Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Trans Canada Gold ( (TSE:TTG) ) has provided an update.
Trans Canada Gold Corp. announced the shipment of 2,886 barrels of oil from its Lloydminster multilateral heavy oil well for May 2025, despite some production disruptions. The company has received approval for a new multilateral drilling program and plans to drill a 7-leg Sparky well near its successful 12-14 multilateral well. This new project is expected to enhance oil production, with costs covered by production cash flow, avoiding share dilution. The company is also exploring additional opportunities in Canada and the U.S., while navigating market volatility and energy sector uncertainties.
More about Trans Canada Gold
Trans Canada Gold Corp. is a discovery-focused oil and gas resource development and mineral exploration company. It is primarily engaged in developing and drilling conventional heavy oil exploration properties in Alberta, Canada, aiming to increase production capabilities and future oil production revenues. The company collaborates with partners like Croverro Energy Ltd. and boasts a qualified team experienced in exploration production and drilling.
Average Trading Volume: 44,008
Technical Sentiment Signal: Sell
Current Market Cap: C$2.05M
See more data about TTG stock on TipRanks’ Stock Analysis page.