The latest announcement is out from Trans Canada Gold ( (TSE:TTG) ).
Trans Canada Gold Corp. announced the shipment of 4,558 barrels of oil from its Lloydminster multilateral heavy oil wells in March 2025, despite facing logistical challenges due to limited railcar access. The company is set to participate in drilling a new multilateral well, expected to open 3,000 meters of the Sparky formation, with drilling costs fully funded from production cash flow. This strategic move aligns with their ongoing exploration and production expansion efforts, potentially enhancing their market position and offering growth opportunities for stakeholders.
More about Trans Canada Gold
Trans Canada Gold Corp. is a discovery-focused oil and gas resource development and mineral exploration company. It is primarily engaged in developing and drilling conventional heavy oil exploration properties in Alberta, Canada, with a focus on increasing production capabilities and future oil production revenues. The company collaborates with Croverro Energy Ltd. and employs a qualified team of professionals experienced in exploration production, field exploration, and drilling.
YTD Price Performance: -20.0%
Average Trading Volume: 35,884
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.05M
Learn more about TTG stock on TipRanks’ Stock Analysis page.