Trans Canada Gold Corp Stock Price, News & Analysis

Trans Canada Gold Corp. (OTCQB:TTGXF) reported steady oil production from its Lloydminster multilateral well for June-August 2025, shipping a total of 7,239 barrels. Monthly production averaged approximately 79 bbl/d gross (15 bbl/d net) based on the company's 18.75% working interest.

The company received AER approval for a new 7-leg Sparky multilateral well (Lloyd 5-23-49-1W4) near Lloydminster, Alberta. The well is expected to open 3,000m of Sparky formation with drilling costs estimated at $1.9 million ($350,000 net to Trans Canada), fully funded from production cash flow. The project is scheduled for fall 2025, pending stable oil pricing and rig availability.

The company's existing 12-14 multilateral well has produced over 114,000 barrels of oil since 2023 and continues consistent monthly production.

Trans Canada Gold Corp. (TTGXF) reported shipping 2,886 barrels of oil in May 2025 from its Lloydminster multilateral well, averaging 96 bbl/d gross (20 bbl/d net) based on its 18.75% working interest. Production was affected by nine lost shipping days due to routine maintenance. The company received approval for a new 7-leg multilateral well (Lloyd 5-23-49-1W4) near Lloydminster, Alberta, with drilling scheduled for summer 2025. The new well project, costing $1.9M ($350,000 net to Trans Canada), will be funded through production cash flow. The company's existing 12-14 Sparky multilateral well has produced over 100,000 barrels since 2023. Additionally, Christian Timmins resigned from the Board of Directors to focus on Pegasus Resources.

Trans Canada Gold Corp. (TTGXF) has received approval for its new Lloyd 5-23-29-1W4 well license and drill permit in Lloydminster, Alberta. The company will participate in drilling a 7-leg Sparky multilateral well with an 18.75% interest. The well is adjacent to their successful 12-14 Multilateral Well, which has produced over 100,000 barrels of oil. The new 5-23 well is planned to open 3,000 meters of Sparky formation, with drilling scheduled for summer 2025. Total costs are estimated at $1.9 million ($350,000 net to Trans Canada), fully funded from production cash flow. The company has interests in 1,040 acres in the AMI, allowing for up to two additional multilateral wells targeting the Sparky Zone for 2025-2026.

Trans Canada Gold Corp (TTGXF) reported shipping 3,919 barrels of oil in April 2025 from its Lloydminster multilateral well, averaging 150 bbl/d gross (25 bbl/d net) based on its 18.75% working interest. The company sold its stake in the underperforming 8-23-049-1 W4M GP zone well for $100,000 CDN. The company plans to participate in drilling a new 7-leg Sparky multi-lateral well (5-23) in mid-July 2025, adjacent to its successful 12-14 well which has produced over 88,000 barrels to date. The new well is expected to open 3,000m of Sparky formation, with drilling costs estimated at $1.9 million ($350,000 net to Trans Canada), funded through production cash flow. The company maintains an 18.75% working interest in the 1,040-acre Joint Venture with operator Croverro Energy Ltd.

Trans Canada Gold has announced the sale of its 18.75% interest in the non-performing 8-23-049-1 W4M GP well and GP Petroleum rights within the AMI to its working interest partners for $100,000 CDN. The deal structure includes $75,000 immediate payment and a bonus tied to 45,000 barrels of oil production.

The company is shifting focus to the Sparky zone, planning to drill a new 7-leg multilateral well (5-23) with partner Croverro in summer 2025. This follows their successful 12-14 well, which has produced over 85,000 barrels of oil. The new well aims to open approximately 3,000m of Sparky formation.

The Area of Mutual Interest now contains 1,040 acres with potential in the Sparky Zone. This strategic move aims to enhance operational efficiency, reduce risks, lower costs, and avoid shareholder dilution while navigating market volatility and expected lower energy prices in the sector.

Trans Canada Gold Corp. (TTGXF) reports steady oil production from its Lloydminster wells for March 2025, shipping 4,558 barrels with an average daily rate of 147 bbl/d gross (28 bbl/d net) based on its 18.75% working interest. Production was partially affected by railcar access, resulting in seven lost shipping days.

The company plans to participate in drilling a new 7-leg Sparky multi-lateral well (5-23) with operator Croverro Energy , adjacent to their existing 12-14 Multilateral Well. The new well is expected to open approximately 3,000m of Sparky formation and will be drilled in Q3 2025. The project costs are estimated at $1.9 million ($350,000 net to Trans Canada) and will be funded through production cash flow.

The existing 12-14 Sparky well has produced over 85,000 barrels of oil since 2023 and maintains consistent monthly production. The company's Area of Mutual Interest now encompasses 1,040 acres with potential in Sparky and GP zones.

Trans Canada Gold Corp. (TTGXF) reports shipping 3,763 barrels of oil in February 2025 from its two Lloydminster multilateral heavy oil wells. The wells produced at an average daily rate of 127 bbl/d gross (25.2 bbl/d net) to the Company, reflecting its 18.75% working interest. Production was affected by extreme cold weather, resulting in seven lost shipping days.

The Company has agreed to participate in drilling a new 7-leg Sparky multi-lateral well (5-23) with Croverro Energy as operator. This third well, scheduled for summer/Q3 2025, is expected to open 3000m of Sparky formation. The drilling costs are estimated at $1.9 million ($350,000 net to Trans Canada) and will be funded through production cash flow. The existing 12-14 Sparky well has produced over 85,000 barrels of oil since 2023.

Trans Canada Gold Corp. (TTGXF) has agreed to participate in drilling a third 7-leg Sparky multi-lateral well with Croverro Energy The new 5-23 well will be located adjacent to their successful 12-14 Multilateral Well near Lloydminster, Alberta, with Trans Canada holding an 18.75% interest.

The planned well is expected to open approximately 3000m of Sparky formation and will be drilled in summer/Q3 2025, subject to regulatory approval. The drilling, completion, and equipping costs are estimated at $1.9 million ($350,000 net to Trans Canada), fully funded from production cash flow without share dilution.

The company's previous 12-14 Sparky well, drilled in 2023, has produced over 85,000 barrels of oil and continues consistent monthly production. The Area of Mutual Interest now encompasses 1040 acres with potential in the Sparky and GP zones. Croverro Energy will serve as the operator under the agreement terms.

Trans Canada Gold Corp. (TTGXF) has expanded its land holdings through the acquisition of a 320-acre parcel near Lloydminster, Alberta, bringing total controlled lands to 1,040 acres. The company maintains an 18.75% non-promoted interest in the properties.

The acquisition, led by Croverro Partnership Group, enables the drilling of up to three additional multilateral wells targeting the Sparky and General Petroleum (GP) producing zones. Croverro Energy has acquired and processed two additional seismic lines to enhance drilling precision in these zones.

The company is preparing to drill its third large multi-lateral oil well with Croverro Energy, focusing on conventional heavy oil exploration with an emphasis on low operational costs and proven revenue success.