MCF Energy Announces Significant Gas Discovery in Austria Welchau-1 Intersects 115 Metres of Condensate-Rich Gas at Target Formation
VANCOUVER, BC, March 18, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to announce a potentially significant gas and condensate discovery at the Welchau-1 well in Austria. The well encountered 115 metres of rich gas shows between 1,452 metres and 1,567 metres with strong evidence of natural fracturing, essential for gas production performance. A hydrocarbon seal was confirmed above the primary target, mitigating a major risk with the project. The Welchau prospect, over 100 square kilometres, is near pipelines and offers numerous potential drilling sites. Initiatives for testing, detailed analysis, and forward planning are currently underway.
MCF Energy Announces Significant Gas Discovery in Austria (newswire.ca)