Pinedale Energy Limited (TSE:MCF) has released an update.
MCF Energy Ltd. has finalized an agreement for Lime Petroleum Holdings AS to potentially acquire up to an 80% interest in the Reudnitz gas exploration license in Germany, following a planned work-over of the RZ2 well. The deal, which could lead to Lime Petroleum becoming the operator, anticipates a significant development of the field that is estimated to contain over 118 BCF of methane and over 1 BCF of Helium, marking a step towards enhancing Europe’s energy security.
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