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Pinedale Energy ( (TSE:MCF) ) has shared an update.
MCF Energy Ltd. has commenced drilling operations on the Kinsau-1A well in Lech, Germany, a project that revisits the Kinsau-1 discovery well originally drilled by Mobil in 1983. The drilling aims to explore the Jurassic Purbeck carbonate interval, which previously showed high rates of gas and condensate. The project is significant as it could validate the Paradise Machine Learning and AI analysis that suggests additional resources in the area, potentially enhancing Germany’s energy security by tapping into domestic natural gas resources.
More about Pinedale Energy
Average Trading Volume: 172,482
Technical Sentiment Signal: Hold
Current Market Cap: C$14.24M
See more insights into MCF stock on TipRanks’ Stock Analysis page.