Trans Canada Gold Corp Surface and Pad Preparations and Pre-Setting Surface Casings Are Underway, Preparing to Begin Drilling Its Second Multilateral Horizontal Heavy Oil Well Near Lloydminster, Alberta
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) is preparing to drill its second multilateral horizontal heavy oil well near Lloydminster, Alberta. The Alberta Energy Regulator has issued drilling permits, and lease construction is nearing completion. The well's total costs are projected at $2.2 million, with Trans Canada's fully funded share at $412,500. Croverro Energy will operate the project under the partnership agreement.
The new multilateral well is expected to contact over 8000 m of GP oil reservoir. The company holds an 18.75% interest in the partnership led by Croverro. Trans Canada's management expresses excitement about the project, citing high world oil prices and the potential for continued success using new computer modeling and seismic techniques.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) si sta preparando a perforare il suo secondo pozzo orizzontale multilaterale di petrolio pesante vicino a Lloydminster, Alberta. L'Alberta Energy Regulator ha emesso i permessi di perforazione e la costruzione della concessione è quasi completata. Si prevede che i costi totali del pozzo siano di 2,2 milioni di dollari, con la quota completamente finanziata di Trans Canada pari a 412.500 dollari. Croverro Energy gestirà il progetto nell'ambito dell'accordo di partnership.
Si prevede che il nuovo pozzo multilaterale contatti oltre 8000 m di riserva di petrolio GP. L'azienda detiene un interesse del 18,75% nella partnership guidata da Croverro. La direzione di Trans Canada esprime entusiasmo per il progetto, citando l'alto prezzo del petrolio a livello mondiale e il potenziale per un successo continua attraverso l'uso di nuove tecniche di modellazione al computer e sismiche.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) se está preparando para perforar su segundo pozo horizontal multilateral de petróleo pesado cerca de Lloydminster, Alberta. El regulador de energía de Alberta ha emitido permisos de perforación y la construcción del arrendamiento está cerca de completarse. Se proyecta que el costo total del pozo sea de 2.2 millones de dólares, con la parte completamente financiada de Trans Canada en 412,500 dólares. Croverro Energy operará el proyecto bajo el acuerdo de asociación.
Se espera que el nuevo pozo multilateral entre en contacto con más de 8000 m de reservas de petróleo GP. La compañía tiene un interés del 18.75% en la asociación liderada por Croverro. La dirección de Trans Canada expresa entusiasmo por el proyecto, citando los altos precios mundiales del petróleo y el potencial de un éxito continuo mediante el uso de nuevas técnicas de modelado por computadora y sísmicas.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF)가 앨버타주 로이드민스터 근처에 두 번째 다각적 수평 중유 우물을 굴릴 준비를 하고 있습니다. 앨버타 에너지 규제 당국이 굴착 허가를 발급했으며, 임대 건설이 완료 단계에 접어들고 있습니다. 우물의 총 비용은 220만 달러로 예상됩니다, Trans Canada의 완전 자금 지원 몫은 41만 2500달러입니다. Croverro Energy가 파트너십 계약에 따라 프로젝트를 운영할 예정입니다.
새로운 다각적 우물은 8000m 이상의 GP 유전과 접촉할 것으로 예상됩니다. 이 회사는 Croverro가 주도하는 파트너십에서 18.75%의 지분을 보유하고 있습니다. Trans Canada 경영진은 세계 유가 상승과 새로운 컴퓨터 모델링 및 지진 기술을 활용한 지속적인 성공 가능성에 대해 프로젝트에 대한 기대감을 표현하고 있습니다.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) se prépare à forer son deuxième puits horizontal multilatéral de pétrole lourd près de Lloydminster, en Alberta. Le régulateur de l'énergie de l'Alberta a délivré les permis de forage, et la construction du bail est presque achevée. Les coûts totaux du puits sont estimés à 2,2 millions de dollars, avec une part entièrement financée de Trans Canada de 412 500 dollars. Croverro Energy opérera le projet dans le cadre de l'accord de partenariat.
Le nouveau puits multilatéral devrait entrer en contact avec plus de 8000 m de réservoir de pétrole GP. La société détient un intérêt de 18,75% dans le partenariat dirigé par Croverro. La direction de Trans Canada exprime son enthousiasme pour le projet, en citant les hauts prix mondiaux du pétrole et le potentiel de succès continu grâce à l'utilisation de nouvelles techniques de modélisation informatique et sismique.
Trans Canada Gold Corp (TSXV:TTG)(OTCQB:TTGXF) bereitet sich darauf vor, das zweite multilaterale horizontale Schwerölbohrloch nahe Lloydminster, Alberta, zu bohren. Die Alberta Energy Regulator hat Bohrgenehmigungen erteilt, und der Bau des Pachtvertrags nähert sich dem Abschluss. Die Gesamtkosten des Bohrlochs werden auf 2,2 Millionen Dollar geschätzt, wobei der vollständig finanzierte Anteil von Trans Canada 412.500 Dollar beträgt. Croverro Energy wird das Projekt im Rahmen des Partnerschaftsvertrags betreiben.
Der neue multilaterale Bohrloch wird voraussichtlich über 8000 m des GP-Ölvorkommens erreichen. Das Unternehmen hält einen 18,75% Anteil an der von Croverro geführten Partnerschaft. Das Management von Trans Canada zeigt sich begeistert von dem Projekt, verweist auf die hohen Weltmarktpreise für Öl und das Potenzial für anhaltenden Erfolg durch den Einsatz neuer Computer-Modellierung und seismischer Techniken.
- Drilling permits issued by Alberta Energy Regulator
- Second multilateral horizontal heavy oil well preparation underway
- Company's share of $412,500 for the well is fully funded
- New well expected to contact over 8000 m of GP oil reservoir
- Partnership allows for rapid growth amid high oil prices
- None.
Permitting and Timeline: The Alberta Energy Regulator has issued drilling permits, with lease construction nearing completion. Drilling is set to begin.
Operational and Financial Preparedness: The well's total costs are projected at
VANCOUVER, BC / ACCESSWIRE / August 16, 2024 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") is pleased to announce that the Alberta Energy Regulator has issued a drilling permit, and Croverro has started building the second multilateral drilling location on the project lands near Lloydminster, Alberta. The company expects drilling to commence shortly. Croverro Energy under the terms of the agreement, will be the Operator.
Commented Tim Coupland, "We are excited to be nearing completion of our surface and pad preparations and pre-setting surface casings on the project lands, and are excited to be drilling our second multilateral oil well with a reliable and experienced partner, who has consistently targeted and successfully drilled, completed and started production of several wells targeting different oil reservoirs. Croverro has proven to be a very competent operator providing low operating cost and consistent production days. We believe drilling multilateral horizontal wells with good well control and utilizing new computer modelling and seismic techniques will provide continued success. The partnership is allowing the Company to grow rapidly and prosper as world oil prices continue to remain high."
"Our team is fully prepared and excited to advance our second multilateral well near Lloydminster, marking another key step in our strategic growth and production goals," said Director Chris Timmins.
The lands for the well are currently controlled by a partnership led by Croverro with the company holding
Drilling completion and equipping costs are expected to be
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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