Pinedale Energy (TSE:MCF) has released an update.
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Pinedale Energy has reported significant progress with their Welchau-1 well in Austria, revealing extensive oil and gas condensate deposits with plans for full testing in October 2024. Concurrently, preparations are advancing for drilling in Germany’s Lech concession, including securing land access and anticipating high-impact drilling in 2024. Additionally, the company is planning a drilling program in the Czech Republic for Summer 2024, targeting early production.
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