sur Trans Canada Gold Corp. (isin : CA8931291063)
Trans Canada Gold Corp. Enhances Oil Production with Multilateral Wells
Trans Canada Gold Corp. reports a significant increase in oil production for October 2024, reaching 9,750 barrels from its Lloydminster multilateral wells. This achievement, in partnership with Croverro Energy Ltd., signifies a successful year of consistent production, surpassing the 85,000-barrel benchmark. The company holds an 18.75% interest in the two major wells.
The newly acquired lands in the Area of Mutual Interest pave the way for further multilateral wells in 2025. This expansion aligns with the company's strategy of utilizing advanced drilling technologies in Alberta and Saskatchewan. The geopolitical outlook hints at sustained high oil prices, presenting additional investment opportunities.
According to Chris Timmins, the focus on multilateral wells promises stable production rates and reduced costs, bolstering the strategic business model. Plans are underway to explore further opportunities in Canada and the United States in 2025.
R. E.
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