Trans Canada Gold Corp. Completes Its Eleventh Full Month of Steady Oil Production for August 2024 and Completes Drilling of Its Second Multilateral Well Targeting the GP Oil Reservoir
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) ha completato il suo undicesimo mese consecutivo di produzione costante di petrolio per agosto 2024, con vendite ad Altex. Il primo pozzo multilaterale dell'azienda, Croverro 7HZ, ha prodotto oltre 60.000 barili di petrolio sin dalla sua apertura. Trans Canada ha inoltre perforato e completato con successo il suo secondo pozzo multilaterale nel giacimento GP. L'operatore, Croverro Energy, sta attualmente recuperando il fluido di perforazione. L'azienda ha acquisito ulteriori terreni all'interno dell'Area di Interesse Comune, ampliando le opportunità per pozzi multilaterali sia nelle zone produttive Sparky che GP. Il CEO Tim Coupland ha espresso ottimismo riguardo ai tassi di produzione futuri e alle potenziali opportunità di perforazione, citando il nuovo oleodotto TMX operativo e le previsioni di alti prezzi del petrolio.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ha completado su undécimo mes completo de producción continua de petróleo para agosto de 2024, con ventas a Altex. El primer pozo multilateral de la compañía, Croverro 7HZ, ha producido más de 60,000 barriles de petróleo desde su inicio. Trans Canada también ha perforado y completado con éxito su segundo pozo multilateral en el reservorio GP. El operador, Croverro Energy, está actualmente recuperando el fluido de perforación. La compañía ha adquirido terrenos adicionales dentro del Área de Interés Mutuo, ampliando las oportunidades para pozos multilaterales en las zonas de producción Sparky y GP. El CEO Tim Coupland expresó optimismo sobre las tasas de producción futuras y las posibles oportunidades de perforación, citando el recién operativo oleoducto TMX y los pronósticos de altos precios del petróleo.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF)는 2024년 8월 지속적인 석유 생산의 열한 번째 전체 달을 완료했으며, Altex에 판매했습니다. 회사의 첫 번째 다각적 우물인 Croverro 7HZ는 개설 이후 60,000배럴 이상의 석유를 생산했습니다. Trans Canada는 GP 저수지에서 두 번째 다각적 우물을 성공적으로 시추하고 완료했습니다. 운영자인 Croverro Energy는 현재 시추 유체를 회수하고 있습니다. 회사는 추가 토지를 확보했습니다 공동 관심 지역 내에서 Sparky 및 GP 생산 지역에서 다각적 우물에 대한 기회를 확장하고 있습니다. CEO Tim Coupland는 새로 운영되는 TMX 파이프라인과 예측된 높은 유가를 언급하며 미래 생산 속도 및 잠재적 시추 기회에 대한 낙관을 나타냈습니다.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) a terminé son onzième mois complet de production continue de pétrole pour août 2024, avec des ventes à Altex. Le premier puits multilateral de l'entreprise, Croverro 7HZ, a produit plus de 60 000 barils de pétrole depuis sa création. Trans Canada a également réussi à forer et à compléter son deuxième puits multilatéral dans le réservoir GP. L'opérateur, Croverro Energy, est actuellement en train de récupérer le fluide de forage. L'entreprise a acquis des terrains supplémentaires dans la zone d'intérêt mutuel, élargissant les opportunités pour les puits multilateraux dans les zones de production Sparky et GP. Le PDG Tim Coupland a exprimé son optimisme quant aux futurs taux de production et aux potentielles opportunités de forage, citant le nouveau pipeline TMX opérationnel et la prévision de prix élevés du pétrole.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) hat seinen elften vollständigen Monat stetiger Ölproduktion für August 2024 abgeschlossen, mit Verkäufen an Altex. Der erste multilaterale Brunnen des Unternehmens, Croverro 7HZ, hat seit seiner Gründung über 60.000 Barrel Öl produziert. Trans Canada hat auch erfolgreich seinen zweiten multilateralen Brunnen im GP-Reservoir gebohrt und abgeschlossen. Der Betreiber, Croverro Energy, hat derzeit die Bohrflüssigkeit zurückgewonnen. Das Unternehmen hat zusätzliche Flächen erworben innerhalb des Gebiets des gemeinsamen Interesses, was die Möglichkeiten für multilaterale Brunnen in den Produktionszonen Sparky und GP erweitert. CEO Tim Coupland äußerte Optimismus hinsichtlich zukünftiger Produktionsraten und potenzieller Bohrmöglichkeiten und verwies auf die neu betriebsbereite TMX-Pipeline und die prognostizierten hohen Ölpreise.
- Completed eleventh consecutive month of steady oil production
- First multilateral well (Croverro 7HZ) has produced over 60,000 barrels of oil
- Successfully drilled and completed second multilateral well in GP reservoir
- Acquired additional lands for potential multilateral well opportunities
- New TMX pipeline operational, potentially supporting higher oil prices
- None.
VANCOUVER, BC / ACCESSWIRE / September 12, 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 full month of robust, steady oil production for the month of August 2024, with trucking and oil sales to Altex. The Company will release the August numbers in the coming days, once finalized. In October 2023, the Company successfully drilled and completed all multilateral legs of the Company's first multilateral well in the Sparky reservoir. Since drilling inception, the Croverro 7HZ Well has now produced over 60,000 barrels of consistent steady oil production.
Eleventh Month of Steady Oil Production: Trans Canada Gold Corp. has completed its eleventh consecutive month of steady oil production for August 2024, with sales to Altex. Since the drilling of its first multilateral well in the Sparky reservoir, the Croverro 7HZ Well has produced over 60,000 barrels of oil.
Successful Drilling of Second Multilateral Well: The Company successfully drilled its second multilateral well in the GP reservoir in August/September. With all legs completed, the operator, Croverro Energy Ltd., is now recovering drilling fluid, marking another significant step in Trans Canada's growth strategy.
The second multilateral well was just successfully drilled in August/ September and all legs were successfully completed in the GP reservoir. The Operator has finished battery construction and successfully completed the newly drilled multilateral well, and is currently recovering drilling fluid. Croverro Energy Ltd. under the terms of the agreement is the Operator.
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 President & CEO Tim Coupland, "We have now hit eleven months of steady oil production and now exceeded over 60,000 barrels, showcasing production expertise in both the Sparky and GP reservoir sands in Lloydminster area. We are excited to be soon releasing our August production rates, once the final oil production numbers have been finalized with Croverro, and confirmed by Altex . With the new TMX pipeline now fully operational, oil prices are forecasted to remain high, which will allow the Company to pursue additional drilling opportunities and new property acquisitions."
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
View the original press release on accesswire.com
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