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An update from Trans Canada Gold ( (TSE:TTG) ) is now available.
Trans Canada Gold Corp. has reported successful oil production for December 2024, shipping 5,376 barrels from its Lloydminster multilateral heavy oil wells. The company holds an 18.75% working interest in these wells and has surpassed the 90,000-barrel production benchmark since starting operations in October 2023. The company plans new drilling activities in 2025, contingent on oil price improvements, while addressing production blockages in one of its newly drilled wells. Croverro Energy Ltd., the operator, is working on repairs and future drilling plans. Trans Canada Gold is committed to expanding its multilateral well drilling strategy in Canada and the United States.
More about Trans Canada Gold
Trans Canada Gold Corp. operates in the energy sector, focusing on oil production through multilateral heavy oil wells. The company is involved in exploration and drilling activities primarily in Alberta and Saskatchewan, Canada, and aims to expand its operations using advanced drilling techniques.
YTD Price Performance: -10.0%
Average Trading Volume: 47,898
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.31M
Find detailed analytics on TTG stock on TipRanks’ Stock Analysis page.