Trans Canada GOLD Corp. Announces a Second Full Month of Successful November Oil Production, Shipping Another 7,296 Barrels, ON Its Newly Drilled Multilateral Horizontal Heavy Oil Well ON Production, Situated Near Lloydminster, Alberta
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
December 14th, 2023 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. ANNOUNCES A SECOND FULL MONTH OF SUCCESSFUL NOVEMBER OIL
PRODUCTION, SHIPPING ANOTHER 7,296 BARRELS, ON ITS NEWLY DRILLED MULTILATERAL HORIZONTAL
HEAVY OIL WELL ON PRODUCTION, SITUATED NEAR LLOYDMINSTER, ALBERTA
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG, OTCQB -RCTRF) (“Trans Canada” or the
“Company”), is pleased to announce that the Company has the results of the second full month of
November oil production, trucking and oil sales to Cenovus Energy Ltd. The Lloydminster well has
shipped over 7,296 bbls for the month of November, and produced at an increased average daily rate of
243 bbls/d gross (45 bbls/d net) to the Company since being placed on production, representing its
18.75% working interest ownership. Production shipping and sales commenced on the newly drilled
well, on October 6th, 2023 and the new well, has now produced over 14,236 bbls of consistent steady oil
production, to date. The Company successfully drilled and completed all seven (7) legs in the Sparky oil
formation. The total metres drilled in all wellbores on the multilateral well was 2675 meters of open
hole.
Commented Tim Coupland, “We are pleased to have now successfully completed 2 full calendar months
of oil production sales, drilling our new well on budget in an inflationary environment, and now having
produced over 14,236 bbls of consistent steady oil production, while successfully shipping our oil to
Cenovus Energy, situated in Lloydminster, Alberta, averaging 243 bbls/day production”. The Operator,
has consistently demonstrated superior technical proficiency, production efficiency and cost
management efficiency, expected of an experienced oil and gas technical team that has consistent,
proven oil production success with multi-lateral wells currently under their supervision and operation.”
Trans Canada is currently reviewing additional drilling opportunities under an Area of Mutual Interest
(AMI) with Croverro. Any additional wells under the AMI, if the company elects to participate, will be
drilled on a non-promoted basis with Trans Canada paying 18.75% to earn 18.75%. Croverro may present
additional drilling opportunities to Trans Canada, as the opportunities are developed and lands/minerals
are obtained throughout the greater Lloydminster region of Alberta.
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ABOUT TRANS CANADA GOLD CORP. – GOLD MINERAL EXPLORATION/ OIL AND GAS PRODUCTION
The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company
that is currently focused on developing its ’ production of conventional heavy oil exploration
opportunities, increasing production capabilities and increasing potential future oil production revenues.
The Company identifies, acquires and finances the acquisition of gold exploration properties and the
ongoing development of mining and oil and gas assets primarily situated in Canada. The Company is
currently permitting and developing its Pickle Lake gold exploration property. The Company has qualified
Senior exploration management and Geological Mining teams of professionals, seasoned in exploration
production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who
has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil
production success with large multi-lateral wells currently under their supervision. The Company has the
necessary manpower in place to develop its natural resource properties an d manage its production
properties. The Company is committed to minimizing risk through selective property acquisitions, and
responsible exploration and development of mining, and petroleum and natural gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
www.transcanadagold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.