Trans Canada Gold Corp. Achieves One Year of Steady Oil Production

Trans Canada Gold Corp. has completed its first full year of consistent oil production from multilateral wells, shipping 7,900 barrels in September 2024. The company has achieved an average daily production rate of 263.3 barrels, reflecting its 18.75% ownership in both wells in the Lloydminster area.

Having surpassed the 75,000-barrel benchmark, Trans Canada plans to leverage these results for future growth. The company recently acquired additional lands in the Area of Mutual Interest, setting the stage for more drilling in 2025.

Director Chris Timmins noted the potential of multilateral wells to enhance revenue growth by providing stable production levels and reducing operational costs. The company intends to expand its drilling inventory in Alberta and Saskatchewan in the coming year, driven by favorable global oil prices.