Trans Canada Gold has started equipping and preparing for the completion of its second multilateral well. Production is expected to start by Sept 15th, 2024. Successful Drilling and On-Budget Completion: The well was successfully drilled and completed as planned, targeting oil pay in the GP sands. Trans Canada Gold, is pleased to announce that it has started equipping and preparing for the completion of the Company's [...]
Trans Canada Gold Corp. is pleased to announce that it has successfully drilled and completed all legs of the newly drilled multilateral well, on the Company's heavy oil property. The Company encountered oil in all of the target zones of interest in the GP sands. The well is expected to be placed on full oil production shortly, and once the well has been completed and fully equipped, oil production rates will be released [...]
Trans Canada Gold is pleased to announce that the Alberta Energy Regulator has issued a drilling permit, and Croverro has started building the second multilateral drilling location on the project lands near Lloydminster, Alberta. The company expects drilling to commence shortly. Croverro Energy under the terms of the agreement, will be the Operator. Commented Tim Coupland, "We are excited to be near...
Tenth Month of Steady Oil Production: Production for July 2024, 5,715 bbl at an average daily rate of 184 bbl/d gross since production began in October 2023. Exceeding Production Milestone: The Lloydminster multilateral well surpassed the 60,000-barrel production benchmark, with total production over 62,755 barrels. Expansion of Land Holdings: Acquired a 320-acre parcel within the Area of Mutual Interest , expanding [...]
Trans Canada Gold Corp. is pleased to announce that the Company has now completed its tenth full month of robust steady oil production for the month of July 2024, with trucking and oil sales to Altex and Cenovus Energy Ltd. The Company will release the June numbers in the coming days, once finalized. In October 2023, the Company successfully drilled and completed seven multi-lateral legs of the Company's first [...]
Trans Canada Gold has completed its tenth consecutive month of robust oil production for July 2024, with oil sales to Altex and Cenovus Energy; Successful Multilateral Well Production: Since its inception in October 2023, the Croverro 7HZ Well, featuring seven multilateral legs, has produced over 60,000 barrels of oil. • Upcoming Drilling of Second Multilateral Well: Trans Canada is preparing to drill its second [...]
Highlights: Well, License and Drilling Permit Received: Trans Canada Gold Corp. has received the necessary well license to drill its second multilateral well targeting the General Petroleum Zone near Lloydminster, Alberta. This new well is based on successful similar wells in the GP oil formation. Partnership and Well Details: The well, located on lands controlled by a strategic partnership led by Croverro Energy, with [...]
Trans Canada Gold has acquired a 320-acre parcel of land from Canpar, Freehold Royalties, and Rife Resources. This new acquisition, combined with existing holdings, brings the total controlled lands to 640 acres. The land has oil resource potential in the Sparky and General Petroleum producing zones, with the company's interest in the land at 18.75%. Potential for Additional Wells: The newly acquired land will allow the [...]
Trans Canada Gold Corp. is pleased to announce that the Company has now completed its ninth full month of robust steady oil production for the month of June 2024, with trucking and oil sales to Altex and Cenovus Energy Ltd. The Lloydminster well has shipped 5,435 barrels for the month of June and produced at an average daily rate of 181 bbl/d gross to the Company since being placed on production, representing its 18.75 [...]
Trans Canada Gold Corp. is pleased to announce that the Company has strengthened its land position, and signed an additional lease agreement to complement a recently completed the purchase of two strategic land and lease acquisitions pursuant to an AMI in a Farmout Agreement dated November 1, 2022. The Operator has completed, signed and secured a strategic surface lease and is now permitting its new multilateral well for [...]
Trans Canada Gold Corp. is pleased to announce that the Company has strengthened its land position, and signed an additional lease agreement to complement a recently completed the purchase of two strategic land and lease acquisitions pursuant to an AMI in a Farmout Agreement dated November 1, 2022. The Operator has completed, signed and secured a strategic surface lease and is now permitting its new multilateral well for [...]
Ninth Month of Steady Oil Production: Trans Canada Gold Corp. has successfully completed its ninth consecutive month of steady oil production as of June 2024 Successful Drilling and Production: In October 2023, the Company drilled and completed its first multilateral well, discovering oil throughout the 2675 meters of the Sparky formation. Land Acquisitions and Future Drilling Plans: Trans Canada Gold has strengthened its [...]
+2900,00 %
-97,14 %
