Trans Canada Gold Corp. Reports April Shipments and Plans New Drilling

Trans Canada Gold Corp. announced the shipment of 3,919 barrels of oil from its Lloydminster multilateral well in April 2025. The production averaged 150 barrels per day, with an 18.75% working interest attributed to Trans Canada. Shipping was slightly disrupted due to limited railcar access and an asset sale involving a non-performing well. The company has also agreed to a new drilling venture for a 7-leg Sparky multilateral well, aiming for a mid-July start, pending permits.

The new well, adjacent to a successful past project, targets the Sparky Zone and is projected to tap into 3,000 meters of formation. Costs are estimated at $1.9 million, fully funded by production cash flow. Despite market volatility and policy uncertainties, Trans Canada remains committed to expanding operations in Canada and the U.S., focusing on innovative multilateral drilling techniques.