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Mcf Energy Ltd V.MCF

Alternate Symbol(s):  MCFNF

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 concession applications pending. It is also evaluating additional opportunities throughout Europe. The Company is involved in the development of a natural gas industry as a transition to renewable energy sources.


TSXV:MCF - Post by User

Comment by practicalguyon Sep 22, 2024 3:46pm
45 Views
Post# 36235532

RE:BrickmantoStock

RE:BrickmantoStock

Moving on to economics:

PIR10 (Profit to Invest Ratio @ NPV10) is an excellent overall measure of the economic viabilty of a project. 

Projects under 0.3 PIR10 do not get funded in the oil industry. Most companies like to see pre drill estimates of 0.5 or higher to take into account the potential of higher costs, lower productivity or lower prices than forecast. 

PIR10 of over 1.0 are outstamding. 


According to ADX, MCF's partner in Austria, the Welchau project are has a PIR10 of 3.92. This is top decile economics, especially for the large size of the play. 


Hopefully we see a few great zonal test rates over the next four months. 

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