RE:RE:More disappointing news 😝 strong sellSingoa58 wrote: Time to shutter it in ... duster
This is good. But with all this negative shorting going on Mainstream investors aint going to touch this one until the product starts leaping out of the ground with proven earnings. Maybe not so in Austria soon but it look like in Germany and Czech that will be in 2025.
The Reudnitz gas field testing and development operations continue with the Phase 1 testing completed and the Phase 2 plans submitted to the German mining authority, Laufzeit der Erlaubnis zur Aufsuchung (LNGR). In Phase 1 the Reudnitz RZ2 horizontal well was reworked and tested at a stable flow rate of above 1,000 m³/hr at 5 bar. Phase 2 will be additional stimulation and testing to improve production rates.
Genexco applied for an extension of the Reudnitz Exploration Licence to allow for a fuller Phase 2 testing operations following the success of the Phase 1 test. MCF is pleased to announce the approval of a nine-month extension of the Reudnitz Exploration Licence by the LNGR with the new expiration date of September 30, 2025.