Trans Canada Gold Corp. is pleased to announce that the Company has now completed its tenth full month of robust steady oil production for the month of July 2024, with trucking and oil sales to Altex and Cenovus Energy Ltd. The Company will release the June numbers in the coming days, once finalized. In October 2023, the Company successfully [...]
Trans Canada Gold has completed its tenth consecutive month of robust oil production for July 2024, with oil sales to Altex and Cenovus Energy; Successful Multilateral Well Production: Since its inception in October 2023, the Croverro 7HZ Well, featuring seven multilateral legs, has produced over 60,000 barrels of oil. • Upcoming Drilling of [...]
Highlights: Well, License and Drilling Permit Received: Trans Canada Gold Corp. has received the necessary well license to drill its second multilateral well targeting the General Petroleum Zone near Lloydminster, Alberta. This new well is based on successful similar wells in the GP oil formation. Partnership and Well Details: The well, located on [...]
Trans Canada Gold has acquired a 320-acre parcel of land from Canpar, Freehold Royalties, and Rife Resources. This new acquisition, combined with existing holdings, brings the total controlled lands to 640 acres. The land has oil resource potential in the Sparky and General Petroleum producing zones, with the company's interest in the land at [...]
Trans Canada Gold Corp. is pleased to announce that the Company has now completed its ninth full month of robust steady oil production for the month of June 2024, with trucking and oil sales to Altex and Cenovus Energy Ltd. The Lloydminster well has shipped 5,435 barrels for the month of June and produced at an average daily rate of 181 bbl/d gross [...]
Trans Canada Gold Corp. is pleased to announce that the Company has strengthened its land position, and signed an additional lease agreement to complement a recently completed the purchase of two strategic land and lease acquisitions pursuant to an AMI in a Farmout Agreement dated November 1, 2022. The Operator has completed, signed and secured a [...]
Trans Canada Gold Corp. is pleased to announce that the Company has strengthened its land position, and signed an additional lease agreement to complement a recently completed the purchase of two strategic land and lease acquisitions pursuant to an AMI in a Farmout Agreement dated November 1, 2022. The Operator has completed, signed and secured a [...]
Ninth Month of Steady Oil Production: Trans Canada Gold Corp. has successfully completed its ninth consecutive month of steady oil production as of June 2024 Successful Drilling and Production: In October 2023, the Company drilled and completed its first multilateral well, discovering oil throughout the 2675 meters of the Sparky formation. Land [...]
Trans Canada Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement financing of 6,980,000 units at a price of $0.05 per Unit to raise gross proceeds of $349,000 . Each Unit consists of one common share and one common share purchase warrant , each Warrant entitles the holder to purchase one [...]
Trans Canada Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement financing of 6,980,000 units at a price of $0.05 per Unit to raise gross proceeds of $349,000 . Each Unit consists of one common share and one common share purchase warrant , each Warrant entitles the holder to purchase one [...]
Lloydminster Well Performance: Shipped 6,203 barrels of oil for the month of May. Average daily production rate: 185 bbl/d gross to the Company. Represents an 18.75% working interest ownership. Production Milestone: Production shipping and sales commenced on October 6th, 2023. The 7HZ well has produced over 51,439 bbl of oil. Exceeded the [...]
Preparation for Second Multilateral Well: The Company is preparing to drill its second multilateral well in mid-July. This follows the successful drilling and completion of the first seven-leg multilateral well, the Croverro 7HZ Well, in October 2023. Successful First Well: The Croverro 7HZ Well encountered oil throughout the entire 2,675 meters of [...]
