TRANS CANADA GOLD CORP - TTGXF STOCK NEWS

Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) has completed its eleventh full month of steady oil production for August 2024, with sales to Altex. The company's first multilateral well, Croverro 7HZ, has produced over 60,000 barrels of oil since inception. Trans Canada has also successfully drilled and completed its second multilateral well in the GP reservoir. The operator, Croverro Energy , is currently recovering drilling fluid. The company has acquired additional lands within the Area of Mutual Interest, expanding opportunities for multilateral wells in both Sparky and GP producing zones. CEO Tim Coupland expressed optimism about future production rates and potential drilling opportunities, citing the newly operational TMX pipeline and forecasted high oil prices.

Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) has successfully drilled and completed its second multilateral well near Lloydminster, Alberta. The company encountered oil in all target zones of the GP sands and expects production to start by September 15th, 2024. The well was completed on budget and as planned. Trans Canada has also acquired additional lands within the Area of Mutual Interest, expanding opportunities for more multilateral wells in both Sparky and GP producing zones. The company is optimistic about capitalizing on current market conditions and oil pricing. Croverro Energy will serve as the operator under the terms of the agreement.

Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) has successfully drilled and completed its second multilateral horizontal heavy oil well near Lloydminster, Alberta. The company encountered oil in all target zones of interest in the GP sands. The well is expected to begin full oil production soon, with production rates to be released after completion and equipment installation.

Trans Canada has received all required drill permits from the Alberta AER Regulator and completed surface drilling operations. The Lloyd well was completed as planned and on budget. The company has also acquired additional lands within the Area of Mutual Interest, providing opportunities for more multilateral wells in both Sparky and GP producing zones.

Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) has announced 50% completion of drilling on its second multilateral well near Lloydminster, Alberta. The company expects to finish drilling by August 30, 2024, with completion operations scheduled for early September. Precision Drilling is leading the efficient drilling operations. The well, operated by Croverro Energy , is planned for 8 lateral legs in the GP sand. Trans Canada holds an 18.75% interest in the partnership-controlled lands. The company has also acquired additional lands within the Area of Mutual Interest, expanding opportunities for multilateral wells in both Sparky and GP producing zones.

Trans Canada Gold Corp (TSXV:TTG, OTCQB:TTGXF) has commenced drilling on its second multilateral well near Lloydminster, Alberta. Key points include:

1. Precision Drilling appointed as Rig Contractor
2. Drilling expected to last approximately 12 days
3. Company holds 18.75% interest in the well
4. Well planned for 11 lateral legs in the GP sand
5. Additional lands acquired within Area of Mutual Interest
6. Potential in both Sparky and GP producing zones

The company's strategy focuses on low decline rates for steady, long-term output, aiming to maximize resource recovery and create value for shareholders. Trans Canada continues to explore additional drilling opportunities in Canada and the United States.

Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) is preparing to drill its second multilateral horizontal heavy oil well near Lloydminster, Alberta. The Alberta Energy Regulator has issued drilling permits, and lease construction is nearing completion. The well's total costs are projected at $2.2 million, with Trans Canada's fully funded share at $412,500. Croverro Energy will operate the project under the partnership agreement.

The new multilateral well is expected to contact over 8000 m of GP oil reservoir. The company holds an 18.75% interest in the partnership led by Croverro. Trans Canada's management expresses excitement about the project, citing high world oil prices and the potential for continued success using new computer modeling and seismic techniques.

Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) has completed its tenth full month of steady oil production in July 2024, shipping 5,715 barrels from its Lloydminster multilateral horizontal heavy oil well. The well has produced at an average daily rate of 184 bbl/d gross (35.0 bbl/d net) since October 2023, surpassing the 60,000-barrel production benchmark with a total of over 62,755 barrels.

The company has expanded its land holdings by acquiring a 320-acre parcel within the Area of Mutual Interest (AMI), allowing for up to four additional multilateral wells in the Sparky and General Petroleum zones. Trans Canada is preparing to drill its second multilateral well in August, targeting the General Petroleum Zone with an expected contact of over 8000 meters of oil reservoir.

Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) has completed its tenth consecutive month of steady oil production in July 2024. The company's first multilateral well, Croverro 7HZ, has produced over 60,000 barrels of oil since October 2023. Trans Canada is now preparing to drill its second multilateral horizontal well, targeting the General Petroleum (GP) Zone with an expected 8,000 meters of oil reservoir contact.

The company has acquired additional lands allowing for up to 4 more multilateral wells. With high oil prices and the new TMX pipeline operational, Trans Canada plans to pursue further drilling opportunities and property acquisitions. The upcoming GP Sand drill program has been de-risked through strategic land acquisitions, well control, and seismic data analysis.

Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) has received a well license to drill its second multilateral well targeting the General Petroleum (GP) Zone near Lloydminster, Alberta. The company holds an 18.75% interest in the well, which is expected to access over 8000 meters of the GP oil reservoir. Lease construction is scheduled for completion by August 10th, 2024, with drilling set to begin mid-August.

Trans Canada has also acquired an additional 320-acre parcel, allowing for the drilling of up to four more multilateral wells. The total cost for drilling and equipping the new well is estimated at $2.2 million, with Trans Canada's share being $412,500, for which the company is fully funded.