Pinedale Energy Limited (TSE:MCF) has released an update.
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MCF Energy Ltd. is set to commence an extended testing program on the Welchau-1 well in Upper Austria, aiming to confirm hydrocarbon characteristics and estimate recoverable resources. The company, which holds a 25% stake in the exploration area, has completed preparations for the tests slated to begin on October 15, 2024, following promising findings from the initial drilling phase.
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