- Business
- Tuktu Resources Ltd. is an oil and natural gas exploration, development, and production company focused on assets in southwestern Alberta's Deep Basin and Foothills regions of Canada. Founded in 1994 and headquartered in Calgary, Alberta, the company holds a portfolio encompassing 160 net sections of oil-prone acreage across four play types; offers crude oil, natural gas, and natural gas liquids production; explores for copper and base metals including lead, zinc, and silver on properties such as Isintok; and targets consolidation opportunities in conventional resources with over 100 unbooked horizontal well locations. It operates primarily in the energy sector, serving markets through low-decline production and strategic infrastructure assets. In recent developments, the company completed a recapitalization transaction including a new management team, corporate strategy shift to oil focus, name change from Jasper Mining Corporation, acquisition of producing oil assets in southern Alberta, closure of a $1.35 million financing, and announcement of third quarter 2025 results highlighting operations in the Deep Basin.