on Trans Canada Gold Corp. (isin : CA8931291063)
Trans Canada Gold Corp. Marks One Year of Steady Oil Production
VANCOUVER, BC / ACCESSWIRE / October 1, 2024 / Trans Canada Gold Corp. has completed twelve months of robust oil production as of September 2024. Trucking and oil sales to Altex have been ongoing, with September production numbers set to be released soon.
In October 2023, Trans Canada drilled its first multilateral well in the Sparky reservoir. The Croverro 7HZ Well has produced over 67,000 barrels of oil since its inception. The second multilateral well was successfully drilled in September 2024, with cleanup operations in progress. Production numbers will be reported once stabilized.
Trans Canada holds an 18.75% interest in the well and Area of Mutual Interest, with Croverro Energy Ltd. operating the site. CEO Tim Coupland highlighted the milestone of steady production and the expertise in using advanced drilling techniques.
The company plans to drill additional wells in 2025, aiming to increase future oil production revenues through responsible exploration.
R. P.
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