Tuktu Resources Sees 37% Decline in Q2 Production Volumes
Tuktu Resources Ltd., a company listed on the TSX Venture Exchange under the ticker TUK, has released its financial and operating results for the second quarter of 2026.
The company's average production volumes decreased by 37% to 393 barrels of oil equivalent per day (boe/d) in Q2 2026 compared to 622 boe/d in Q2 2025. The decrease was primarily due to natural production declines from the Company's light oil discovery well, which produced an average of 116 bbl/d during the quarter.
The company's low decline natural gas assets contributed 1,662 million cubic feet per day (mcf/d) compared to 1,943 mcf/d in Q2 2025. The decrease was attributed to natural production declines and production being shut-in due to low natural gas prices.
Tuktu's royalties decreased to $6.57/boe from $11.95/boe in 2025, while operating expenses increased to $23.00/boe from $20.79/boe in 2025.