Trans Canada Gold Corp. Reports March 2025 Oil Shipment Results

Trans Canada Gold Corp. announced its oil production results for March 2025, shipping a total of 4,558 barrels from its Lloydminster wells. The average daily production was 147 barrels per day gross, with a net production of 28 barrels per day. Despite limited railcar access resulting in seven lost shipping days, production has remained steady. The company holds an 18.75% working interest in these wells operated by Croverro Energy Ltd.

Trans Canada is set to participate in drilling a new multi-lateral well with Croverro as the operator. This well, 5-23, will be located near an existing successful well and is expected to enhance oil production capacities further. Drilling costs are projected at $1.9 million, funded by production cash flow.

Future exploration and drilling endeavors are planned in central Canada and the U.S., employing advanced multilateral well drilling techniques. The company aims to expand its oil production and exploration activities through strategic developments.