Trans Canada Gold Corp Acquires Additional Lands from Canpar Freehold Royalties and Rife Resources Which Will Allow for Drilling Up to Four Additional New Multilateral Wells Situated Near Lloydminster Alberta
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) has acquired a 320-acre parcel from Canpar, Freehold Royalties, and Rife Resources, expanding its total controlled lands to 640 acres. This acquisition allows for drilling up to four additional multilateral wells targeting the Sparky and General Petroleum (GP) producing zones. The company's interest in the lands is 18.75%.
Croverro Energy, the operator, has processed two additional seismic lines to enhance drilling precision. This strategic move, combined with the upcoming drill program, positions Trans Canada Gold for increased production and revenue growth. The company focuses on developing conventional heavy oil exploration properties and increasing oil production revenues through responsible exploration.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) ha acquisito un appezzamento di 320 acri da Canpar, Freehold Royalties e Rife Resources, espandendo le sue terre controllate a un totale di 640 acri. Questa acquisizione consente di perforare fino a quattro ulteriori pozzi multilaterali mirati alle zone produttive Sparky e General Petroleum (GP). L'interesse della società nelle terre è del 18,75%.
Croverro Energy, l'operatore, ha processato due ulteriori linee sismiche per migliorare la precisione di perforazione. Questa mossa strategica, unita al prossimo programma di perforazione, posiziona Trans Canada Gold per una maggiore produzione e crescita dei ricavi. L'azienda si concentra sullo sviluppo di proprietà di esplorazione di petrolio pesante convenzionale e sull'aumento dei ricavi dalla produzione di petrolio attraverso esplorazioni responsabili.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) ha adquirido una parcela de 320 acres de Canpar, Freehold Royalties y Rife Resources, ampliando sus tierras controladas a un total de 640 acres. Esta adquisición permite perforar hasta cuatro pozos multilaterales adicionales enfocados en las zonas productivas de Sparky y General Petroleum (GP). El interés de la empresa en las tierras es del 18,75%.
Croverro Energy, el operador, ha procesado dos líneas sísmicas adicionales para mejorar la precisión de perforación. Este movimiento estratégico, combinado con el próximo programa de perforación, posiciona a Trans Canada Gold para aumentar la producción y el crecimiento de ingresos. La empresa se concentra en desarrollar propiedades de exploración de petróleo pesado convencionales y en aumentar los ingresos por producción de petróleo a través de exploraciones responsables.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF)는 Canpar, Freehold Royalties 및 Rife Resources로부터 320에이커의 토지를 인수하였습니다, 이를 통해 총 관리 토지를 640에이커로 확대하였습니다. 이번 인수로 인해 Sparky 및 General Petroleum (GP) 생산 지역을 겨냥한 추가적인 4개의 다공간 우물을 드릴링할 수 있게 되었습니다. 회사의 땅에 대한 지분은 18.75%입니다.
운영자인 Croverro Energy는 드릴링 정확성을 높이기 위해 두 개의 추가적인 지진선을 처리하였습니다. 이 전략적 조치는 다가오는 드릴 프로그램과 결합되어 Trans Canada Gold를 생산 증가 및 수익 성장을 위해 유리한 위치에 놓이게 합니다. 회사는 일반적인 중유 탐사 속성을 개발하고 책임 있는 탐사를 통해 석유 생산 수익을 증가시키는 데 집중하고 있습니다.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) a acquis une parcelle de 320 acres de Canpar, Freehold Royalties et Rife Resources, portant son total de terres contrôlées à 640 acres. Cette acquisition permet de forer jusqu'à quatre puits multilateraux supplémentaires visant les zones productives Sparky et General Petroleum (GP). L'intérêt de l'entreprise dans ces terres est de 18,75%.
Croverro Energy, l'opérateur, a traité deux lignes sismiques supplémentaires pour améliorer la précision du forage. Ce mouvement stratégique, combiné avec le prochain programme de forage, positionne Trans Canada Gold pour une augmentation de la production et de la croissance des revenus. L'entreprise se concentre sur le développement de propriétés d'exploration de pétrole lourd conventionnelles et sur l'augmentation des revenus provenant de la production de pétrole grâce à une exploration responsable.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) hat ein 320 Acres großes Grundstück von Canpar, Freehold Royalties und Rife Resources erworben und die kontrollierte Gesamtfläche auf 640 Acres erweitert. Diese Akquisition ermöglicht das Bohren von bis zu vier zusätzlichen multilateralen Bohrlöchern, die auf die produktiven Zonen Sparky und General Petroleum (GP) abzielen. Das Interesse des Unternehmens an den Grundstücken beträgt 18,75%.
Der Betreiber Croverro Energy hat zwei zusätzliche seismische Linien verarbeitet, um die Bohrgenauigkeit zu erhöhen. Diese strategische Maßnahme, zusammen mit dem bevorstehenden Bohrprogramm, positioniert Trans Canada Gold für steigende Produktion und Umsatzwachstum. Das Unternehmen konzentriert sich auf die Entwicklung konventioneller schwerer Öl-Explorationsflächen sowie auf die Erhöhung des Ölproduktionsumsatzes durch verantwortungsvolle Exploration.
- Acquisition of 320 acres expands total controlled lands to 640 acres
- Potential for drilling up to four additional multilateral wells
- 18.75% interest in the newly acquired lands
- Enhanced drilling precision through additional seismic data
- Strategic positioning for increased production and revenue growth
- None.
Acquisition of Additional Lands: Trans Canada Gold Corp. 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 (GP) producing zones, with the company's interest in the land at
18.75% .Potential for Additional Wells: The newly acquired land will allow the drilling of up to four additional multilateral wells. These wells will target the prolific Sparky and GP zones, enhancing the company's potential for increased oil production.
Strategic Partnerships and Seismic Data: The operator, Croverro Energy, has acquired and processed two additional seismic lines. This, combined with existing well control, will enable more precise targeting when drilling horizontal wells. This strategic approach, along with the upcoming drill program, positions Trans Canada Gold for increased production and revenue growth.
VANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company"), is pleased to announce that the Company has acquired additional lands inside the AMI which will allow the drilling of up to 4 additional multilateral wells. The 320-acre parcel offset our existing lands to the north were acquired from Canpar (CN Pension Fund), Freehold Royalties and Rife Resources. The newly acquired lands, together combined with our existing lands have the oil resource potential in both the Sparky and General Petroleum (GP) producing zones. These additional lands bring total lands controlled to 640 acres. The company interest in the lands is
Our operator, Croverro Energy, has acquired and processed 2 additional seismic lines, which combined together with existing well control will allow the more precise targeting, when drilling the horizontal wells in the oil resource reservoirs.
Commented Tim Coupland, "This is exciting news for the Company, which will allow for drilling up to four (4) more additional multilateral wells targeting the prolific Sparky and GP producing zones. We are excited to be drilling our second large multi-lateral oil well shortly, with a reliable and experienced partner, who can consistently target and discover oil reservoirs, followed by successful drilling, oil production, low operational costs and proven revenue success."
"The recent acquisition of a 320-acre parcel from Canpar, Freehold Royalties, and Rife Resources significantly expands our land holdings to 640 acres, strengthening our position in the oil-rich Sparky and General Petroleum (GP) zones," commented Director Chris Timmins. "Our partner and operator, Croverro Energy, has processed additional seismic lines, enabling us to target these oil reservoirs precisely and optimize drilling outcomes. This strategic approach, along with our expanded drilling inventory, underscores our commitment to growth and positions Trans Canada Gold for significant production and revenue increases."
ABOUT TRANS CANADA GOLD CORP. - OIL AND GAS PRODUCTION/REVENUE PRODUCING WELLS
The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company that is currently focused on developing and drilling its' production of conventional heavy oil exploration properties, increasing production capabilities, and increasing future oil production revenues through responsible exploration. The Company identifies, acquires and finances with its working interest partners, the ongoing development of oil and gas assets primarily situated in Alberta Canada. The Company has qualified Senior exploration management and Geological teams of professionals, seasoned in exploration production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil production, and revenue success with large multi-lateral wells currently under their supervision. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration drilling, and maximizing long term petroleum and natural gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
astar@telus.com
www.transcanadagold.com
or
Christian Timmins, Director
Trans Canada Gold Corp.
Tel: (403) 597-3410
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Trans Canada Gold Corp.
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