MCF Energy is pleased to announce the sale of all of company assets in the Czech Republic to Third Source Energy. This transaction includes 100 percent of MCF Energy Ltd.'s Czech assets comprising the company's shareholding in Orionos Energy, its subsidiary Lomenska Tezebni, and all associated assets, licenses, and inventory. The total consideration for the transaction including a contingent royalty is C$6,478,000 [...]
MCF Energy is pleased to announce an operational update for the Kinsau-1A well in Lech, Germany. Genexco GmbH, a 100% subsidiary of MCF Energy, is a 20% partner in the Kinsau-Gas-Project. The Gas Project located in Southern Bavaria is currently progressing, with construction of the Kinsau-1A drill site completed. The regional Mining Authority in Bavaria has inspected and approved the drill site so the location is now [...]
MCF Energy Ltd. is pleased to provide an update the continuing operations update for the company projects. Czech Republic The Company currently holds 6880 acres in three production licences with three drilled wells and 42,551 acres in three exploration concessions in the Czech Republic. The company is currently working to return two of the three wells back to production: NP-823 and LM-3 wells. The necessary production [...]
MCF Energy Ltd. is pleased to provide an update the continuing testing of the Welchau-1 well in Austria. Background The upper part of the Reifling formation has been perforated and an initial flow test conducted. The initial flow test did not result in sufficient flow into the well bore for reservoir fluids to enter the tubing string and allow the Reifling reservoir fluid composition to be determined or sampled. Sampling [...]
MCF Energy Ltd. is pleased to provide an update on Reudnitz Gas field testing and development operations and wellsite preparation for the Kinsau-1A well at Lech, Germany. Genexco GmbH holds a 100% interest in the Reudnitz RZ2 gas discovery well on the Reudnitz Exploration Licence. The Reudnitz gas field testing and development operations continue with the Phase 1 testing completed and the Phase 2 plans submitted to the [...]
Welchau-1 Reifling Test Interval MCF Energy Ltd. provides an update on production testing at the Welchau-1 well in the ADX-AT-II licence in Upper Austria. Following testing of the Steinalm formation, the Steinalm testing perforations have been isolated with a packer and a new test completion was run in the well to perforate and test the upper section of the 128-metre thick Reifling formation. On November 28, 2024 three [...]
MCF Energy Ltd. provides an update on current and planned operations in the Czech Republic. The Company is actively pursuing the commencement or restoration of gas production at its NP-823, LM-3 and NT-2 wells. NP-823 Well Reactivation: The NP-832 well is anticipated to be reactivated following inspection, testing and installation of a dehydration unit. The on-production date for NP-823 is estimated to be January 15th [...]
Welchau-1 First Test Interval Kinsau-1A Wellsite Preparation VANCOUVER, BC, Nov. 27, 2024 /CNW/ - MCF Energy Ltd. provides an update on production testing at the Welchau-1 well in the ADX-AT-II licence in Upper Austria, and wellsite preparation for the Kinsau-1A well at Lech, Germany. First Test of Steinalm Formation, Welchau-1, Austria MCF Energy and its Welchau Investment Area partner and licence operator ADX Energy [...]
Initial flows from first test interval yields a combination of drilling mud, formation water, gas and traces of oil from the unstimulated perforated interval at a liquid rate between 240 to 290 barrels per day. MCF Energy Ltd. is pleased to advise that operations work for the production testing is well underway at the Welchau-1 well in the ADX-AT-II licence in Upper Austria. MCF holds a 25% economic interest in the [...]
Flow testing of 450 metres of hydrocarbon shows is expected to commence in approximately one week MCF Energy Ltd. is pleased to advise that preparations for flow testing the Welchau-1 well, located in the ADX-AT-II licence in Upper Austria, are progressing as planned. Since mobilization of the RED Drilling & Services W-102 workover rig , together with ancillary equipment on the 4th and 5th of November 2024, the Workover [...]
MCF Energy Ltd. is pleased to advise that operations have commenced in preparation for production testing the Welchau-1 discovery well in the ADX-AT-II licence in Upper Austria. MCF holds a 25% economic interest in the Welchau Investment Area which contains the Welchau-1 discovery and other emerging prospects in the Northern Calcareous Alpes. An Environmental Clearance has been received from the Department of Nature [...]
MCF Energy Ltd. is pleased to announce an operations update for projects in Austria and Germany. Austria The target date to commence operations is November 4 2024. The Welchau-1 well test program is designed to confirm the hydrocarbon characteristics, determine well productivity, the potential connected volumes and ultimately an estimate of recoverable resource volumes from future potential development wells. Austria [...]