Trans Canada Gold Corp Commences Drilling on Its Second Multilateral Well Near Lloydminster, Alberta
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) ha iniziato le perforazioni sul suo secondo pozzo multilaterale vicino a Lloydminster, Alberta. I punti chiave includono:
1. Precision Drilling nominata come appaltatore per il pozzo
2. La perforazione dovrebbe durare circa 12 giorni
3. L'azienda detiene una partecipazione del 18,75% nel pozzo
4. Pozzo pianificato con 11 braccia laterali nella sabbia GP
5. Terreni aggiuntivi acquisiti nell'Area di Interesse Comune
6. Potenziale sia nelle zone produttive di Sparky che di GP
La strategia dell'azienda si concentra su bassissimi tassi di declino per una produzione stabile e a lungo termine, con l'obiettivo di massimizzare il recupero delle risorse e creare valore per gli azionisti. Trans Canada continua a esplorare ulteriori opportunità di perforazione in Canada e negli Stati Uniti.
Trans Canada Gold Corp (TSXV:TTG, OTCQB:TTGXF) ha comenzado a perforar su su segundo pozo multilateral cerca de Lloydminster, Alberta. Los puntos clave incluyen:
1. Precision Drilling designada como contratista de perforación
2. Se espera que la perforación dure aproximadamente 12 días
3. La compañía tiene un interés del 18,75% en el pozo
4. Pozo planeado con 11 brazos laterales en la arena GP
5. Terrenos adicionales adquiridos dentro del Área de Interés Mutuo
6. Potencial en las zonas productivas de Sparky y GP
La estrategia de la empresa se centra en bajos índices de declinación para una producción constante y a largo plazo, buscando maximizar la recuperación de recursos y crear valor para los accionistas. Trans Canada sigue explorando oportunidades adicionales de perforación en Canadá y Estados Unidos.
Trans Canada Gold Corp (TSXV:TTG, OTCQB:TTGXF)가 앨버타의 로이드미니스터 근처에서 두 번째 다중 해상 시추를 시작했습니다. 주요 내용은 다음과 같습니다:
1. Precision Drilling이 시추 계약자로 임명됨
2. 시추 작업은 약 12일 정도 지속될 것으로 예상됨
3. 회사는 해당 우물에 18.75%의 지분을 보유
4. 우물은 GP 모래층에서 11개의 측면 다리로 계획됨
5. 상호 관심 지역 내 추가 토지 취득
6. Sparky 및 GP 생산 지역에서의 잠재력
회사의 전략은 낮은 감소율에 초점을 맞추어 안정적이고 장기적인 생산을 목표로 하며, 자원 회수를 극대화하고 주주 가치를 창출하는 것입니다. Trans Canada는 캐나다와 미국에서 추가적인 시추 기회를 계속 모색하고 있습니다.
Trans Canada Gold Corp (TSXV:TTG, OTCQB:TTGXF) a commencé le forage de son deuxième puits multilatéral près de Lloydminster, Alberta. Les points clés incluent :
1. Precision Drilling désignée comme contractant de forage
2. Le forage devrait durer environ 12 jours
3. La société détient un intérêt de 18,75 % dans le puits
4. Puits prévu avec 11 bras latéraux dans le sable GP
5. Terrains supplémentaires acquis dans la zone d'intérêt mutuel
6. Potentiel dans les zones de production Sparky et GP
La stratégie de l'entreprise se concentre sur des taux de déclin faibles pour une production stable et à long terme, visant à maximiser la récupération des ressources et à créer de la valeur pour les actionnaires. Trans Canada continue d'explorer d'autres opportunités de forage au Canada et aux États-Unis.
Trans Canada Gold Corp (TSXV:TTG, OTCQB:TTGXF) hat mit Bohrungen in seinem zweiten multilateralen Bohrloch in der Nähe von Lloydminster, Alberta, begonnen. Die wichtigsten Punkte sind:
1. Precision Drilling als Bohrunternehmer ernannt
2. Die Bohrarbeiten sollen etwa 12 Tage dauern
3. Das Unternehmen hält 18,75% Anteil an dem Bohrloch
4. Bohrung mit 11 lateralen Abzweigungen im GP-Sand geplant
5. Zusätzliche Ländereien innerhalb des Bereichs des gemeinsamen Interesses erworben
6. Potenzial in den Produktionszonen von Sparky und GP
Die Strategie des Unternehmens konzentriert sich auf niedrige Rückgangsraten für eine stetige, langfristige Produktion, mit dem Ziel, die Ressourcenausbeute zu maximieren und Wert für die Aktionäre zu schaffen. Trans Canada erkundet weiterhin zusätzliche Bohrmöglichkeiten in Kanada und den Vereinigten Staaten.
- Commencement of drilling on second multilateral well
- Appointment of experienced contractor Precision Drilling
- Acquisition of additional lands within Area of Mutual Interest
- Low decline rates in multilateral wells ensuring steady, long-term output
- Exploration of additional drilling opportunities in Canada and the United States
- None.
Appointment of Precision Drilling: Precision Drilling has been appointed as its Rig Contractor, bringing expertise and reliability to the drilling operation. • Second Multilateral Well Spudded: Drilling has commenced on the Company's second multilateral well, with operations expected to last approximately twelve days.
VANCOUVER, BC / ACCESSWIRE / August 21, 2024 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce that the Operator (Croverro Energy) has hired Precision Drilling as the Rig Contractor, and has now spudded, and commenced drilling on the second multilateral and is expected to be drilling for approximately ten days. The lands for the well are currently controlled by a partnership led by Croverro, with the Company holding a
The Company has acquired additional lands inside the Area of Mutual Interest ("AMI"), which will allow additional opportunity for multilateral wells. The lands are contiguous with our existing lands. The newly acquired lands, together combined with our existing lands have the oil resource potential in both the Sparky and GP producing zones.
Commented Tim Coupland, "We now look forward to drilling our second multilateral well which is planned with 11 lateral legs in the GP oil reservoir. With the recent strategic land and lease acquisitions, together with well control and recently obtained and processed seismic data, the upcoming drill program in the GP sand has been de-risked as much as possible."
"Our proven drilling and production strategy continues to deliver strong results, with our multilateral wells showcasing low decline rates that ensure steady, long-term output," commented Director Chris Timmins. "This approach not only maximizes our resource recovery but also provides a stable foundation for sustained growth and value creation for our shareholders."
The Company continues to explore additional exploration drilling opportunities in Canada and the United States.
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 accesswire.com
FAQ
What is the latest development for Trans Canada Gold Corp (TTGXF)?
How long is the drilling expected to last for Trans Canada Gold's (TTGXF) second multilateral well?
What is Trans Canada Gold's (TTGXF) interest in the new multilateral well?
How many lateral legs are planned for Trans Canada Gold's (TTGXF) new multilateral well?
