Tuktu Resources Ltd. Reports Promising Reserves

Jasper Mining Corporation (TSE:TUK) has released an update.

Tuktu Resources Ltd. has disclosed its 2023 year-end oil and gas reserves evaluation, revealing a total proved plus probable reserve of 1,615.9 Mboe, with a net present value of future net revenue before taxes estimated at $9.53 billion discounted at 10%. The report, prepared by Deloitte Canada LLP, asserts a positive outlook for the company’s reserves, with no imminent future development costs anticipated for its proved developed producing reserves.

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