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Jasper Mining ( (TSE:TUK) ) has shared an announcement.
Tuktu Resources Ltd. has announced an initial capital budget of $6.85 million for the first half of 2025, which will be allocated to drilling, completing, and equipping a horizontal well, as well as land acquisitions and production optimization projects. The company plans to evaluate the outcomes from these operations and may consider an additional capital program for the latter half of the year, a move that could influence its operational efficiency and market position in the junior oil and gas sector.
More about Jasper Mining
Tuktu Resources Ltd. is a publicly traded junior oil and gas development company based in Calgary, Alberta. The company focuses on producing oil and gas properties in southern Alberta.
YTD Price Performance: 42.11%
Average Trading Volume: 604,239
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$35.07M
For an in-depth examination of TUK stock, go to TipRanks’ Stock Analysis page.