Trans Canada Gold Corp. Achieves Eight Months of Steady Oil Production

Vancouver, BC / ACCESSWIRE / May 30, 2024 / Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:RCTRF) has successfully completed its eighth month of consistent oil production for May 2024. The company continues its oil sales to Altex and Cenovus Energy Ltd, with finalized May production numbers to be released soon.

In October 2023, Trans Canada successfully drilled and completed seven lateral legs of its first multilateral well, producing over 45,236 barrels of oil. As part of its expansion strategy, the company has also strengthened its land position through strategic acquisitions and is preparing for the drilling of a second multilateral well in mid-July, expected to reach over 3000 meters in the General Petroleum sand.

President & CEO Tim Coupland expressed confidence in maintaining steady oil production and anticipated high oil prices, which will enable further drilling and acquisitions. Director Chris Timmins highlighted the cost savings and enhanced oil reservoir access from drilling large multilateral wells.