Tuktu Resources Ltd (TUK) investor relations material

Executive summary

• Q2 2026 production averaged 393 boe/d (70% natural gas), down 37% year-over-year due to natural declines and shut-ins from low gas prices.

• Oil production fell to 116 bbl/d from 298 bbl/d in Q2 2025, reflecting declines from the light oil discovery well.

• The company is advancing the Monarch oil asset with new seismic data, identifying multiple drilling targets and confirming previous discoveries.

• Signed a non-binding MOU for future Renewable Natural Gas (RNG) delivery and an agreement to sell shut-in gas to a power generator.

• Sold remaining 10% working interest in the Isintok property.

Financial highlights

• Petroleum and natural gas sales for Q2 2026 were $1.45 million, down 41% year-over-year; six-month sales were $2.89 million, down 49%.

• Adjusted funds flow from operations was $99,643 for Q2 2026, up from a loss of $81,126 in Q2 2025.

• Net loss for Q2 2026 was $234,480, compared to a net loss of $71,370 in Q2 2025.

• Adjusted working capital decreased to $126,000 as of June 30, 2026, from $853,000 at year-end 2025.

Outlook and guidance

• Seismic data supports further drilling in the Monarch asset, with advances in technology expected to unlock additional value.

• The company anticipates additional revenue and cost reductions from RNG and shallow gas agreements once finalized.