MCF Energy: Welchau Gas Prospect Drilling Update Promising Trip Gas Shows and Evidence of Fracturing in Early Drilling: MCF Energy Ahead of Schedule in Austrian Gas Exploration
VANCOUVER, BC, March 11, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to announce a progress update on the drilling of the Welchau-1 gas exploration well in Austria. The well successfully reached a depth of 1155 metres on March 10, advancing approximately 4 days ahead of its scheduled timeline. Minor hydrocarbon shows and fracturing patterns suggest the presence of hydrocarbons in deeper formations, and are evidence of an active petroleum system at the Welchau-1 well location. Drilling to the main target is underway with completion and evaluation anticipated by month end.
MCF Energy: Welchau Gas Prospect Drilling Update (newswire.ca)