discount rate, indicating strong overall value.

Evidence · table

“13,570.9”

Context: Total Proved

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Probable reserves is reported at $91,923.4 M$ (before tax, 0% discount), indicating very significant future potential.

Positive factors

  • Very high NPV for Probable reserves at 0% discount rate, indicating substantial future potential.

Evidence · table

“91,923.4”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Probable reserves is reported at $66,995.2 M$ (before tax, 5% discount), indicating very significant future potential.

Positive factors

  • Very high NPV for Probable reserves at 5% discount rate, indicating substantial future potential.

Evidence · table

“66,995.2”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Probable reserves is reported at $51,509.6 M$ (before tax, 10% discount), indicating very significant future potential.

Positive factors

  • Very high NPV for Probable reserves at 10% discount rate, indicating substantial future potential.

Evidence · table

“51,509.6”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Probable reserves is reported at $40,964.8 M$ (before tax, 15% discount), indicating very significant future potential.

Positive factors

  • Very high NPV for Probable reserves at 15% discount rate, indicating substantial future potential.

Evidence · table

“40,964.8”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Probable reserves is reported at $33,365.2 M$ (before tax, 20% discount), indicating very significant future potential.

Positive factors

  • Very high NPV for Probable reserves at 20% discount rate, indicating substantial future potential.

Evidence · table

“33,365.2”

Context: Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved Plus Probable reserves is reported at $115,723.2 M$ (before tax, 0% discount), indicating extremely significant overall value.

Positive factors

  • Extremely high NPV for Total Proved Plus Probable reserves at 0% discount rate, indicating very strong overall value.

Evidence · table

“115,723.2”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved Plus Probable reserves is reported at $87,265.9 M$ (before tax, 5% discount), indicating extremely significant overall value.

Positive factors

  • Extremely high NPV for Total Proved Plus Probable reserves at 5% discount rate, indicating very strong overall value.

Evidence · table

“87,265.9”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved Plus Probable reserves is reported at $68,962.1 M$ (before tax, 10% discount), indicating extremely significant overall value.

Positive factors

  • Extremely high NPV for Total Proved Plus Probable reserves at 10% discount rate, indicating very strong overall value.

Evidence · table

“68,962.1”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved Plus Probable reserves is reported at $56,235.9 M$ (before tax, 15% discount), indicating extremely significant overall value.

Positive factors

  • Extremely high NPV for Total Proved Plus Probable reserves at 15% discount rate, indicating very strong overall value.

Evidence · table

“56,235.9”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableView all details
Link to this fact

Identity

Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:ff0d8d4cd59941e7121c
Resource basis
attributable

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Net Present Value for Total Proved Plus Probable reserves is reported at $46,936.0 M$ (before tax, 20% discount), indicating extremely significant overall value.

Positive factors

  • Extremely high NPV for Total Proved Plus Probable reserves at 20% discount rate, indicating very strong overall value.

Evidence · table

“46,936.0”

Context: Total Proved Plus Probable

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

provenBanff discovery wellView all details
Link to this fact

Identity

Project
Banff discovery well
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:a2f005e4820732d3d5cc
Resource basis
gross

Resource Data

Category
proven

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Banff discovery well has a Total Proved NPV of $3.5 million (10% discount, before tax), contributing positively to the company's overall value.

Positive factors

  • Positive NPV for the Banff discovery well's Total Proved reserves, indicating value from this new discovery.

Evidence · text

“The Banff discovery well has yielded TP and TPP values to the Company using a 10% discount rate of $3.5 million and $5.3 million, respectively.”

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

probableBanff discovery wellView all details
Link to this fact

Identity

Project
Banff discovery well
Region
canada_ab
Reported Region
Alberta, Canada
Ticker
TUK

Resource scope

Estimate type
reserve
Effective date
2024-12-31T00:00:00.000Z
Reporting standards
other
QP Signed
Yes
Qualified person names
Deloitte Canada LLP
Resource group id
resource:1ddff3c3fe141fd7b0b7
Resource basis
gross

Resource Data

Category
probable

Prior Estimate

Resource Date
2024-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2025-03-24T00:00:00.000Z

Reasoning: The Banff discovery well has a Total Proved Plus Probable NPV of $5.3 million (10% discount, before tax), significantly contributing to the company's overall value and future potential.

Positive factors

  • Positive NPV for the Banff discovery well's Total Proved Plus Probable reserves, indicating significant value from this new discovery.

Evidence · text

“The Banff discovery well has yielded TP and TPP values to the Company using a 10% discount rate of $3.5 million and $5.3 million, respectively.”

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.