on Trans Canada Gold Corp. (isin : CA8931291063)
Trans Canada Gold Corp. Reports Steady Oil Production for December 2024
Trans Canada Gold Corp. announced the completion of a strong oil production month in December 2024 from its Lloydminster wells. The company shipped 5,376 barrels, maintaining an average daily production rate of 180 barrels per day. This production reflects Trans Canada's 18.75% ownership in these wells. The operation, managed by Croverro Energy Ltd., started with the first multilateral well in October 2023 and brought another well online in September 2024.
Croverro plans to drill a new Multilateral Sparky well in Spring 2025, mirroring the initial Sparky well drilled in 2023. A blockage affected the production of the recently drilled 8-23 well, but repair efforts are in progress, pending weather conditions. Trans Canada surpassed a 90,000-barrel production milestone, aiming for expansion with advanced drilling techniques in the coming years.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Trans Canada Gold Corp. news