Trans Canada Gold Corp. Places Second Successfully Drilled Multilateral Heavy Oil Well on Production Near Lloydminster, Alberta
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) has successfully placed its second multilateral heavy oil well on production near Lloydminster, Alberta. The well, drilled in August and September, started production on September 7th and is currently recovering drilling fluid with increased oil recovery percentage. Trans Canada has an 18.75% interest in the well and Area of Mutual Interest (AMI).
The company has also acquired additional lands inside the AMI, providing opportunities for more multilateral wells. These new lands, combined with existing holdings, have oil resource potential in both the Sparky and GP producing zones. Production rates will be released once the well stabilizes.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ha inserito con successo il suo secondo pozzo di petrolio pesante multilateral in produzione vicino a Lloydminster, Alberta. Il pozzo, perforato ad agosto e settembre, ha iniziato la produzione il 7 settembre e sta attualmente recuperando il fluido di perforazione con una percentuale di recupero dell'olio aumentata. Trans Canada detiene un interesse del 18,75% nel pozzo e nell'Area di Interesse Mutuo (AMI).
L'azienda ha anche acquisito terreni aggiuntivi all'interno dell'AMI, offrendo opportunità per ulteriori pozzi multilaterali. Questi nuovi terreni, insieme alle risorse già in possesso, hanno un potenziale di risorse petrolifere sia nelle zone di produzione Sparky che GP. I tassi di produzione saranno rilasciati una volta che il pozzo si stabilizzerà.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ha colocado con éxito su segundo pozo multilateral de petróleo pesado en producción cerca de Lloydminster, Alberta. El pozo, perforado en agosto y septiembre, comenzó su producción el 7 de septiembre y actualmente está recuperando el fluido de perforación con un porcentaje de recuperación de petróleo mayor. Trans Canada tiene un interés del 18,75% en el pozo y en el Área de Interés Mutuo (AMI).
La empresa también ha adquirido tierras adicionales dentro del AMI, proporcionando oportunidades para más pozos multilaterales. Estas nuevas tierras, combinadas con las propiedades existentes, tienen potencial de recursos de petróleo en las zonas de producción Sparky y GP. Las tasas de producción se divulgarán una vez que el pozo se estabilice.
트랜스 캐나다 골드 코프 (TSX-V:TTG)(OTCQB:TTGXF)가 앨버타 주 로이드민스터 근처에서 두 번째 다각적 중유 우물을 성공적으로 생산에 돌입했습니다. 이 우물은 8월과 9월에 시추되었으며, 9월 7일 생산을 시작했고 현재 유체를 회수하면서 유정 회수 비율이 증가하고 있습니다. 트랜스 캐나다는 이 우물 및 상호 관심 지역(AMI)에 대해 18.75%의 지분을 보유하고 있습니다.
회사는 또한 AMI 내에 추가 땅을 매입했습니다, 이는 추가적인 다각적 우물의 기회를 제공합니다. 이 새로운 땅은 기존 보유지와 결합하여 Sparky 및 GP 생산 구역에서 유전 자원 잠재력을 가지고 있습니다. 생산 속도는 우물이 안정화되면 발표될 예정입니다.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) a réussi à mettre en production son deuxième puits multilatéral de pétrole lourd près de Lloydminster, Alberta. Le puits, foré en août et septembre, a commencé sa production le 7 septembre et récupère actuellement des fluides de forage avec un pourcentage de récupération de pétrole accru. Trans Canada détient un intérêt de 18,75% dans le puits et la Zone d'Intérêt Mutuel (AMI).
L'entreprise a également acquis des terrains supplémentaires à l'intérieur de l'AMI, offrant des opportunités pour d'autres puits multilatéraux. Ces nouvelles terres, combinées aux réserves existantes, ont un potentiel de ressources pétrolières dans les zones de production Sparky et GP. Les taux de production seront publiés une fois que le puits se sera stabilisé.
Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) hat erfolgreich sein zweites multilaterales Schwerölbohrloch in Produktion genommen in der Nähe von Lloydminster, Alberta. Das Bohrloch, das im August und September gebohrt wurde, nahm am 7. September die Produktion auf und gewinnt derzeit Bohrflüssigkeit mit einer erhöhten Ölgewinnungsrate zurück. Trans Canada hält ein 18,75% Interesse an dem Bohrloch und dem Gebiet des gemeinsamen Interesses (AMI).
Das Unternehmen hat außerdem zusätzliche Flächen erworben innerhalb des AMI, was Möglichkeiten für weitere multilaterale Bohrlöcher schafft. Diese neuen Flächen, kombiniert mit den bestehenden Beständen, haben das Potenzial für Ölressourcen in den Produktionszonen Sparky und GP. Die Produktionsraten werden veröffentlicht, sobald das Bohrloch sich stabilisiert.
- Successfully drilled and placed second multilateral well on production
- Acquired additional lands with oil resource potential in Sparky and GP zones
- 18.75% interest in the well and Area of Mutual Interest
- None.
VANCOUVER, BC / ACCESSWIRE / September 17, 2024 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce that it has successfully placed the second newly drilled multilateral well on production. The second multilateral well was just successfully drilled in August and September and all legs were successfully drilled in the GP reservoir. The Operator has finished battery construction and successfully completed the well. The well started production on September 7th and is currently recovering drilling fluid with increased oil recovery percentage. The Company encountered oil in the GP reservoir target zones of interest and oil production rates will be released shortly once production has stabilized. The Company has an
Second Multilateral Well Placed on Production: Trans Canada Gold has successfully placed its second drilled multilateral well in the GP reservoir on production as of September 7th, 2024. The well is currently recovering drilling fluid with increasing oil recovery. Oil production rates will be released once the well stabilizes.
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 successfully drilled our second multilateral well, showcasing both drilling and production expertise in both the Sparky and GP reservoir sands in Lloydminster area. We will be releasing the new well's daily production rates shortly once the rates have been established and stabilized. The Croverro Team has again demonstrated proficiency and efficiency of an experienced oil and gas technical team that has consistent, proven oil production success with multi-lateral wells under their supervision and operation."
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 Corp.
View the original press release on accesswire.com
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