New ADX presentation The new ADX presentation has an updated resource evaluation for Welchau assuming an oil/solution gas reservoir.
Just the Welchau target has a Pmean resource of 85 mmboe for a 100% interest or 21 mmboe for MCF's 25% interest.
This is a large prospect for a microcap. It makes MCF the best kind of stock - low to medium risk, very high reward.
As far as a takeover, we are a long way from that. Companies takeover reserves not resources. MCF has a lot of potential resources, but almost no reserves. Lenders need reserves.