MCF Energy Ltd.

MCF Energy Ltd. is pleased to announce, that further to its press release dated July 15, 2024, the Company has closed its fully subscribed non-brokered private placement . The Company issued a total of 29,848,686 units for aggregate gross proceeds of $4,447,303. Each unit consists of one common share of the Company and one share purchase warrant with each Warrant entitling the holder to acquire an additional common share [...]

MCF Energy Ltd. announces that it has increased the size of its fully subscribed financing previously announced on July 3, 2024, from $2,500,000 to up to $4,400,000 . The Offering, as amended, will consist of up to 29,333,333 units at a price of $0.15 per Unit. Each Unit will consist of one common share and one full common share purchase warrant with each Warrant entitling the holder to acquire an additional common share [...]

MCF Energy Ltd. is pleased to announce a non-brokered private placement for aggregate gross proceeds of $2,500,000. The Offering will consist of 16,666,667 units at a price of $0.15 per Unit. Each Unit will consist of one common share and one full common share purchase warrant with each Warrant entitling the holder to acquire an additional common share at an exercise price of $0.16 for a period of 24 months from the date [...]

VANCOUVER, BC, June 27, 2024 /CNW/ - Trading resumes in: Company: MCF Energy Ltd. TSX-Venture Symbol: MCF All Issues: Yes Resumption : 3:45 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading [...]

MCF Energy Ltd. is pleased to announce the receipt of a final permit from the Southern Bavaria Mining Authority for exploratory drilling of the Kinsau 1A well, located in the Lech Concession. Drilling and completion are scheduled to start in September 2024. The Kinsau 1A drilling project is a re-entry and redrill of the Kinsau #1 discovery well, originally drilled in 1983 by Mobil, which produced impressive test results [...]

Preliminary data analysis of recovered hydrocarbons from downhole sampling indicates condensate-rich gas to light oil from the Steinalm formation MCF Energy Ltd. is pleased to advise the Welchau-1 well drilling operations were concluded following release of the rig at 4.00 pm CET on the 28th of March 2024. The Welchau-1 well was drilled utilizing the RED E200 drill rig in the ADX-AT-II exploration licence in Upper [...]

Production casing to be installed at Austria's Welchau-1 discovery of extensive condensate and oil-rich gas shows; full testing set for October 2024 Advances at Germany's Lech concession: Kinsau-1A drillsite prep underway; final permits and drill rig procurement anticipated in coming weeks Land access for MCF Energy's Lech East secured; high-impact drilling anticipated in 2024 Planning underway for Summer 2024 drilling [...]

Welchau-1 Intersects 115 Metres of Condensate-Rich Gas at Target Formation MCF Energy Ltd. is pleased to announce a potentially significant gas and condensate discovery at the Welchau-1 well in Austria. The well encountered 115 metres of rich gas shows between 1,452 metres and 1,567 metres with strong evidence of natural fracturing, essential for gas production performance. A hydrocarbon seal was confirmed above the [...]

Promising Trip Gas Shows and Evidence of Fracturing in Early Drilling: MCF Energy Ahead of Schedule in Austrian Gas Exploration MCF Energy Ltd. is pleased to announce a progress update on the drilling of the Welchau-1 gas exploration well in Austria. The well successfully reached a depth of 1155 metres on March 10, advancing approximately 4 days ahead of its scheduled timeline. Minor hydrocarbon shows and fracturing [...]

Drilling Operations Report No 1 MCF Energy Ltd. is pleased to announce that the Welchau-1 gas exploration well was spudded on the 24th of February using the RED Drilling & Services GmbH E200 drill rig in the ADX-AT-II exploration licence in Upper Austria. Operations at 6.00 am on the 26th of February, the well drilled a 17 ½ inch hole at a depth of 125 metres where 13 3/8th inch casing was run in the hole and cemented [...]