Trans Canada Gold Corp. Completes Eleventh Full Month of Steady Oil Production for August 2024, Shipping 5,207 Barrels From Lloydminster Multilateral Horizontal Heavy Oil Well and Finishes Drilling Second Multilateral Well
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) has completed its eleventh full month of steady oil production in August 2024, shipping 5,207 barrels from its Lloydminster multilateral horizontal heavy oil well. The well has produced at an average daily rate of 168 bbl/d gross (32.0 bbl/d net) to the Company, representing its 18.75% working interest ownership. Since production began on October 6th, 2023, the well has produced over 67,962 barrels, surpassing the 65,000-barrel production benchmark.
The Company has also successfully drilled its second multilateral well in August 2024, targeting the General Petroleum (GP) reservoir. Additionally, Trans Canada has acquired new lands within the Area of Mutual Interest (AMI), providing opportunities for additional multilateral wells in both the Sparky and GP producing zones.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ha completato il suo undicesimo mese completo di produzione costante di petrolio ad agosto 2024, spedendo 5.207 barili dal suo pozzo orizzontale multilateral pesante a Lloydminster. Il pozzo ha prodotto a una media di 168 bbl/d lordi (32,0 bbl/d netti) per la Società, rappresentando la sua quota di partecipazione del 18,75%. Da quando la produzione è iniziata il 6 ottobre 2023, il pozzo ha prodotto oltre 67.962 barili, superando il benchmark di produzione di 65.000 barili.
La Società ha anche perforato con successo il suo secondo pozzo multilaterale a agosto 2024, mirando al giacimento General Petroleum (GP). Inoltre, Trans Canada ha acquisito nuovi terreni all'interno dell'Area di Interesse Comune (AMI), offrendo opportunità per ulteriori pozzi multilaterali sia nelle zone produttive Sparky che GP.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ha completado su undécimo mes completo de producción constante de petróleo en agosto de 2024, enviando 5,207 barriles desde su pozo horizontal multilateral de petróleo pesado en Lloydminster. El pozo ha producido a una tasa diaria promedio de 168 bbl/d brutos (32.0 bbl/d netos) para la Compañía, representando su participación de propiedad del 18.75%. Desde que comenzó la producción el 6 de octubre de 2023, el pozo ha producido más de 67,962 barriles, superando el punto de referencia de producción de 65,000 barriles.
La Compañía también ha perforado con éxito su segundo pozo multilateral en agosto de 2024, apuntando al reservorio General Petroleum (GP). Además, Trans Canada ha adquirido nuevas tierras dentro del Área de Interés Mutuo (AMI), brindando oportunidades para más pozos multilaterales en las zonas productivas Sparky y GP.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF)는 2024년 8월에 안정적인 석유 생산을 시작한 지 11개월째에 접어들었다고 발표하며 Lloydminster의 다중 수평 중유 우물에서 5,207배럴을 선적했다. 이 우물은 회사에 18.75%의 작업 이익 소유권을 나타내는 하루 평균 168 bbl/d (총 32.0 bbl/d)로 생산되었다. 2023년 10월 6일부터 생산이 시작된 이래, 이 우물은 67,962배럴을 초과 생산하여 65,000배럴 생산 기준을 초과했다.
회사는 2024년 8월에 일반 석유(GP) 저장소를 목표로 하는 두 번째 다중 우물을 성공적으로 드릴링했다. 또한 Trans Canada는 상호 관심 구역(AMI) 내에 새로운 토지를 확보하여 Sparky와 GP 생산 구역 모두에서 추가 다중 우물 기회 제공을 가능하게 했다.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) a complété son onzième mois complet de production stable de pétrole en août 2024, expédiant 5 207 barils de son puits horizontal multilatéral de pétrole lourd à Lloydminster. Le puits a produit à un taux quotidien moyen de 168 bbl/d brut (32,0 bbl/d net) pour la Société, représentant sa participation de 18,75 %. Depuis le début de la production le 6 octobre 2023, le puits a produit plus de 67 962 barils, dépassant la référence de production de 65 000 barils.
La Société a également réussi à forer son deuxième puits multilatéral en août 2024, ciblant le réservoir General Petroleum (GP). De plus, Trans Canada a acquis de nouvelles terres dans la zone d'intérêt mutuel (AMI), offrant des opportunités pour des puits multilatéraux supplémentaires dans les zones de production Sparky et GP.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) hat im August 2024 den elften vollen Monat stabiler Ölproduktion abgeschlossen und 5.207 Barrel von seinem multilateral-horizontalen Schwerölbohrloch in Lloydminster versandt. Der Brunnen hat im Durchschnitt eine tägliche Produktionsrate von 168 bbl/d brutto (32,0 bbl/d netto) für das Unternehmen erzeugt, was einem Anteil von 18,75 % an der Arbeitsinteresse- Eigentümerschaft entspricht. Seit Beginn der Produktion am 6. Oktober 2023 hat der Brunnen über 67.962 Barrel produziert und damit die Produktionsmarke von 65.000 Barrel überschritten.
Das Unternehmen hat auch im August 2024 erfolgreich sein zweites multilaterales Bohrloch abgeteuft, das auf das General Petroleum (GP) Reservoir abzielt. Darüber hinaus hat Trans Canada neue Flächen innerhalb des Area of Mutual Interest (AMI) erworben, was Möglichkeiten für weitere multilaterale Bohrlöcher sowohl in den Produktionszonen Sparky als auch GP bietet.
- Completed 11 months of steady oil production, shipping 5,207 barrels in August 2024
- Surpassed 65,000-barrel production benchmark, with total production exceeding 67,962 barrels
- Successfully drilled second multilateral well targeting the GP reservoir
- Acquired additional lands within AMI, expanding drilling opportunities
- None.
VANCOUVER, BC / ACCESSWIRE / September 23, 2024 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce that the Company has now completed its eleventh (11) full month of robust steady oil production for the month of August 2024, with trucking and oil sales to Altex. The Lloydminster well has shipped 5,207 barrels (bbl) for the month of August and produced at an average daily rate of 168 bbl/d gross (32.0 bbl/d net) to the Company since being placed on production, representing its
Second Multilateral Well Successfully Drilled: Successfully drilled its second multilateral well in August 2024, targeting the General Petroleum (GP) reservoir.
Steady Production Milestone: Reporting eleven months of steady oil production in August 2024, shipping 5,207 barrels from the Lloydminster multilateral well, which has now produced over 67,962 barrels
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 for additional drilling in both the Sparky and GP producing zones.
Commented Tim Coupland, "We have now successfully produced over eleven (11) months of steady oil production and surpassed the 65,000-barrel production benchmark. With the signing of our latest lease completion of the land acquisition and utilizing our technical proficiency and drilling expertise, we successfully drilled our second multilateral well this August, targeting the General Petroleum Zone (GP) reservoir. World oil prices are forecasted to remain high which will allow the Company to actively pursue additional drilling opportunities and new acquisitions."
"The successful drilling of our second multilateral well in the GP reservoir marks an important milestone in our strategy to expand production. This well positions us to increase our output significantly and demonstrates our ability to grow efficiently while maintaining steady production from our first well," commented Director Chris Timmins. " As we bring this new well online, we are excited about the potential to enhance our production growth further and strengthen our presence in the region."
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
View the original press release on accesswire.com
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