Trans Canada Gold Corp. Releases 2024 Reserves Report for 13-14 7HZ Lloyd Well and 15-14 Lloyd Well, Prepared by Petrotech and Associates, Highlighting Reserves and Revenue From Multilateral Oil Well Program
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) has released its 2024 Independent Reserves report for two Lloyd wells, prepared by Petrotech & Associates. The report shows Total Proved plus Probable reserves of 579.4 Mbbl (gross), with a Net Present Value at 10% discount of $3,895.1 million. The evaluation was conducted using Sproule's June 30, 2024 price forecast for heavy crude oil.
The company has an 18.75% working interest opportunity to participate in drilling 2-3 additional multilateral wells in 2025 with Croverro. The completion of the Trans Mountain Pipeline expansion is expected to eliminate transportation bottlenecks that have historically Western Canada's oil industry growth.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) ha pubblicato il rapporto indipendente sulle riserve 2024 per due pozzi Lloyd, preparato da Petrotech & Associates. Il rapporto mostra riserve Totali Prove più Probabili di 579,4 Mbbl (greggio), con un Valore Attuale Netto al 10% di sconto di 3.895,1 milioni di dollari. La valutazione è stata condotta utilizzando la previsione dei prezzi di Sproule del 30 giugno 2024 per il petrolio greggio pesante.
L'azienda ha un'opportunità di partecipare con un interesse lavorativo del 18,75% alla perforazione di 2-3 pozzi multilaterali aggiuntivi nel 2025 con Croverro. Il completamento dell'espansione del Trans Mountain Pipeline dovrebbe eliminare i colli di bottiglia nel trasporto che storicamente hanno ostacolato la crescita dell'industria petrolifera dell'Ovest canadese.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) ha publicado su informe independiente de reservas 2024 para dos pozos Lloyd, elaborado por Petrotech & Associates. El informe muestra reservas Totales Comprobadas más Probables de 579,4 Mbbl (bruto), con un Valor Presente Neto al 10% de descuento de 3.895,1 millones de dólares. La evaluación se realizó utilizando la previsión de precios de Sproule para el petróleo crudo pesado del 30 de junio de 2024.
La empresa tiene una oportunidad de participación del 18,75% para perforar de 2 a 3 pozos multilaterales adicionales en 2025 con Croverro. Se espera que la finalización de la expansión del oleoducto de Trans Mountain elimine los cuellos de botella en el transporte que históricamente han afectado el crecimiento de la industria petrolera en el oeste de Canadá.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF)은 Petrotech & Associates에서 준비한 두 개의 Lloyd 유정에 대한 2024년 독립 예비 보고서를 발표했습니다. 이 보고서는 총 입증 및 가능한 매장량이 579.4 Mbbl(원유)이며, 10% 할인율 기준으로 현재 가치가 38억 9,510만 달러에 달한다고 보여줍니다. 평가는 2024년 6월 30일 기준 Sproule의 중유 가격 예측을 사용하여 수행되었습니다.
회사는 2025년에 Croverro와 함께 2~3개의 추가 다가구 유정을 시추할 수 있는 18.75%의 지분 기회를 갖고 있습니다. Trans Mountain 파이프라인 확장이 완료되면 역사적으로 서부 캐나다의 석유 산업 성장에 장애가 되었던 운송 병목현상이 제거될 것으로 예상됩니다.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) a publié son rapport indépendant sur les réserves 2024 pour deux puits Lloyd, préparé par Petrotech & Associates. Le rapport indique des réserves prouvées plus probables de 579,4 Mbbl (brut), avec une valeur actuelle nette à 10 % de réduction s'élevant à 3 895,1 millions de dollars. L'évaluation a été réalisée en utilisant la prévision de prix de Sproule au 30 juin 2024 pour le pétrole brut lourd.
L'entreprise a une opportunité de participation de 18,75 % pour forer 2 à 3 puits multilatéraux supplémentaires en 2025 avec Croverro. L'achèvement de l'expansion du pipeline Trans Mountain devrait éliminer les goulets d'étranglement du transport qui ont historiquement entravé la croissance de l'industrie pétrolière dans l'ouest du Canada.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) hat seinen unabhängigen Reservenbericht 2024 für zwei Lloyd-Brunnen veröffentlicht, der von Petrotech & Associates erstellt wurde. Der Bericht zeigt insgesamt nachgewiesene und wahrscheinliche Reserven von 579,4 Mbbl (brutto), mit einem Nettobarwert bei einem Rabatt von 10% von 3.895,1 Millionen Dollar. Die Bewertung wurde mithilfe der Preisprognose von Sproule für schweres Rohöl vom 30. Juni 2024 durchgeführt.
Das Unternehmen hat eine 18,75%ige Beteiligungsmöglichkeit an der Bohrung von 2-3 weiteren multilateralen Brunnen im Jahr 2025 mit Croverro. Der Abschluss der Ausweitung des Trans Mountain Pipeline wird voraussichtlich Transportengpässe beseitigen, die historisch das Wachstum der Ölindustrie in Westkanada behindert haben.
- Total Proved plus Probable reserves of 579.4 Mbbl gross (108.6 Mbbl Company Gross)
- Strong NPV valuations: $5,607.6MM at 0%, $3,895.1MM at 10%, and $2,924.2MM at 20% discount rates
- Opportunity to participate in 2-3 additional multilateral wells in 2025
- Infrastructure improvement with Trans Mountain Pipeline expansion reducing transportation bottlenecks
- None.
VANCOUVER, BC / ACCESSWIRE / November 13, 2024 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company"), is pleased to release the Company's 2024 Independent Reserves report on its two newly drilled and producing 13-14-049-01W4 well and the undeveloped well location 15-14-049-01W4 (the "Wells") from its reserves evaluator. The preliminary report was completed by Petrotech & Associates, an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook (COGE Handbook) and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101). The reserves evaluation was conducted using the Sproule June 30, 2024 price forecast for heavy crude oil (12 °API) at www.sproule.com, adjusted for location and quality.
The disclosures contained in this reserves report represent information compiled, related to the Company's reserves, future net revenue, and discounted value of future net revenue, and discounted value of future net cash flows as of June 30, 2024.
NI 51-101 CRUDE OIL RESERVES REPORT ON THE 13-14 and 15-14 LLOYDMINSTER MULTILATERAL WELLS
Heavy Crude Oil Reserves (@ June 30, 2024) | Heavy Crude Oil Mbbl | Company Gross(1) Heavy Crude Oil Mbbl | Company Net(2) Heavy Crude Oil Mbbl | MM$ | MM$ | MM$ |
Proved Developed Producing | 306.5 | 57.5 | 52.5 | 3,107.1 | 2,249.1 | 1,753.4 |
Total Proved | 504.6 | 94.6 | 87.8 | 4,879.8 | 3,497.3 | 2,675.3 |
Probable | 74.8 | 14.0 | 11.6 | 729.9 | 397.7 | 248.9 |
Total Proved plus Probable | 579.4 | 108.6 | 99.4 | 5,607.6 | 3,895.1 | 2,924.2 |
(1) "Gross Reserves" are the Company's working interest reserves before the deduction of royalties
(2) "Net Reserves" are the Company's working interest reserves after deductions of royalty obligations, plus the Company's royalty interests.
Commented Tim Coupland, "The June 30, 2024 year end NI 51-101 Reserve report is indicating a very long life, for our two- revenue producing multilateral wells drilled this year. These wells, drilled under our newly adopted Multi-lateral well drilling strategy, are providing new revenues for the Company, and providing much needed additional capital, to deploy future drilling opportunities and land acquisitions in 2025. Our production increases combined with recent land and lease acquisitions, and multilateral drilling success, strengthen our newly adopted strategic business model, drilling and developing multilateral wells. The Company currently have a potential
The Company continues to explore additional exploration drilling opportunities in Canada and the United States, and abroad.
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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