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Trans Canada Gold Corp. Completes Twelve Months of Steady Oil Production as of September 2024, Marking a Full Year of Successful Output From Its First Multilateral Well and Successfully Drills Its Second Multilateral Well
VANCOUVER, BC / ACCESSWIRE / October 1, 2024 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) ...
About this update from Trans Canada Gold Corp
[{"type":"text","content":"Trans Canada Gold Corp. Completes Twelve Months of Steady Oil Production as of September 2024, Marking a Full Year of Successful Output From Its First Multilateral Well and Successfully Drills Its Second Multilateral WellVANCOUVER, BC / ACCESSWIRE / October 1, 2024 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) (\"Trans Canada\" or the \"Company\") is pleased to announce that the Company has now completed its twelve full month of robust steady oil production for the month of September 2024, with trucking and oil sales to Altex. The Company will release the September production numbers in the coming days once finalized. One year ago, In October 2023, the Company successfully drilled and completed all multilateral legs of the Company's first large multilateral well in the Sparky reservoir. Since drilling inception, the Croverro 7HZ Well has now produced over 67,000 barrels of consistent steady oil production.The second Multilateral well was just successfully drilled in September and all legs were successfully drilled and completed in target pay zone, with battery construction having been completed and cleanup operations are ongoing. The company will report production numbers in late October once well production has stabilized.The Company has an 18.75% interest in the well and Area of Mutual Interest (AMI). Croverro Energy Ltd., under the terms of the agreement, is the Operator.Commented, President & CEO Tim Coupland, \"We have now hit the one-year milestone of steady oil production and now have exceeded over 67,000 barrels of oil production, showcasing production expertise in both the Sparky and GP reservoir sands in Lloydminster area using new state of the art multilateral well drilling techniques. The Company has now successfully drilled two large multilateral wells in Alberta in 2024 and looks forward to drilling more wells in 2025.\"ABOUT TRANS CANADA GOLD CORP. - OIL AND GAS PRODUCTION/REVENUE PRODUCING WELLSThe 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,...