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Pinedale Energy ( (TSE:MCF) ) has issued an update.
MCF Energy Ltd. has announced updates on its operations in Germany, focusing on the Kinsau-1A well in Lech and the Reudnitz Z2a well. The Kinsau-1A well, a re-entry and redrill of a previous discovery, is set to begin drilling soon, with results expected later in the third quarter of 2025. This project could potentially enhance energy independence in Bavaria by utilizing domestic resources. Meanwhile, the Reudnitz Z2a well is undergoing Phase 2 testing to improve production, with Lime Petroleum considering acquiring a significant interest in the project. The outcomes of these operations could significantly impact MCF Energy’s market positioning and stakeholder interests.
More about Pinedale Energy
Average Trading Volume: 159,912
Technical Sentiment Signal: Hold
Current Market Cap: C$12.95M
See more insights into MCF stock on TipRanks’ Stock Analysis page.