Trans Canada Gold Corp.: Steady Oil Production at Lloydminster Well Sites
VANCOUVER, BRITISH COLUMBIA, March 12, 2025 – Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) (“Trans Canada” or the “Company”) is pleased to report another successful month of oil production from its Lloydminster well sites in Saskatchewan, Canada. During the month of February 2025, a total of 3,763 barrels (bbl) were shipped to Altex, with an average daily production rate of 127 bbl/d gross (25.2 bbl/d net) for Trans Canada.
Production Details
The two wells, which represent Trans Canada’s 18.75% working interest ownership, have been consistently producing since being placed on production. The first well, which came online in December 2024, produced 1,364 bbl in December, 1,430 bbl in January, and 1,328 bbl in February. The second well, which started production in January 2025, produced 1,365 bbl in January and 1,001 bbl in February.
Impact on Trans Canada
The steady oil production from the Lloydminster well sites is a positive sign for Trans Canada as it continues to build its oil and gas portfolio. The revenue generated from these wells will contribute to the Company’s financial growth and support its ongoing exploration and development activities.
Impact on the World
The oil production from Trans Canada’s Lloydminster well sites is a small contribution to the global oil market. However, it is important to note that the energy sector, particularly oil and gas, continues to play a significant role in the global economy. The steady production from Trans Canada’s wells helps ensure a stable supply of oil, contributing to energy security and economic stability in Canada and beyond.
Conclusion
Trans Canada Gold Corp.’s steady oil production from its Lloydminster well sites in Saskatchewan, Canada, is a positive development for the Company and the global oil market. The consistent revenue generated from these wells will support Trans Canada’s growth and contribute to its ongoing exploration and development activities. Furthermore, the steady supply of oil from these wells helps ensure energy security and economic stability in Canada and beyond.
- Trans Canada reports steady oil production from Lloydminster well sites
- 3,763 bbl shipped to Altex in February
- Average daily production rate of 127 bbl/d gross (25.2 bbl/d net)
- Contributes to Trans Canada’s financial growth and ongoing exploration activities
- Stable supply of oil helps ensure energy security and economic stability
