Bullboard - Stock Discussion Forum Mcf Energy Ltd V.MCF

Alternate Symbol(s): MCFNF

Energy Oil & Gas E&P

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... see more

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TSXV:MCF - Post Discussion

Mcf Energy Ltd > New ADX presentation

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Post by practicalguy on Oct 09, 2024 10:57pm

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.

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