on Trans Canada Gold Corp. (CVE:TTG)
Trans Canada Gold Corp. Reports Oil Shipment and Prepares for New Drilling Program
Trans Canada Gold Corp. has completed steady oil production in June, July, and August 2025. The company's Lloydminster multilateral well produced a total of 7,239 barrels during these months. With Croverro Energy Ltd. as the operator, production shipping and sales began on a newly drilled well in October 2023. The company owns an 18.75% working interest in this well.
Approval has been granted for a new 7 leg-multilateral well near Lloydminster, Alberta. Drilling is planned for fall 2025, contingent on stable oil prices and rig availability. Trans Canada's expected drilling costs are $1.9 million, funded through production cash flow.
Tim Coupland, CEO, expressed optimism about increased production in 2025 and further exploration opportunities in central Canada and the U.S.
R. E.
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