Trans Canada Gold Corp. Has Successfully Drilled and Encountered Oil in the Target Zone of Interest on Its Second Multilateral Horizontal Heavy Oil Well, Near Lloydminster, Alberta
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) ha completato con successo il suo secondo pozzo orizzontale multilateral di petrolio pesante vicino a Lloydminster, Alberta. L'azienda ha incontrato petrolio in tutte le zone target di interesse nei GP sands. Si prevede che il pozzo inizi presto la piena produzione di petrolio, con i tassi di produzione che saranno comunicati dopo il completamento e l'installazione delle attrezzature.
Trans Canada ha ricevuto tutti i permessi di perforazione necessari dall'Agenzia di regolamentazione AER dell'Alberta e ha completato le operazioni di perforazione superficiale. Il pozzo di Lloyd è stato completato come previsto e nel budget. L'azienda ha inoltre acquisito terreni aggiuntivi all'interno dell'Area di Interesse Comune, offrendo opportunità per ulteriori pozzi multilaterali sia nelle zone di produzione Sparky che GP.
Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ha realizado con éxito su segundo pozo horizontal multilateral de petróleo pesado cerca de Lloydminster, Alberta. La compañía encontró petróleo en todas las zonas objetivo de interés en las arenas GP. Se espera que el pozo comience pronto la producción total de petróleo, y las tasas de producción se anunciarán después de la finalización y la instalación del equipo.
Trans Canada ha recibido todos los permisos de perforación necesarios de la agencia de regulación AER de Alberta y ha completado las operaciones de perforación en superficie. El pozo de Lloyd se completó según lo planeado y dentro del presupuesto. La compañía también ha adquirido terrenos adicionales dentro del Área de Interés Mutuo, lo que ofrece oportunidades para más pozos multilaterales en las zonas de producción de Sparky y GP.
트랜스 캐나다 골드 주식회사 (TSXV:TTG)(OTCQB:TTGXF)가 알버타주 로이드민스터 근처에서 두 번째 다단계 수평 원유 굴착을 성공적으로 완료했습니다. 회사는 GP 모래 내의 관심 대상 지역에서 모든 목표 구역에서 원유를 발견했습니다. 이 굴착은 곧 전체 원유 생산을 시작할 것으로 예상되며, 생산 속도는 완료 및 장비 설치 후 발표될 예정입니다.
트랜스 캐나다는 알버타 AER 규제기관으로부터 필요한 모든 굴착 허가를 받았습니다 그리고 표면 굴착 작업을 완료했습니다. 로이드 굴착은 계획대로 예산 내에서 완료되었습니다. 회사는 또한 추가 토지를 확보했습니다 서로 관심 지역 내에서, 스파키와 GP 생산 구역 모두에서 더 많은 다단계 굴착 기회를 제공합니다.
Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) a réalisé avec succès son deuxième puits horizontal multilatéral de pétrole lourd près de Lloydminster, Alberta. La société a rencontré du pétrole dans toutes les zones cibles d'intérêt des sables GP. On s'attend à ce que le puits commence bientôt la production totale de pétrole, avec des taux de production qui seront publiés après l'achèvement et l'installation de l'équipement.
Trans Canada a reçu tous les permis de forage nécessaires de la régulation AER d'Alberta et a terminé les opérations de forage à la surface. Le puits de Lloyd a été complété comme prévu et dans le budget. L'entreprise a également acquis des terrains supplémentaires dans la zone d'intérêt mutuel, offrant des opportunités pour davantage de puits multilatéraux dans les zones de production Sparky et GP.
Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) hat erfolgreich seinen zweiten multilateral horizontalen Schwereölbohrung in der Nähe von Lloydminster, Alberta, abgeschlossen. Das Unternehmen hat in allen Zielzonen von Interesse im GP Sandöl gefunden. Es wird erwartet, dass der Brunnen bald die volle Ölproduktion aufnehmen wird, wobei die Produktionsraten nach Abschluss und Installation der Ausrüstung veröffentlicht werden.
Trans Canada hat alle erforderlichen Bohrgenehmigungen von der Alberta AER-Behörde erhalten und die Oberflächenbohrungen abgeschlossen. Der Lloyd-Brunnen wurde planmäßig und im Budgetrahmen fertiggestellt. Das Unternehmen hat auch zusätzliche Flächen erworben im Bereich des gemeinsamen Interesses, was Chancen für weitere multilaterale Bohrungen in den Produktionszonen Sparky und GP bietet.
- Successfully drilled and completed second multilateral horizontal heavy oil well
- Encountered oil in all target zones of interest in GP sands
- Received all required drill permits from Alberta AER Regulator
- Completed Lloyd well as planned and on budget
- Acquired additional lands for more drilling opportunities in Sparky and GP producing zones
- None.
VANCOUVER, BC / ACCESSWIRE / September 4, 2024 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce that it has successfully drilled and completed all legs of the newly drilled multilateral well, on the Company's heavy oil property situated near Lloydminster, Alberta. The Company encountered oil in all of the target zones of interest in the GP sands. The well is expected to be placed on full oil production shortly, and once the well has been completed and fully equipped, oil production rates will be released. The Company has received all required drill permits from the Alberta AER Regulator, and has completed all surface drilling operations. The Lloyd well was completed as planned, and on budget targeting oil pay in the GP sands. Croverro Energy Ltd., under the terms of the agreement will be 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 Tim Coupland, "Both weather and drilling conditions were ideal during the month of August, and we are excited to be completing and equipping our second successful multi-leg Multilateral well, and look forward to the additional drilling opportunities that may be available in the immediate area."
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
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