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The latest announcement is out from Pinedale Energy ( (TSE:MCF) ).
MCF Energy Ltd. has announced an operational update on the Kinsau-1A well in Lech, Germany, where drilling operations have resumed on a well originally drilled by Mobil in 1983. The inspection and testing of the casing were successful, ensuring the protection of shallow groundwater resources. The drilling targets the Jurassic Purbeck carbonate interval, known for high gas rates, which could enhance Germany’s energy security by reducing imports and promoting the use of domestic natural gas resources.
More about Pinedale Energy
MCF Energy, established in 2022, focuses on strengthening Europe’s energy security through responsible exploration and development of natural gas resources. The company has secured interests in significant natural gas projects in Austria and Germany and is evaluating additional opportunities across Europe. MCF Energy aims to develop a cleaner, cheaper, and more secure natural gas industry as a transition to renewable energy sources.
Average Trading Volume: 227,341
Technical Sentiment Signal: Hold
Current Market Cap: C$12.95M
For an in-depth examination of MCF stock, go to TipRanks’ Overview page.