Trans Canada Gold Corp. and Partnership Group Lead by Croverro Energy, Acquires Additional Land and Lease Rights, Which Will Allow for Drilling Up to Three (3) Additional New Multilateral Wells Situated Near Lloydminster, Alberta
Trans Canada Gold Corp. (TTGXF) has expanded its land holdings through the acquisition of a 320-acre parcel near Lloydminster, Alberta, bringing total controlled lands to 1,040 acres. The company maintains an 18.75% non-promoted interest in the properties.
The acquisition, led by Croverro Partnership Group, enables the drilling of up to three additional multilateral wells targeting the Sparky and General Petroleum (GP) producing zones. Croverro Energy has acquired and processed two additional seismic lines to enhance drilling precision in these zones.
The company is preparing to drill its third large multi-lateral oil well with Croverro Energy, focusing on conventional heavy oil exploration with an emphasis on low operational costs and proven revenue success.
Trans Canada Gold Corp. (TTGXF) ha ampliato le proprie proprietà mediante l'acquisizione di un terreno di 320 acri vicino a Lloydminster, Alberta, portando il totale delle terre controllate a 1.040 acri. L'azienda mantiene un 18.75% di interesse non promosso nelle proprietà.
L'acquisizione, guidata dal Croverro Partnership Group, consente la perforazione di fino a tre pozzi multilaterali aggiuntivi mirati alle zone produttive Sparky e General Petroleum (GP). Croverro Energy ha acquisito e processato due linee sismiche aggiuntive per migliorare la precisione della perforazione in queste aree.
L'azienda si sta preparando a perforare il suo terzo grande pozzo di petrolio multilaterale con Croverro Energy, concentrandosi sull'esplorazione di petrolio pesante convenzionale, con un'attenzione particolare ai bassi costi operativi e al successo dei ricavi provati.
Trans Canada Gold Corp. (TTGXF) ha ampliado sus terrenos mediante la adquisición de una parcela de 320 acres cerca de Lloydminster, Alberta, elevando el total de tierras controladas a 1,040 acres. La empresa mantiene un 18.75% de interés no promovido en las propiedades.
La adquisición, liderada por Croverro Partnership Group, permite la perforación de hasta tres pozos multilaterales adicionales que apuntan a las zonas productivas Sparky y General Petroleum (GP). Croverro Energy ha adquirido y procesado dos líneas sísmicas adicionales para mejorar la precisión de la perforación en estas zonas.
La empresa se está preparando para perforar su tercer gran pozo petrolero multilateral con Croverro Energy, centrándose en la exploración de petróleo pesado convencional, haciendo hincapié en los bajos costos operativos y el éxito comprobado en los ingresos.
Trans Canada Gold Corp. (TTGXF)는 Alberta주 Lloydminster 인근의 320에이커 규모의 토지를 매입하여 보유한 토지 면적을 총 1,040에이커로 확대했습니다. 이 회사는 해당 자산에 대해 18.75% 비확대 지분을 유지하고 있습니다.
Croverro Partnership Group이 이끄는 이번 인수는 Sparky와 General Petroleum (GP) 생산 지역을 목표로 최대 세 개의 추가 다자간 우물을 굴착할 수 있게 합니다. Croverro Energy는 이 지역에서의 굴착 정확성을 높이기 위해 두 개의 추가적인 탄성파 데이터를 확보하고 처리했습니다.
회사는 Croverro Energy와 함께 제3대 대형 다자간 유정을 굴착할 준비를 하고 있으며, 전통적인 중유 탐사에 중점을 두고 낮은 운영 비용과 입증된 수익 성공을 강조하고 있습니다.
Trans Canada Gold Corp. (TTGXF) a élargi ses propriétés foncières grâce à l'acquisition d'un terrain de 320 acres près de Lloydminster, Alberta, portant le total des terres contrôlées à 1 040 acres. L'entreprise détient un 18,75 % d'intérêt non promu dans ces propriétés.
L'acquisition, menée par le Croverro Partnership Group, permet le forage de jusqu'à trois puits multilateraux supplémentaires ciblant les zones de production Sparky et General Petroleum (GP). Croverro Energy a acquis et traité deux lignes sismiques supplémentaires pour améliorer la précision du forage dans ces zones.
La société se prépare à forer son troisième grand puits de pétrole multilatéral avec Croverro Energy, en se concentrant sur l'exploration de pétrole lourd conventionnel, en mettant l'accent sur les faibles coûts opérationnels et le succès de revenus éprouvés.
Trans Canada Gold Corp. (TTGXF) hat durch den Erwerb eines 320 Acres großen Grundstücks in der Nähe von Lloydminster, Alberta, seinen Grundbesitz erweitert und die insgesamt kontrollierten Flächen auf 1.040 Acres erhöht. Das Unternehmen hält ein 18,75% nicht gefördertes Interesse an dem Eigentum.
Die Akquisition, die von der Croverro Partnership Group geleitet wird, ermöglicht die Bohrung von bis zu drei zusätzlichen multilateralen Bohrlöchern, die auf die produzierenden Zonen Sparky und General Petroleum (GP) abzielen. Croverro Energy hat zusätzlich zwei seismische Linien erworben und verarbeitet, um die Bohrgenauigkeit in diesen Zonen zu erhöhen.
Das Unternehmen bereitet sich darauf vor, mit Croverro Energy sein drittes großes multilaterales Ölfeld zu bohren, wobei der Fokus auf der konventionellen Erschließung von schwerem Öl liegt und Wert auf niedrige Betriebskosten und nachweislichen Einnahmen gelegt wird.
- Expansion of land holdings by 320 acres, reaching total of 1,040 acres
- Potential for three additional multilateral wells in proven oil-producing zones
- Enhanced drilling precision through new seismic data acquisition
- 18.75% working interest maintained without promotion costs
- Minority interest position (18.75%) limits revenue potential
- Capital requirements for well development not disclosed
VANCOUVER, BC / ACCESS Newswire / February 10, 2025 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce that the Company has acquired additional lands inside the AMI, lead by Croverro Partnership Group, which will allow the drilling of up to three (3) additional multilateral wells targeting the Sparky and GP Zones. The 320-acre parcel offset our existing lands to the south were acquired by the Croverro Energy Group. The newly acquired lands, 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 1040 acres. The company's 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 in the Sparky Zone and GP, when drilling the horizontal wells in the oil resource reservoirs.
Commented Tim Coupland, "This will allow for drilling up to three (3) more additional multilateral wells targeting the prolific Sparky and GP producing zones. We will be drilling our third 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."
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.
Contact Information
Chris Timmins
Director
ctimmins29@gmail.com
403-597-3410
Tim Coupland
CEO
astar@telus.com
604-681-3131
SOURCE: Trans Canada Gold Corp.
View the original press release on ACCESS Newswire
FAQ
How many additional acres did Trans Canada Gold (TTGXF) acquire in the Lloydminster area?
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How many new multilateral wells can be drilled on TTGXF's newly acquired land?
What zones is TTGXF targeting for oil production in the Lloydminster area?
What technical improvements has Croverro Energy implemented for TTGXF's drilling program?
