Mcf Energy Ltd V.MCF

Some things take time !

[BrickmantoStock]

“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”
Austria – Welchau-1 Discovery Well
The service rig is expected to be at the wellsite in early to mid-October to begin a multi-zone test of formations identified to be prospective based on well logs and MDT tests conducted in March.
Germany Lech
 Well casing from the original Mobil Kinsau #1 well drilled in the 1980s will be exposed and a new well head will be attached ahead of the move in of the drill rig. Drilling of the Kinsau-1A well is anticipated to begin in December. 
Lech East
Geologic assessments of the 3D-seismic confirm a potential which can boost reserves for a joint development of Lech and Lech East. Gas export infrastructure will be tailored jointly with a regional gas utility located in Augsburg, Bavaria to service local industry and residential customers which suffer from high energy import cost.
Reudnitz
Equipment is currently being mobilized for the test scheduled to begin on September 16, 2024. The testing process is estimated to take several months to complete.
Subsequent to the workover, Genexco intends to obtain a production licence for the agreed 'proven area' within Reudnitz. Three previous gas wells have been drilled outlining the gas reservoir. 
Czech Republic  NP-823 well
Production equipment is currently being moved to the location. It is anticipated that all necessary production equipment will be on site within 30 days, after which inspection of the site will occur prior to commencing commercial production of gas.
LM-3 well
Front-end engineering of production facilities for the Company's LM-3 well in the Czech Republic is expected to be finished by the end of September. Gas-to-power options are being evaluated to commercialise gas production from the well.

[brnbrueck]

It all sounds good! Revenue from Czech Republic very soon. Kinsau was delayed, Welchau is on schedule. Reudnitz is going to take a while because the process of extraction/separation of helium is more complicated.  I've been in since early 2023 and it's very nice to read this! I would add shares here but I gotta move some $$ around first...

[practicalguy]

I am not concerned about the timing - MCF has a lot of balls in the air and seem to be doing a great job of prioritizing and making it through the regulatory gauntlet.  My only concern is the lack of excitement (share volume) that accompanied an excellent news release. I anticipated 3 cents worth of speculation as investors moved in on more certain timing. 

[brnbrueck]

I suppose the average retail investor won't consider this company because they think that the oil/gas business is "dying". Also, many of them are using brokerage services that won't even list it since it's an OTC. Not sure why institutions aren't getting on board yet... I'm holding this until all of their ducks are in a row and they sell to a major oil company. Ford

[BrickmantoStock]

Problem is espescially up here in Canada is the average retail investor is broke. After 8 years of trudeau most people spend all of their money to exist let alone invest. When your on a fixed income with housing food gas and everything else doubling during his nightmare regime thats what happened. Whoever said money cant buy happiness is rich. IMHO

[Singoa58]

Lets be honest ladies... it only had that little pop because it was heavily pumped by a certain website that  had a interest in it although they did disclose the fact so I'll give them credit for that ... natty gas storage is full for a dying industry...solar electric etc have ended the demand for natty ... this is dead money and i see probably a reverse split coming being its a penny

[BrickmantoStock]

Wow !  Having no idea what their talikng about continues.Always babble never backed up with truth. Read the news . Germany approves natural gas for power plants later to be converted to hydrogen. Start with this and learn something . More to come. https://www.reuters.com/business/energy/germany-agrees-subsidy-plans-hydrogen-ready-gas-power-plants-2024-02-05/#:~:text=BERLIN%2C%20Feb%205%20

[Singoa58]

Take 13 cents before its a nickel imo    Natty not loved in a warming climate...

[BrickmantoStock]

https://www.cleanenergywire.org/news/germanys-planned-auctions-backup-gas-power-plants-delayed-one-year-media-report