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Tuktu Resources Completes Initial Horizontal Drilling Amidst Delays

Story Highlights
  • Tuktu Resources completed its first horizontal well drilling operation in February 2025.
  • The fracture stimulation program is delayed due to crew availability and potential road bans.
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Tuktu Resources Completes Initial Horizontal Drilling Amidst Delays

Jasper Mining ( (TSE:TUK) ) just unveiled an update.

Tuktu Resources Ltd. announced the completion of its first horizontal well drilling operation, which began on February 2 and concluded on February 21, 2025. Despite the successful drilling, the scheduled fracture stimulation has been delayed due to crew availability and potential road bans, which could impact the timing of the program and the company’s operations.

More about Jasper Mining

Tuktu Resources Ltd. is a publicly traded junior oil and gas development company headquartered in Calgary, Alberta. The company focuses on producing oil and gas properties in southern Alberta.

YTD Price Performance: 45.00%

Average Trading Volume: 837,420

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$38.08M

Learn more about TUK stock on TipRanks’ Stock Analysis page.

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