Trans Canada Gold Corp. Ships 4,558 Barrels for the Month of March 2025, From Both of Its Lloydminster Multilateral Heavy Oil Wells
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) riporta una produzione di petrolio costante dai suoi pozzi di Lloydminster per marzo 2025, spedendo 4.558 barili con un tasso medio giornaliero di 147 bbl/d lordi (28 bbl/d netti) basato sul suo interesse lavorativo del 18,75%. La produzione è stata parzialmente influenzata dall'accesso ai vagoni ferroviari, con sette giorni di spedizione persi.
L'azienda prevede di partecipare alla perforazione di un nuovo pozzo multi-laterale Sparky a 7 gambe (5-23) con l'operatore Croverro Energy, adiacente al loro esistente pozzo multi-laterale 12-14. Si prevede che il nuovo pozzo apra circa 3.000 metri di formazione Sparky e sarà perforato nel terzo trimestre del 2025. I costi del progetto sono stimati in 1,9 milioni di dollari (350.000 dollari netti per Trans Canada) e saranno finanziati attraverso il flusso di cassa dalla produzione.
Il pozzo Sparky 12-14 esistente ha prodotto oltre 85.000 barili di petrolio dal 2023 e mantiene una produzione mensile costante. L'Area di Interesse Comune dell'azienda ora comprende 1.040 acri con potenziale nelle zone Sparky e GP.
Trans Canada Gold Corp. (TTGXF) informa sobre una producción de petróleo constante de sus pozos en Lloydminster para marzo de 2025, enviando 4,558 barriles con una tasa diaria promedio de 147 bbl/d brutos (28 bbl/d netos) basada en su interés de trabajo del 18.75%. La producción se vio parcialmente afectada por el acceso a los vagones de ferrocarril, resultando en siete días de envío perdidos.
La compañía planea participar en la perforación de un nuevo pozo multilateral Sparky de 7 patas (5-23) con el operador Croverro Energy, adyacente a su pozo multilateral existente 12-14. Se espera que el nuevo pozo abra aproximadamente 3,000 metros de formación Sparky y se perforará en el tercer trimestre de 2025. Los costos del proyecto se estiman en 1.9 millones de dólares (350,000 dólares netos para Trans Canada) y se financiarán a través del flujo de caja de la producción.
El pozo Sparky 12-14 existente ha producido más de 85,000 barriles de petróleo desde 2023 y mantiene una producción mensual constante. El Área de Interés Mutuo de la compañía ahora abarca 1,040 acres con potencial en las zonas Sparky y GP.
Trans Canada Gold Corp. (TTGXF)는 2025년 3월 Lloydminster 유정에서 안정적인 석유 생산을 보고하며, 4,558 배럴을 출하하고 18.75%의 작업 이익을 기반으로 평균 일일 생산량은 147 bbl/d 총 (28 bbl/d 순)입니다. 생산은 기차 차량 접근성에 일부 영향을 받아 7일의 배송 손실이 발생했습니다.
회사는 기존의 12-14 다중 유정 인근에 위치한 Croverro Energy와 함께 새로운 7-다리 Sparky 다중 유정을 시추할 계획입니다. 새로운 유정은 약 3,000m의 Sparky 층을 열 것으로 예상되며 2025년 3분기에 시추될 예정입니다. 프로젝트 비용은 190만 달러(Trans Canada에 순 35만 달러)로 추정되며 생산 현금 흐름을 통해 자금이 조달될 것입니다.
기존의 12-14 Sparky 유정은 2023년 이후로 85,000배럴 이상의 석유를 생산하였으며, 매달 일관된 생산량을 유지하고 있습니다. 회사의 상호 관심 지역은 이제 Sparky 및 GP 구역에서 잠재력을 가진 1,040에이커를 포함하고 있습니다.
Trans Canada Gold Corp. (TTGXF) rapporte une production pétrolière stable de ses puits de Lloydminster pour mars 2025, expédiant 4 558 barils avec un taux quotidien moyen de 147 bbl/j brut (28 bbl/j net) basé sur son intérêt de travail de 18,75 %. La production a été partiellement affectée par l'accès aux wagons, entraînant sept jours de livraison perdus.
L'entreprise prévoit de participer au forage d'un nouveau puits multilatéral Sparky à 7 branches (5-23) avec l'opérateur Croverro Energy, adjacent à leur puits multilatéral existant 12-14. Le nouveau puits devrait ouvrir environ 3 000 m de formation Sparky et sera foré au troisième trimestre 2025. Les coûts du projet sont estimés à 1,9 million de dollars (350 000 dollars nets pour Trans Canada) et seront financés par le flux de trésorerie de la production.
Le puits Sparky 12-14 existant a produit plus de 85 000 barils de pétrole depuis 2023 et maintient une production mensuelle constante. La zone d'intérêt mutuel de l'entreprise couvre désormais 1 040 acres avec un potentiel dans les zones Sparky et GP.
Trans Canada Gold Corp. (TTGXF) berichtet von einer stabilen Ölproduktion aus seinen Lloydminster-Ölquellen für März 2025, mit einem Versand von 4.558 Barrel und einer durchschnittlichen täglichen Rate von 147 bbl/d brutto (28 bbl/d netto) basierend auf seinem Arbeitsanteil von 18,75%. Die Produktion wurde teilweise durch den Zugang zu Waggons beeinträchtigt, was zu sieben verlorenen Versandtagen führte.
Das Unternehmen plant die Teilnahme an der Bohrung eines neuen 7-beinigen Sparky-Multilateralbohrlochs (5-23) mit dem Betreiber Croverro Energy, angrenzend an ihr bestehendes 12-14 Multilateralbohrloch. Es wird erwartet, dass das neue Bohrloch etwa 3.000 m der Sparky-Formation erschließt und im dritten Quartal 2025 gebohrt wird. Die Projektkosten werden auf 1,9 Millionen Dollar (350.000 Dollar netto für Trans Canada) geschätzt und sollen durch den Produktionscashflow finanziert werden.
Das bestehende 12-14 Sparky-Bohrloch hat seit 2023 über 85.000 Barrel Öl produziert und hält eine konstante monatliche Produktion aufrecht. Das Interessensgebiet des Unternehmens umfasst nun 1.040 Acres mit Potenzial in den Sparky- und GP-Zonen.
- Steady oil production with 4,558 barrels shipped in March 2025
- New well project fully funded through production cash flow, avoiding share dilution
- Existing 12-14 Sparky well demonstrates strong performance with 85,000+ barrels produced
- Expansion of operations with new 5-23 well targeting 3,000m of Sparky formation
- Seven lost shipping days due to railcar access affecting March production
- GP well currently blocked at intermediate casing requiring repairs
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / April 8, 2025 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company"), is pleased to announce that the Company has now completed another month of steady oil production for the month of March 2025, with trucking and oil sales to Altex. The two Lloydminster wells have shipped 4,558 barrels (bbl) for the month of March and produced at an average daily rate of 147 bbl/d gross (28 bbl/d net) to the Company since being placed on production, representing its
The Company has agreed to participate to drill a 7 leg Sparky multi-lateral well with Croverro as operator for the Joint Venture. The newly proposed 5-23 well will be situated adjacent to the Company's 12-14 Multilateral Well, near Lloydminster, Alberta. Trans Canada has a
The company has an
Drilling, completion and equipping costs are expected to be
Croverro continues to proactively implemented a range of repair solutions on the newly drilled GP well blocked at the intermediate casing, including multiple Super Flushes on the well. Croverro remains optimistic about resuming operations and restoring lost production. and the repair plan is fully implemented this spring.
Commented Tim Coupland, "We are expecting additional oil production for 2025, and we are exploring additional exploration drilling opportunities in both central Canada and the United States. The Company will continue with its newly adopted multilateral well drilling strategy for 2025-2026, using new state of the art multilateral well drilling techniques in Alberta and Saskatchewan, to create growth."
ABOUT TRANS CANADA GOLD CORP. - OIL AND GAS PRODUCTION/REVENUE PRODUCING WELLS
The 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, the ongoing development of oil and gas assets primarily situated in Alberta Canada. The Company has qualified Senior exploration management and Geological teams of professionals, seasoned in exploration production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil production, and revenue success with large multi-lateral wells currently under their supervision. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration drilling, and maximizing long term petroleum and natural gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
astar@telus.com
www.transcanadagold.com
or
Christian Timmins, Director
Trans Canada Gold Corp.
Tel: (403) 597-3410
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Trans Canada Gold Corp.
View the original press release on ACCESS Newswire
FAQ
What is Trans Canada Gold Corp's (TTGXF) current oil production rate from Lloydminster wells?
How much will TTGXF's new Sparky multi-lateral well project cost?
What is the production performance of TTGXF's existing 12-14 Sparky well?
When is TTGXF planning to drill the new 5-23 Sparky multi-lateral well?
