Tagged wti
Trans Canada Gold Corp. Continues Drilling on Its Second Multilateral Horizontal Heavy Oil Well Near Lloydminster, Alberta
• Progress on Second Multilateral Well: Successfully completed 50% of the drilling on its second multilateral well located on the Company's heavy oil property
• Efficient Drilling Operations: Contractor crews, led by Precision Drilling, are progressing efficiently and are expected to complete drilling by August 30, 2024. Completion operations are scheduled to follow in early September.
Read MoreTrans Canada Gold Corp Surface and Pad Preparations and Pre-Setting Surface Casings Are Underway, Preparing to Begin Drilling Its Second Multilateral Horizontal Heavy Oil Well Near Lloydminster, Alberta
Permitting and Timeline: The Alberta Energy Regulator has issued drilling permits, with lease construction nearing completion. Drilling is set to begin.
Operational and Financial Preparedness: The well's total costs are projected at $2.2 million, with Trans Canada's fully funded share at $412,500. Croverro Energy Ltd. will operate the project under the partnership agreement.
Read MoreTrans Canada Gold Corp. Completes Its Tenth Full Month of Steady Oil Production for July 2024 and Prepares for Drilling Its Second Multilateral Well, Targeting 8,000 Meters of GP Oil Reservoir
• Tenth Month of Steady Oil Production: Trans Canada Gold Corp. has completed its tenth consecutive month of robust oil production for July 2024, with oil sales to Altex and Cenovus Energy Ltd.
• Successful Multilateral Well Production: Since its inception in October 2023, the Croverro 7HZ Well, featuring seven multilateral legs, has produced over 60,000 barrels of oil.
• Upcoming Drilling of Second Multilateral Well: Trans Canada is preparing to drill its second multilateral horizontal well targeting the General Petroleum (GP) Zone
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