on Trans Canada Gold Corp. (isin : CA8931291063)
Trans Canada Gold Corp. Reports Oil Production for November 2024
Trans Canada Gold Corp. has announced the shipment of 5,197 barrels from its Lloydminster heavy oil wells for November 2024. The production average stood at 183 barrels per day, with the company's net share being 32.48 barrels per day, marking an ongoing productive collaboration with Croverro Energy Ltd., the operator. This reflects the company's 18.75% working interest in the wells.
The second recently drilled well encountered a blockage, affecting production levels. Despite multiple attempts to improve output, the company has paused operations due to harsh weather conditions, aiming to resume operations with comprehensive repairs in milder weather.
Looking ahead, Trans Canada plans to drill a new Multilateral Sparky well in spring 2025. The company may also expand drilling in the GP zone contingent upon market conditions. Continued exploration opportunities in Canada and the U.S. remain a focus.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Trans Canada Gold Corp. news