Welcome to our dedicated page for Trans Canada Gold news (Ticker: TTGXF), a resource for investors and traders seeking the latest updates and insights on Trans Canada Gold stock.
Trans Canada Gold Corp (TTGXF) delivers focused heavy oil production through advanced multilateral well systems in Alberta's proven reservoirs. This news hub provides investors and industry observers with essential updates on operational milestones, strategic partnerships, and resource development initiatives.
Access timely reports on drilling results, production benchmarks, and land acquisitions within the Company's Area of Mutual Interest. Our curated collection features press releases detailing technical achievements in the Sparky/GP zones, operational efficiency improvements, and collaborative projects with Croverro Energy Ltd.
Key updates include quarterly production figures, reservoir development progress, and exploration strategy adjustments. All content undergoes strict verification to ensure compliance with financial reporting standards while maintaining technical accuracy for expert analysis.
Bookmark this page for direct access to verified information about TTGXF's heavy oil operations, drilling innovations, and Canadian energy sector positioning. Check regularly for new developments impacting the company's production capabilities and market presence.
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.
Trans Canada Gold Corp. (TTGXF) reported oil production results for January 2025, with its two Lloydminster wells shipping 5,376 barrels. The wells produced at an average daily rate of 168.5 bbl/d gross (31.5bbl/d net) to the Company, reflecting its 18.75% working interest ownership.
The first multilateral well began production in October 2023, while the second well started in September 2024. Operator Croverro Energy has set a preliminary 2025 budget including one new Multilateral Sparky well planned for summer 2025. The company is monitoring oil prices and potential U.S. tariff impacts.
Croverro is implementing repairs on the newly drilled GP well, which is currently blocked at the intermediate casing. Operations are expected to resume once Alberta's extreme cold weather conditions improve. The company plans to continue its multilateral well drilling strategy through 2025-2026 in Alberta and Saskatchewan.
Trans Canada Gold Corp. (TTGXF) reported robust oil production for December 2024, with 5,376 barrels shipped from two Lloydminster wells. The wells produced at an average daily rate of 180 bbl/d gross (32.5bbl/d net) to the Company, reflecting its 18.75% working interest.
The operator, Croverro Energy, has set a 2025 preliminary budget including one Multilateral Sparky well planned for Spring 2025. The second well (8-23) targeting the GP zone initially produced over 150 bbl/d and delivered more than 5,000 bbls before encountering a blockage. Repair solutions are being implemented once weather conditions improve.
The Company has surpassed the 90,000-barrel production benchmark and continues its multilateral well drilling strategy for 2025-2026, exploring additional opportunities in Canada and the United States.
Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) held its Annual Meeting on December 19th, 2024, where shareholders voted on key matters. 43.81% of common shares (22,473,049) voted in favor of director nominees. Shareholders approved the reappointment of Dale Matheson Carr-Hilton Labonte LLP as auditors and the amended 10% rolling stock option plan.
The amended stock option plan includes new provisions requiring TSXV approval for share capital adjustments and disinterested shareholder approval for insider option extensions. The plan maintains a rolling 10% limit of the Company's issued and outstanding share capital at grant date.
Trans Canada Gold is an Oil & Gas Resource Development and Mineral Exploration Company focused on developing conventional heavy oil exploration properties in Alberta, Canada, working with partners like Croverro Energy
Trans Canada Gold Corp. (TTGXF) reported its November 2024 oil production from two Lloydminster multilateral heavy oil wells, shipping 5,197 barrels to Altex. The wells produced at an average daily rate of 183 bbl/d gross (32.48 bbl/d net) based on the Company's 18.75% working interest.
The second well (8-23) targeting the GP zone initially produced over 150 bbl/d but encountered a blockage, leading to temporary shutdown during extreme cold conditions. Croverro Energy, the operator, has implemented repair solutions and is developing a comprehensive repair program.
Croverro has set a 2025 preliminary budget including one Multilateral Sparky well planned for Spring 2025. Additional GP zone wells may be drilled in late 2025 depending on oil prices and repair success of the current GP well.
Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) announces measures to address potential delays in delivering meeting materials for its December 19, 2024 annual general meeting due to the Canada Post strike. Meeting Materials are available on SEDAR+ and will be provided via email upon request. Shareholders can vote by proxy (registered) or through intermediaries (unregistered) until December 17, 2024, at 10:00 a.m. Pacific time. The company focuses on oil and gas resource development in Alberta, working with Croverro Energy on conventional heavy oil exploration properties.
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