Tuktu appoints Hodder as president, CEO

Executive Summary

• Tuktu Resources Ltd. has appointed Jeremy Hodder as its new President and Chief Executive Officer, effective immediately, following a comprehensive board search.
• Kathleen Dixon steps down from her role as interim President and CEO to continue serving as Board Chair.
• The new leadership will focus on strengthening core oil-producing operations, investing capital to derisk drilling opportunities at Monarch Banff and Big Valley, and fostering cost control.

Key Details

• New CEO: Jeremy Hodder, PTech (eng), PMP, MBA, assumes the role of President and Chief Executive Officer.
• Previous Leadership: Kathleen Dixon served as interim President and CEO; she now continues as Board Chair.
• CEO Background: Mr. Hodder previously held senior roles at Capillary Resources Corp. (President & CEO), ARC Financial Corp. (Executive Consultant), Primavera Resources Corp. (VP, Operations), and Petronas Canada (Director of Construction, Drilling and Completions).
• Strategic Focus: Under Mr. Hodder, the company will focus on:
  • Strengthening core oil-producing operations.
  • Investing capital to derisk Monarch Banff and Big Valley drilling opportunities.
  • Fostering a culture of cost control and shareholder value creation.
• Operational Context: During Ms. Dixon's tenure, the company recruited engineering talent and commenced field optimization operations at Monarch on the Banff.
• Timeline: The company aims to build momentum through the final months of 2025.

Notable Quotes

• Kathleen Dixon, Chair of the Board: "After careful consideration and a comprehensive search process, we are thrilled to welcome Jeremy Hodder as our new president and CEO... His extensive expertise and visionary leadership, combined with the new operations and exploitation engineering team, will be invaluable as we continue to expand our presence in Southern Alberta oil pools and deliver value to our stakeholders."
• Jeremy Hodder, President & CEO: "Tuktu has a strong asset base and looks to build momentum through the final months of 2025 as we move into the new year... I look forward to continuing this important work and leading the company into its next phase of operations, with a view towards providing increased value to Tuktu shareholders."