Energy Stocks in Play – Trans Canada Gold Corp. (TSXV: $TTG.V),
Gains on News of appointing Christian Timmins to the company's board of
directors; @TransCanadaGold
May 15, 2024 – (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, reports on
trading and news for Trans Canada Gold Corp. (TSXV:TTG.V), 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 stock is trading at 0.0600, up 0.0150, gaining 33.3333%.
Read this news, featuring TTG in full at https://www.investorideas.com/news/2024/energy/05151Trans-Canada-Gold-TTG.asp
Trans Canada Gold Corp. has appointed Christian Timmins to the company's
board of directors. Mr. Timmins is an experienced and seasoned oil and gas
professional, with over 20 years of hands-on field experience in oil and gas
drilling and exploration. Mr. Timmins is experienced in oil and gas operations
management, project planning, drilling, oil field servicing and well
maintenance, and has worked and collaborated with many oil companies, such as
Tourmaline Oil, FMC (previously Pure Energy Services) and IPS Canada, and will
be instrumental in the company's future growth. In addition to the appointment,
Mr. Timmins will also provide guidance and assist with financial Web-hosted
market communications platforms, assist with new advanced communication
initiatives, which include advanced on-line branding and awareness,
introductions to a wider variety of North American oil and gas retail
investors, and institutional brokers, and capital market participants located
in the Canadian, United States and world global capital markets.
Christian Timmins commented: "I am honoured to join the Trans
Canada team and contribute to its mission of responsible growth and success in
the oil and gas industry. With my extensive oilfield experience and network, I
am eager to collaborate with the board to drive production revenue, optimize
operational efficiency, and explore new drilling and acquisition opportunities
that currently exist for growth. The momentum we are building with the
successful drilling of the new generation of multilateral wells, which are
considered an evolution in drilling in Canada and which allow access to more of
the oil reservoir, and the upcoming plans to drill a second multilateral well
in July, speaks volumes of the pending revenue and production growth."
Commented Tim Coupland, "We would like to welcome Christian, with
his vast oilfield experience and contacts, to our Trans Canada oil and gas team
as a new director, and we look forward to Christian assisting the board in
incrementally growing our production revenue and increasing our daily
production barrels while minimizing operational costs, through drilling of
multilateral wells and reviewing additional exploration acquisitions for 2024.
The Company is now enjoying steady increased monthly revenues, and has now
successfully produced over eight (8) months of steady oil production with its
first large multilateral well situated near Lloydminster, Alberta. With the
completion of the latest land acquisition, we now look forward to drilling our
second multilateral well in mid-summer 2024. With global oil prices steadily
increasing and the TMX pipeline now opened and shipping oil, world oil prices
are forecasted to remain high, which will allow the Company to pursue additional
drilling opportunities and new acquisitions." In connection with his
appointment, the Company has granted Mr. Timmins incentive stock options to
purchase up to an aggregate of 250,000 common shares of the Company at a price
of $0.05 per share exercisable until May 15th, 2029. Further to its news
release dated April 23, 2023, the Company has cancelled 450,000 of the options
announced in that news release. A total of 2,550,000 options remain in effect,
with an exercise price of $0.05 and an expiry date of April 23, 2029.
DRILLING SECOND
MULTILATERAL WELL- MID JULY
The Company has successfully completed the purchase of two strategic
land and lease acquisitions pursuant to an AMI ("Area of Mutual
Interest") in the Croverro Farmout Agreement dated November 1, 2022. The
strategic land and lease acquisition will allow the Company to prepare for
permitting, lease survey preparations and drilling of a second Multi-Lateral
Horizontal Oil Well in the prolific heavy oil region south of Lloydminster,
Alberta in mid-July.
The Company continues to explore additional exploration drilling
opportunities in Canada and the United States.
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 and 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.
News:
https://www.stockwatch.com/News/Item/Z-C!TTG-3552264/C/TTG
Research more energy stocks with Investorideas.com
https://www.investorideas.com/OGSN/Stock_List.asp
About Investorideas.com - Big
Investing Ideas
Investorideas.com is the go-to platform for big investing ideas. From
breaking stock news to top-rated investing podcasts, we cover it all. Our
original branded content includes podcasts such as Exploring Mining, Cleantech,
Crypto Corner, Cannabis News, and the AI Eye. We also create free investor
stock directories for sectors including mining, crypto, renewable energy,
gaming, biotech, tech, sports and more. Public companies within the sectors we
cover can use our news publishing and content creation services to help tell
their story to interested investors. Paid content is always disclosed.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity
research as well as creates original content, including video, interviews and
articles. Original content created by investorideas is protected by copyright
laws other than syndication rights. Our site does not make recommendations for
purchases or sale of stocks, services or products. Nothing on our sites should
be construed as an offer or solicitation to buy or sell products or securities.
All investing involves risk and possible losses. This site is currently
compensated for news publication and distribution, social media and marketing,
content creation and more. Disclosure is posted for each compensated news
release, content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and
followers. Contact management and IR of each company directly regarding
specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news
services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please
read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow us on Twitter @investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact
Investorideas.com
Dawn Van Zant and Cali Van Zant
800
665 0411
