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Trans Canada Gold Corp. Reports Steady Production and Plans New Drilling

Story Highlights
  • Trans Canada Gold shipped 3,763 barrels in February 2025 from its Lloydminster wells.
  • The company plans a new multilateral well, funded by production cash flow, to expand operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Trans Canada Gold Corp. Reports Steady Production and Plans New Drilling

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Trans Canada Gold ( (TSE:TTG) ) has issued an update.

Trans Canada Gold Corp. reported steady oil production for February 2025, shipping 3,763 barrels from its Lloydminster wells despite weather-related disruptions. The company plans to drill a new multilateral well in collaboration with Croverro Energy Ltd., with drilling costs covered by production cash flow, thus avoiding share dilution. This strategic move aims to expand their operations in the Sparky Oil Formation, potentially enhancing their market position and operational capacity.

More about Trans Canada Gold

Trans Canada Gold Corp. operates in the energy sector, focusing on the exploration and production of heavy oil. The company holds interests in multilateral heavy oil wells, primarily in the Lloydminster region, and collaborates with Croverro Energy Ltd. as part of a joint venture.

Average Trading Volume: 35,565

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$2.56M

For a thorough assessment of TTG stock, go to TipRanks’ Stock Analysis page.

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