Tundra Oil and Exploration Take Great Confidence in the Upturn in Crude Prices

WINNIPEG, Manitoba - July 15, 2018 - PRLog -- Only today it was announced in the worlds press that the price of oil has rebounded over International Energy Agency fears of supply problems. The price of oil rebounded this morning amid fresh warnings of tightening supplies, a day after suffering its biggest one-day drop since 2016 on trade concerns.

Brent crude, the global oil benchmark, was 2 per cent higher at $74.87 per barrel in morning trading, having slumped almost 7 per cent on Wednesday on fears that rising US-China tensions could hit demand.

The International Energy Agency (IEA) said that the world's spare capacity to produce oil, which normally serves to cushion supply disruptions, could be stretched to the limit as big producers increased their output. We could not have expected better news even if we had wished for it. This is testament to the guys from the multi-tier banking team and there diligent planning and research that has gone into this momentous task.

To add fuel to this very positive fire Crude oil could climb past $100/bbl by 2020, Core Labs CEO said in a recent statement.  Crude oil prices could skyrocket to as high as $100/bbl by 2020 if the world's growing demand for oil is not met, Core Laboratories (CLB -2.9%) President and CEO David Demshur told CNBC on 11^th June.

Global demand for crude has climbed by ~1% each year over the past 23 years, but demand has grown by 1.5% each year in the last three years, Demshur said, a sign that low production in oil-rich countries such as Mexico and Venezuela is drilling holes in the world's crude supply chains.

"We're also seeing sharp declines in West Africa," Demshur stated. "So as we look around the globe... where is that supply going to come from? We're going to have some supply come from the U.S., but if we look around the globe, it's going to be very limited. I see higher crude prices in the future for sure."

These are just two of a plethora of headlines which is a great indication of not just the market place in which we operate but where our sector is set to be in the near to mid future.  We are more than aware of the negative impact that actual and forecast price of oil could have on the financial outcome of next month's events. We are pleased for once that circumstance and timing are standing hand-in-hand to our favour and not to the detriment of future of this new stage in the lifecycle of the company.

Moving forward the run up to the listing is going seamlessly and the Team at this end our counting the days to the big event which will be a culmination of over 2 years of hard work, blood, sweat and tears. With this in mind we have decided to make the unprecedented move of releasing last year's accounts to those that are involved as a gesture of goodwill and a sign of the level of confidence we have in successfully becoming a publicly traded company. These are available by email on request and are also hosted on our website.

http://www.tundraoe.com

We have also drawn great confidence a number of enquires that our corporate division have received from some of the world largest banks and financial institutions. The management team at Tundra Oil and Exploration are over the moon with the calibre of companies that have taken a real interest in who we are, what we do and where we are heading over the coming months.

On another note our presence in Asia in gathering momentum with the foot traffic through our Hong Kong office (Tundra Trading) never being at such high levels. This office was founded after the completion of our recent take over which was finalised in April this year. The team have been pleasantly surprised by the volume and calibre of people that we have had through the door expressing a genuine interest in our up and coming listings.

Myself and the team here would like to take this opportunity to thank all those that have been involved with this life changing event and we are looking forward to the big things that are coming for both the company and those that have had the foresight and confidence to invest in the company, who we are and what we do. We are relishing the opportunities that this will bring to us as a company and the rewards that will be reflected to those that kept the faith by means of financial gain.