Core Viewpoint - Tuktu Resources Ltd. has announced its 2026 corporate strategy focused on the Monarch oil play, aiming to enhance well targeting, reduce costs, and evaluate divestment of non-core assets to strengthen its balance sheet and drive shareholder value [1][2]. Corporate Strategy - The company will concentrate on the Monarch oil play, utilizing data and insights to de-risk the Banff and Big Valley plays, thereby increasing shareholder value [2]. - The strategy includes improving well accuracy, lowering operating costs, and unlocking additional production from existing wells [2]. - Key initiatives involve acquiring 3D seismic data, conducting core rock studies, identifying workover candidates, and evaluating non-core asset divestments [5][11]. Operations Update - The discovery well at 4-20-010-24W4 is producing approximately 78 bbl/d and has yielded over 107,000 bbl since production began [4]. - Average production has been stabilized at approximately 490 boe/d, with a composition of 60% natural gas and 40% crude oil [5]. - The offset horizontal well at 16-20-010-24W4 is currently shut-in due to performance issues, indicating that further work is needed to de-risk the play before additional capital is spent [4][11]. Technical Insights - The geoscience review indicates that the key pay zone was missed in the horizontal well, necessitating further work to understand the stratigraphic control of the oil accumulation [7]. - The company is utilizing 2D seismic data to identify traps and map the clastic reservoir, with plans to enhance this with 3D seismic data [7][11]. - The technical team has identified that the recent horizontal well did not perform as expected, with issues related to drilling design and completion operations [10].