Trans Canada Gold Corp. (TSE:TTG) has released an update.
Trans Canada Gold Corp. has released a preliminary independent reserves report on its 13-14 Lloydminster heavy oil well, revealing promising reserves and future revenue projections as of December 31, 2023. The evaluation, carried out by Petrotech & Associates, indicates a total proved plus probable reserve of 60.7 thousand barrels of heavy crude oil, with a net present value ranging between 2.2 and 3.7 million dollars, adjusted for location and based on the Sproule price forecast.
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