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Trans Canada Gold Corp. Ships 7,239 Barrels for the Months of June, July and August 2025, From Its Lloydminster Multilateral Heavy Oil Well and Prepares for the Upcoming Fall Mulitlateral Drilling Program
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / September 10, 2025 / Trans Canada Gold Corp. ...
About this update from Trans Canada Gold Corp
[{"type":"text","content":"Trans Canada Gold Corp. Ships 7,239 Barrels for the Months of June, July and August 2025, From Its Lloydminster Multilateral Heavy Oil Well and Prepares for the Upcoming Fall Mulitlateral Drilling ProgramVANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / September 10, 2025 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:TTGXF) (\"Trans Canada\" or the \"Company\"), is pleased to announce that the Company has now completed another three months of steady oil production for the months of June, July and August 2025, with trucking and oil sales to Altex. The Lloydminster multilateral well produced 2,370 barrels (bbl) for the month of June at an average daily rate of 79 bbl/d gross 15 bbl/d net), produced 2,517 barrels (bbl) for the month of July at an average daily rate of 81 bbl/d gross (15 bbl /net), and produced another 2,348 barrels (bbl) for the month of August at a daily rate of 76 bbl/d gross (14 bbl/d net) to the Company since being placed on production, representing its 18.75% working interest ownership in the well. Production shipping and sales commenced on the first newly drilled multi-lateral well, on October 6th, 2023. Croverro Energy Ltd. is the Operator.MULTILATERAL DRILL PERMIT AND WELL LICENSE APPROVED/DRILLING PENDINGThe Company has received all formal approval from the AER for its new Lloyd 5-23-49-1W4 Well with the issuance of its well license and drill permit for its upcoming new 7 leg-multilateral well and drill 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 5-23 multilateral well will be situated adjacent to the Company's successful 12-14 multi-lateral 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 7HZ LLOYD 12-14-49-01W4 well, that was drilled in 2023 and encountered 2486 metres of oil pay in the Sparky Oil Formation. The 12-14 Sparky multilateral well has now produced over 114,000 barrels of oil and continues to produce consistently month over month. The newly permitted 5-23 multilateral well when drilled, is planned to open an estimated 3000 m of Sparky formation. The well is scheduled to be drilled later this fall subject to stable oil pricing a...