Trans Canada Gold Corp.
(TSXV: $TTG.v)(OTCQB: $TTGXF) is pleased to announce that the Company has now received formal approval for its new Lloyd 5-23-29-1W4 Well with the issuance of its well license and drill permit for the new 7 leg-multilateral well and drill program situated near Lloydminster, Alberta.
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 multilateral well will be situated adjacent to the Company's successful 12-14 Multilateral Well, near Lloydminster, Alberta.
Trans Canada Gold Corp. Ships 2,886 Barrels for the Month of May, From Its Lloydminster Multilateral Heavy Oil Well and Prepares for Upcoming Drilling Program
$TTG $TTGXF
Trans Canada Gold Corp.
(TSXV: $TTG.v)(OTCQB: $TTGXF) is pleased to announce that the Company has now received formal approval for its new Lloyd 5-23-29-1W4 Well with the issuance of its well license and drill permit for the new 7 leg-multilateral well and drill program situated near Lloydminster, Alberta.
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 multilateral well will be situated adjacent to the Company's successful 12-14 Multilateral Well, near Lloydminster, Alberta.
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Trans Canada Gold Corp. Ships 3,919 Barrels for the Month of April 2025, From its Lloydminster Multilateral Heavy Oil Well and Prepares for the Summer Mulitlateral Drilling Program
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / May 6, 2025 / Trans Canada Gold Corp. (TSX-V: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 April 2025, with trucking and oil sales to Altex. The Lloydminster multilateral well shipped 3,919 barrels (bbl) for the month of April and produced at an average daily rate of 150 bbl/d gross (25 bbl/d net) to the Company since being placed on production, representing its 18.75% working interest ownership in the well. Daily production and shipping sales were slightly impaired due to two factors, limited access to railcars which resulted in six lost shipping days via rail, and the decision to sell to its working interest partners, it's 18.75% interest in the recently drilled, non-performing 8-23-049-1 W4M General Petroleum (GP) zone well including all surface and downhole equipment, and GP Petroleum rights within the Area of Mutual Interest (AMI) for $100,000 CDN. Production shipping and sales commenced on the first newly drilled Multilateral well, a year ago on October 6th, 2023, and the new well was brought on production in mid-September 2024. Croverro Energy Ltd. is the Operator.
DRILLING TO COMMENCE MID - JULY
The Company has agreed to participate to drill a 7 leg Sparky multi-lateral well with Croverro as operator for the Joint Venture in mid-July subject to final permitting. The newly proposed 5-23 multilateral well will be situated adjacent to the Company's successful 12-14 Multilateral Well, near Lloydminster, Alberta. Trans Canada has a 18.75% interest in the new well. This second multi-lateral horizontal well, targeting the Sparky Zone is expected to be similar to the company's successful 7HZ LLOYD 12-14-49-01W4 well, that was drilled in 2023 and encountered 2486 metres of oil pay in the Sparky Oil Formation. The 12-14 Sparky well has now produced over 88,000 barrels of oil and continues to produce consistently month over month. The new 5-23 well is planned to open an estimated 3000 m of Sparky formation. The well is scheduled to be drilled this summer, subject to final permitting by the Alberta Energy Regulator.
The company has an 18.75% working interest in the Joint Venture with Croverro. The Area of Mutual Interest now contains 1040 acres with potential in the Sparky zone only. This third multi-lateral horizontal well is based on similar wells drilled in the Sparky Oil Formation using surrounding well control and recently processed seismic lines. Croverro Energy Ltd., under the terms of the agreement, is the Operator.
Drilling, completion and equipping costs are expected to be $1.9 million ($350,000 net to Trans Canada). The well costs are fully funded out of production cash flow thereby preventing any share dilution.
The image below shows a 700 km belt in NW #Ontario which has 36 mln oz of #GOLD historic production.👇
The Gold Crow Project belongs to @TransCanadaGold / $TTG.V (only $2 mln mkt cap), which has positive cash-flow, being focused to increase its #Oil production in #Alberta.
Venezuela’s oil exports slumped 20% in April to a 9-month low of 700,000 bpd after PDVSA canceled Chevron cargoes amid Trump’s renewed sanctions. More declines expected as U.S. firms exit by May 27. #OilExports#Venezuela#Chevron#Sanctions
https://t.co/XczEX1p1zX
NextEra: US Power Demand Will Call for Extra 71 Bcf/d Equivalent
The U.S. needs to add the equivalent of 71.3 Bcf/d of power generation in the coming few years, according to generator NextEra Energy.
The electrons total 450 gigawatts (GW).
“That is not a small number,” Matt Pawlowski, vice president, transmission development, for the Florida-headquartered company, said at a summit. (Hart Energy)
What does the new Liberal government mean for energy stocks? This is my initial take: https://t.co/0a6KE2UDOr
🛢️C-69 remains = limiting oil growth
🛢️emissions cap adoption more challenging
🛢️Pathways much more likely (tied to a new federally owned pipeline?)
🛢️largely status quo
Renewables are grid-following = need the grid already working.
They are passengers, not drivers.
Fossil fuels are grid-forming = build and hold the grid up.
Renewables can add power only if the grid is already stable. They cannot create or hold the grid steady on their own.
#energy #EnergyTransition #ClimateActionNow #renewables #NetZero #EnergyStorage #ClimateCrisis #ClimateAction #GlobalWarming
Trans Canada Gold Corp. to Sell Its 18.75 % Petroleum and Natural Gas Rights and Interest in the Non-performing 8-23-049-1 W4M GP Well Only, and the GP Petroleum Zone Rights Within the AMI to Its Working Interest Partners
DRILLING TO COMMENCE SUMMER 2025 MULTILATERAL WELL-TARGETING SPARKY FORMATION
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.
Today the world might wake up to this reality.
Solar and wind are accessories, not fixtures, in the energy grid.
They supplement power but can’t replace reliable baseload sources like nuclear, coal, hydrocarbons or gas.
Intermittency and storage challenges mean they’re add-ons, not anchors, for stable electricity.
Halliburton warns U.S. oil producers are rethinking 2025 drilling plans amid tariff chaos, falling prices, and macro uncertainty. Q1 North America revenue fell 12% YoY. “We need more clarity and stability,” execs said. #OilPrices#USShale#Energy
https://t.co/MAttj1pmES
Trans Canada Gold Corp. Ships 4,558 Barrels for the Month of March 2025, From Both of Its Lloydminster Multilateral Heavy Oil Wells
$TTG $TTG.v
VANCOUVER, BC / 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 18.75% working interest ownership in both wells. Daily production and shipping sales were slightly impaired due to limited access to railcars which resulted in seven lost shipping days via rail. Production shipping and sales commenced on the first newly drilled Multilateral well, a year ago on October 6th, 2023, and the new well was brought on production in mid-September 2024. Croverro Energy Ltd. is the Operator.
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 18.75% interest in the new well. This third multi-lateral horizontal well is expected to be similar to the company's successful 7HZ LLOYD 12-14-49-01W4 well, that was drilled in 2023 and encountered 2486 meters of oil pay in the Sparky Oil Formation. The 12-14 Sparky well has now produced over 85,000 barrels of oil and continues to produce consistently month over month. The new 5-23 well is planned to open an estimated 3000 m of Sparky formation. The well is scheduled to be drilled this summer/ third quarter of 2025, subject to final permitting by the Alberta Energy Regulator.
The company has an 18.75% working interest in the Joint Venture with Croverro. The Area of Mutual Interest now contains 1040 acres with potential in the Sparky and GP zones. This third multi-lateral horizontal well is based on similar wells drilled in the Sparky Oil Formation using surrounding well control and recently processed seismic lines. Croverro Energy Ltd., under the terms of the agreement, is the Operator.
Drilling, completion and equipping costs are expected to be $1.9 million ($350,000 net to Trans Canada). The well costs are fully funded out of production cash flow thereby preventing any share dilution.
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."
Trans Canada Gold Corp. Ships 4,558 Barrels for the Month of March 2025, From Both of Its Lloydminster Multilateral Heavy Oil Wells
$TTG $TTG.v
VANCOUVER, BC / 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 18.75% working interest ownership in both wells. Daily production and shipping sales were slightly impaired due to limited access to railcars which resulted in seven lost shipping days via rail. Production shipping and sales commenced on the first newly drilled Multilateral well, a year ago on October 6th, 2023, and the new well was brought on production in mid-September 2024. Croverro Energy Ltd. is the Operator.
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 18.75% interest in the new well. This third multi-lateral horizontal well is expected to be similar to the company's successful 7HZ LLOYD 12-14-49-01W4 well, that was drilled in 2023 and encountered 2486 meters of oil pay in the Sparky Oil Formation. The 12-14 Sparky well has now produced over 85,000 barrels of oil and continues to produce consistently month over month. The new 5-23 well is planned to open an estimated 3000 m of Sparky formation. The well is scheduled to be drilled this summer/ third quarter of 2025, subject to final permitting by the Alberta Energy Regulator.
The company has an 18.75% working interest in the Joint Venture with Croverro. The Area of Mutual Interest now contains 1040 acres with potential in the Sparky and GP zones. This third multi-lateral horizontal well is based on similar wells drilled in the Sparky Oil Formation using surrounding well control and recently processed seismic lines. Croverro Energy Ltd., under the terms of the agreement, is the Operator.
Drilling, completion and equipping costs are expected to be $1.9 million ($350,000 net to Trans Canada). The well costs are fully funded out of production cash flow thereby preventing any share dilution.
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."
US Aims to Cut Iranian Oil Flows by More Than 90%, Bessent Says
“We are committed to bringing the Iranians to going back to the 100,000 barrels-a-day of oil exports” shipped during Trump’s first term, Bessent said in a Friday interview with Fox Business. The country is exporting 1.5 million-1.6 million barrels per day now, he said.
#OOTT
#Iran
https://t.co/rEurnEeJd4