Trans Canada Gold Corp. Ships 5,183 Barrels for the Month of January 2025, From Both of Its Lloydminster Multilateral Heavy Oil Wells
Trans Canada Gold Corp. (TTGXF) reported oil production results for January 2025, with its two Lloydminster wells shipping 5,376 barrels. The wells produced at an average daily rate of 168.5 bbl/d gross (31.5bbl/d net) to the Company, reflecting its 18.75% working interest ownership.
The first multilateral well began production in October 2023, while the second well started in September 2024. Operator Croverro Energy has set a preliminary 2025 budget including one new Multilateral Sparky well planned for summer 2025. The company is monitoring oil prices and potential U.S. tariff impacts.
Croverro is implementing repairs on the newly drilled GP well, which is currently blocked at the intermediate casing. Operations are expected to resume once Alberta's extreme cold weather conditions improve. The company plans to continue its multilateral well drilling strategy through 2025-2026 in Alberta and Saskatchewan.
Trans Canada Gold Corp. (TTGXF) ha riportato i risultati della produzione di petrolio per gennaio 2025, con i suoi due pozzi a Lloydminster che hanno spedito 5.376 barili. I pozzi hanno prodotto a una media di 168,5 bbl/d lordi (31,5 bbl/d netti) per la Società, riflettendo la sua proprietà del 18,75% dell'interesse lavorativo.
Il primo pozzo multilaterale ha iniziato la produzione a ottobre 2023, mentre il secondo pozzo ha iniziato a settembre 2024. L'operatore Croverro Energy ha impostato un budget preliminare per il 2025 che include un nuovo pozzo multilaterale Sparky in programma per l'estate 2025. L'azienda sta monitorando i prezzi del petrolio e i potenziali impatti delle tariffe statunitensi.
Croverro sta attuando riparazioni sul nuovo pozzo GP perforato, attualmente bloccato nella tubazione intermedia. Le operazioni dovrebbero riprendere una volta che le condizioni di freddo estremo in Alberta miglioreranno. L'azienda prevede di continuare la sua strategia di perforazione di pozzi multilaterali fino al 2025-2026 in Alberta e Saskatchewan.
Trans Canada Gold Corp. (TTGXF) informó los resultados de producción de petróleo para enero de 2025, con sus dos pozos en Lloydminster que enviaron 5,376 barriles. Los pozos produjeron a una tasa diaria promedio de 168.5 bbl/d brutos (31.5 bbl/d netos) para la Compañía, reflejando su 18.75% de participación en el trabajo.
El primer pozo multilateral comenzó su producción en octubre de 2023, mientras que el segundo pozo inició en septiembre de 2024. El operador Croverro Energy ha establecido un presupuesto preliminar para 2025 que incluye un nuevo pozo multilateral Sparky planeado para el verano de 2025. La compañía está monitoreando los precios del petróleo y los posibles impactos arancelarios en Estados Unidos.
Croverro está realizando reparaciones en el nuevo pozo GP perforado, que actualmente está bloqueado en el revestimiento intermedio. Se espera que las operaciones se reanuden una vez que mejoren las condiciones climáticas extremas en Alberta. La compañía planea continuar su estrategia de perforación de pozos multilaterales hasta 2025-2026 en Alberta y Saskatchewan.
Trans Canada Gold Corp. (TTGXF)는 2025년 1월의 원유 생산 결과를 보고했으며, Lloydminster에 있는 두 개의 유정에서 5,376배럴을 출하했습니다. 두 유정은 회사에 18.75%의 작업 이익을 반영하여 평균 일일 생산량이 168.5 bbl/d(순 31.5 bbl/d)로 생산되었습니다.
첫 번째 다중측정 유정은 2023년 10월에 생산을 시작했으며, 두 번째 유정은 2024년 9월에 시작되었습니다. 운영자인 Croverro Energy는 2025년 여름에 계획된 새로운 다중측정 Sparky 유정을 포함한 예비 2025년 예산을 설정했습니다. 이 회사는 원유 가격과 미국의 관세 영향 모니터링하고 있습니다.
Croverro는 현재 중간 케이싱에 막혀 있는 새로 드릴된 GP 유정에 대한 수리를 진행하고 있습니다. 알버타의 극심한 한파가 개선되면 작업이 다시 시작될 것으로 예상됩니다. 이 회사는 알버타와 Saskatchewan에서 2025-2026년까지 다중측정 유정 드릴링 전략을 계속 진행할 계획입니다.
Trans Canada Gold Corp. (TTGXF) a rapporté les résultats de la production de pétrole pour janvier 2025, avec ses deux puits à Lloydminster ayant expédié 5 376 barils. Les puits ont produit à un taux moyen journalier de 168,5 bbl/j brut (31,5 bbl/j net) pour la Société, reflétant sa participation de 18,75 % dans l'intérêt de travail.
Le premier puits multilatéral a commencé sa production en octobre 2023, tandis que le deuxième puits a démarré en septembre 2024. L'opérateur Croverro Energy a fixé un budget préliminaire pour 2025 comprenant un nouveau puits multilatéral Sparky prévu pour l'été 2025. L'entreprise surveille les prix du pétrole et les impacts potentiels des droits de douane américains.
Croverro met en œuvre des réparations sur le nouveau puits GP foré, qui est actuellement bloqué à la tubulure intermédiaire. Les opérations devraient reprendre une fois que les conditions météorologiques extrêmes de l'Alberta se seront améliorées. L'entreprise prévoit de continuer sa stratégie de forage de puits multilatéraux jusqu'en 2025-2026 en Alberta et en Saskatchewan.
Trans Canada Gold Corp. (TTGXF) hat die Produktionszahlen für Öl für Januar 2025 veröffentlicht, wobei die beiden Bohrlöcher in Lloydminster insgesamt 5.376 Barrel geliefert haben. Die Bohrlöcher produzierten im Durchschnitt täglich 168,5 bbl/d brutto (31,5 bbl/d netto) für das Unternehmen, was seinem 18,75%-igen Arbeitsinteresse entspricht.
Das erste multilaterale Bohrloch begann im Oktober 2023 mit der Produktion, während das zweite Bohrloch im September 2024 in Betrieb ging. Der Betreiber Croverro Energy hat ein vorläufiges Budget für 2025 festgelegt, das einen neuen multilateralen Sparky-Brunnen vorsieht, der für den Sommer 2025 geplant ist. Das Unternehmen beobachtet die Ölpreise und mögliche Auswirkungen von US-Zöllen.
Croverro führt Reparaturen am neu gebohrten GP-Bohrloch durch, das derzeit an der Zwischenverrohrung blockiert ist. Die Arbeiten sollen fortgesetzt werden, sobald sich die extremen Kältebedingungen in Alberta verbessern. Das Unternehmen plant, seine Strategie für die Bohrung multilateraler Brunnen bis 2025-2026 in Alberta und Saskatchewan fortzusetzen.
- Steady oil production with 5,376 barrels shipped in January 2025
- Plans for new Multilateral Sparky well in summer 2025
- Established production from two wells with 18.75% working interest
- GP well currently blocked and requiring repairs
- Operations affected by extreme cold weather conditions
- Potential impact from proposed new U.S. tariff threat
VANCOUVER, BC / ACCESS Newswire / February 6, 2025 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company"), is pleased to announce that the Company has now completed another month of steady oil production for the month of January 2025, with trucking and oil sales to Altex. The two Lloydminster wells have shipped 5,376 barrels (bbl) for the month of January and produced at an average daily rate of 168.5 bbl/d gross (31.5bbl/d net) to the Company since being placed on production, representing its
Croverro has set a 2025 preliminary budget, which is currently under review by management, with one Multilateral Sparky well forecasted to be drilled for summer 2025. The proposed well is expected to be identical to the original Sparky well drilled by the Company in October 2023. The Company is currently monitoring oil prices, and the newly proposed new U.S. tariff threat, and will react accordingly to any price swings.
Croverro has proactively implemented a range of repair solutions on the newly drilled GP well blocked at the intermediate casing, including multiple Super Flushes on the well. Croverro remains optimistic about resuming operations and restoring production once the Alberta extreme cold weather conditions improve and the repair plan is fully implemented.
Commented Tim Coupland, "We are expecting steady oil production for 2025, and are exploring additional exploration drilling opportunities in both central Canada and the United States and the Company will continue with its newly adopted multilateral well drilling strategy for 2025-2026 using new state of the art multilateral well drilling techniques in Alberta and Saskatchewan, to create growth."
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 ACCESS Newswire
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