Trans Canada Gold Corp. Advances Multilateral Drilling Program Amid Market Challenges

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

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