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TRANS CANADA GOLD CORP. Ships 15,488 Barrels of Oil over Seven Months from Its Multilateral Heavy Oil Well, and Prepares for the Upcoming Multilateral Drill Program
VANCOUVER, BC / ACCESS Newswire / April 27, 2026 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:T...
About this update from Trans Canada Gold Corp
[{"type":"text","content":"TRANS CANADA GOLD CORP. Ships 15,488 Barrels of Oil over Seven Months from Its Multilateral Heavy Oil Well, and Prepares for the Upcoming Multilateral Drill ProgramVANCOUVER, BC / ACCESS Newswire / April 27, 2026 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) (\"Trans Canada\" or the \"Company\"), is pleased to announce that the Company has now completed another seven months of steady oil production, producing over 15,488 barrels of oil during the period September 2025 to March 2026, with trucking and oil sales to Altex.MonthMonthly Production (bbl)Daily Production (bbl/d)Daily Production Net to the Company (bbl/d)September 20252,20973.613.8October 20252,25072.613.6November 20252,28676.214.3December 20252,21371.413.4January 20262,25872.813.7February 20261,96570.213.2March 20262,23872.213.5Production shipping and sales commenced on the first multi-lateral well drilled, on October 6th, 2023, the 7HZ Lloyd 12-14-49-01 W4 (\"12-14 Well\"). The Company has a working interest of 18.75%. Croverro Energy Ltd. is the Operator.MULTILATERAL OIL WELL DRILL PERMIT AND WELL LICENSE APPROVED/ SUMMER DRILLING PENDINGThe Company has received all formal approvals from the AER for its new Lloyd 5-23-49-1W4 (\"5-23 Well\") with the issuance of its well license and drill permit for its upcoming new 7-leg multi-lateral well and drilling program situated near Lloydminster, Alberta.The Company has agreed to participate to drill a 7-leg Sparky multi-lateral well with Croverro as operator for the Joint Venture. The proposed well will be situated adjacent to the Company's successful 12-14 well, near Lloydminster, Alberta. Trans Canada has a 18.75% interest in the new well. This third multi-lateral horizontal well is expected to be similar to the company's successful 12-14 well, that was drilled in 2023 and encountered 2486 metres of oil pay in the Sparky Oil Formation. The 12-14 Sparky well has now produced over 130,000 barrels of oil and continues to produce consistently month over month. The newly permitted 5-23 Well when drilled, is expected to open an estimated 3000 m of Sparky formation. The well is scheduled to be drilled this summer subject to rig availability.Drilling, completion and equipping costs are expected to be $1.9 million ($350,000 net to Trans Canada). The well costs are fully funded out of production cash flow thereby preventing any ...