Business
Trans Canada Gold Corp. Completes its Tenth Full Month of Steady Oil Production for the Month of July 2024, and Prepares for Drilling its Second Multilateral Well and Targeting 8000 Meters of GP Oil Reservoir
(TheNewswire) August 9 th , 2024 – VANCOUVER, B.C. – Trans Canada...
About this update from Trans Canada Gold Corp
[{"type":"text","content":"Trans Canada Gold Corp. Completes its Tenth Full Month of Steady Oil Production for the Month of July 2024, and Prepares for Drilling its Second Multilateral Well and Targeting 8000 Meters of GP Oil Reservoir\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n August 9\n \n\n th\n \n\n , 2024 –\n \n\n VANCOUVER, B.C. – Trans Canada Gold Corp.\n \n\n (TSX-V: TTG,\nOTCQB-TTGXF)\n \n\n (“\n \n\n Trans Canada\n \n\n ” or\nthe “\n \n\n Company\n \n\n ”)\n \n\n ,\n \n\n is pleased\nto announce that the Company has now completed its tenth full month of\nrobust steady oil production for the month of July 2024, with trucking\nand oil sales to Altex and Cenovus Energy Ltd.  The Company will\nrelease the June numbers in the coming days, once finalized.  In\nOctober 2023, the Company successfully drilled and completed seven (7)\nmulti-lateral legs of the Company’s first multilateral well.  The\nCompany encountered oil throughout the entire 2675 meters of lateral\noil pay in the Sparky formation.  Since drilling inception, the\nCroverro 7HZ Well has now produced over 60,000 barrels of consistent\nsteady oil production.  Croverro Energy Ltd. under the terms of the\nagreement is the Operator.\n \n\n\n\n The lands for the well are currently controlled by a\npartnership lead by Croverro with the company holding 18.75% interest.\n  This second multi-lateral horizontal well is based on similar wells\ndrilled in the GP oil formation using surrounding well control\ncombined with recently processed seismic lines.  The new multilateral\nwell is expected to contact over 8000 m of GP oil reservoir. Surface\npreparations are now in progress, with lease construction expected to\nbe completed by Aug 10\n \n\n th\n \n\n , 2024.  The well is scheduled to be\ndrilled in mid-August.\n \n\n\n\n The Company has acquired additional lands inside the\nAMI which will allow the drilling of up to 4 additional multilateral\nwells.  The 320-acre parcel offset our existing lands to the north\nwere acquired from Canpar (CN Pension Fund), Freehold Royalties and\nRife Resources.  The newly acquired lands, together combined with our\nexisting lands have the oil resource potential in both the Sparky and\nGeneral Petroleum (GP) producing...