Bullboard - Stock Discussion Forum Mcf Energy Ltd V.MCF

Alternate Symbol(s): MCFNF

Energy Oil & Gas E&P

MCF Energy Ltd. is a Canada-based junior resource company. The Company is engaged in the identification, and the exploration and development, of both proven and unproven reserves via drilling and/or acquisition with a focus on the European oil and gas sector. The Company has secured interests in several significant natural gas exploration projects in Austria and Germany with additional... see more

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TSXV:MCF - Post Discussion

Mcf Energy Ltd > MCF Energy: Welchau Gas Prospect Drilling Update

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Post by Betteryear2 on Mar 11, 2024 8:14am

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)