VANCOUVER, BC, Aug. 11, 2025 /CNW/ - MCF Energy Ltd. (TSX.V: MCF; FRA: DC6; OTCQX: MCFNF) is pleased to announce an operational update for the Kinsau-1A well in Lech, Germany.

Lech, Germany

The RED Drilling Rig 202 has completed rigging up at the Kinsau-1A drill site and testing the safety equipment. Drilling operations commenced on August 8th with the entry into the original 13 3/8-inch steel surface casing installed when Mobil drilled the Kinsau-1 discovery well in 1983. Despite testing at over 24 million cubic feet (MMCF) of gas and condensate per day, natural gas prices in 1983 did not warrant development, so Mobil shut in the Kinsau-1 well later abandoned it. The concrete abandonment plugs and kill mud have now been drilled out to the base of the steel casing to a depth of 1002 meters. No anomalies were found, and the cement plugs were hard and intact. The casing string will be pressure tested and inspected to confirm integrity before any deeper drilling is done. This casing protects the shallow ground water resources in this area. An offset water monitoring well has been drilled and will be monitored to confirm there is no impact to these resources.

VANCOUVER, BC, July 28, 2025 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) is pleased to announce the sale of all of company assets in the Czech Republic to Third Source Energy ("TSE"). 

This transaction includes 100 percent of MCF Energy Ltd.'s ("MCF") Czech assets comprising the company's shareholding in Orionos Energy s.r.o., its subsidiary Lomenska Tezebni s.r.o., and all associated assets, licenses, and inventory.

The total consideration for the transaction including a contingent royalty is C$6,478,000, comprised of a C$1,000,000 cash payment on completion, and a 10% gross overriding royalty ("GORR") on the portion of realized gas revenue using the Dutch Title Transfer Facility price in excess of USD $13.50 per mmbtu, applicable to future production from newly drilled wells, or deepened existing wells, on the licenses currently held by Orionos and Lomenska. The GORR is capped at US$4,000,000 (C$5,478,000). 

VANCOUVER, BC, June 4, 2025 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) is pleased to announce an operational update for the Kinsau-1A well in Lech, Germany. 

Genexco GmbH, a 100% subsidiary of MCF Energy Ltd., is a 20% partner in the Kinsau-Gas-Project. The Gas Project located in Southern Bavaria is currently progressing, with construction of the Kinsau-1A drill site completed.  The regional Mining Authority in Bavaria (in German: Bergamt Südbayern) has inspected and approved the drill site so the location is now ready for drilling.

VANCOUVER, BC, Jan. 14, 2025 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to provide an update the continuing operations update for the company projects. 

Czech Republic

The Company currently holds 6880 acres in three production licences with three drilled wells and 42,551 acres in three exploration concessions in the Czech Republic. The company is currently working to return two of the three wells back to production: NP-823 and LM-3 wells. The necessary production equipment has been moved onto the NP-823 well and is currently waiting on inspection before starting production. First production is anticipated in February.  The LM-3 well is a discovery well that has not been produced due to lack of pipeline hook up. Gas production from this well is anticipated to begin in April with the installation of a gas-powered generator to provide power to both data centres and bitcoin mining units. Excess power is planned to be sold into the local power grid. The third well, NT-2 is being inspected and repairs done before the well is returned to production. 

VANCOUVER, BC, Dec. 10, 2024 /CNW/ - MCF Energy Ltd. (TSX.V: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to provide an update the continuing testing of the Welchau-1 well in Austria. 

Background

The upper part of the Reifling formation has been perforated and an initial flow test conducted. The initial flow test did not result in sufficient flow into the well bore for reservoir fluids to enter the tubing string and allow the Reifling reservoir fluid composition to be determined or sampled.

VANCOUVER, BC, Dec. 9, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to provide an update on Reudnitz Gas field testing and development operations and wellsite preparation for the Kinsau-1A well at Lech, Germany.

Genexco GmbH (100% owned by MCF) holds a 100% interest in the Reudnitz RZ2 gas discovery well on the Reudnitz Exploration Licence.  The Reudnitz gas field testing and development operations continue with the Phase 1 testing completed and the Phase 2 plans submitted to the German mining authority, Laufzeit der Erlaubnis zur Aufsuchung (LNGR).  In Phase 1 the Reudnitz RZ2 horizontal well was reworked and tested at a stable flow rate of above 1,000 m³/hr at 5 bar.  Phase 2 will be additional stimulation and testing to improve production rates.  

Welchau-1 Reifling Test Interval

VANCOUVER, BC, Dec. 4, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") provides an update on production testing at the Welchau-1 well in the ADX-AT-II licence in Upper Austria.

Following testing of the Steinalm formation, the Steinalm testing perforations have been isolated with a packer and a new test completion was run in the well to perforate and test the upper section of the 128-metre thick Reifling formation. On November 28, 2024 three intervals were perforated in the upper Reifling including (1) 1,324 metres to 1,340 metres measured depth (MD) (16 metres), (2) 1,346 metres to 1,351 metres (5 metres) and (3) 1,358 metres to 1,382 metres (24 metres) MD (refer Figure 1).

VANCOUVER, BC, Dec. 2, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") provides an update on current and planned operations in the Czech Republic. 

The Company is actively pursuing the commencement or restoration of gas production at its NP-823, LM-3 and NT-2 wells.

NP-823 Well Reactivation: The NP-832 well is anticipated to be reactivated following inspection, testing and installation of a dehydration unit.  The on-production date for NP-823 is estimated to be January 15th 2025.

(1)  Welchau-1 First Test Interval (2)  Kinsau-1A Wellsite Preparation

VANCOUVER, BC, Nov. 27, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") provides an update on (1) production testing at the Welchau-1 well in the ADX-AT-II licence in Upper Austria, and (2) wellsite preparation for the Kinsau-1A well at Lech, Germany.

(1)  First Test of Steinalm Formation, Welchau-1, Austria

MCF Energy and its Welchau Investment Area partner and licence operator ADX Energy Ltd have completed the first flow test of the Steinalm formation in the Welchau-1 discovery well, located in the ADX-AT-II licence in Upper Austria. MCF holds an 25% economic interest in the Welchau Investment Area which contains the Welchau-1 discovery and other emerging prospects in the Northern Calcareous Alps.

Initial flows from first test interval yields a combination of drilling mud, formation water, gas and traces of oil from the unstimulated perforated interval at a liquid rate between 240 to 290 barrels per day.

VANCOUVER, BC, Nov. 20, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to advise that operations work for the production testing is well underway at the Welchau-1 well in the ADX-AT-II licence in Upper Austria. MCF holds a 25% economic interest in the Welchau Investment Area which contains the Welchau-1 well and other emerging prospects in the Northern Calcareous Alps. ADX Energy Ltd. is the operator of the Welchau-1 well.

Flow testing of 450 metres of hydrocarbon shows is expected to commence in approximately one week

VANCOUVER, BC, Nov. 13, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to advise that preparations for flow testing the Welchau-1 well, located in the ADX-AT-II licence in Upper Austria, are progressing as planned.

Since mobilization of the RED Drilling & Services W-102 workover rig (Workover Rig), together with ancillary equipment on the 4th and 5th of November 2024, the Workover Rig has been set up on the Welchau-1 well and surface testing equipment as well as materials have been mobilized to the well site. See Figures 1 and 2. The planned program is to test the 450 metres of hydrocarbon shows starting with the two major reservoirs, the deeper Steinalm and then the shallower Reifling formation.

VANCOUVER, BC, Nov. 6, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to advise that operations have commenced in preparation for production testing the Welchau-1 discovery well in the ADX-AT-II licence in Upper Austria. MCF holds a 25% economic interest in the Welchau Investment Area which contains the Welchau-1 discovery and other emerging prospects in the Northern Calcareous Alpes.

An Environmental Clearance has been received from the Department of Nature Protection of the State Government of Upper Austria to undertake production testing operations on the Welchau-1 well. The environmental clearance was the last regulatory requirement to commence continuous (24 hour) production testing operations for a period commencing from October 30, 2024 until March 31, 2025.

VANCOUVER, BC, Oct. 22, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to announce an operations update for projects in Austria and Germany. 

Austria

The target date to commence operations is November 4 2024. The Welchau-1 well test program is designed to confirm the hydrocarbon characteristics, determine well productivity, the potential connected volumes and ultimately an estimate of recoverable resource volumes from future potential development wells.

VANCOUVER, BC, Sept. 26, 2024  /CNW/ - MCF Energy Ltd. (TSX.V: MCF; FRA: DC6; OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to announce the planned well testing program for the Welchau-1 discovery in the ADX-AT-II exploration licence in Upper Austria.  MCF is a non-operator and holds a 25% economic interest in the Welchau Exploration Area and ADX Energy Ltd.("ADX") is the operator.

Background

The Welchau-1 well targeted the reservoirs encountered in the nearby, downdip Molln-1 discovery well that tested condensate rich gas in 1989. The Welchau-1 well intersected three primary carbonate reservoirs that are considered promising for testing and ongoing appraisal. The well was suspended on the 28th of March 2024 for future well testing after running and cementing 7-inch casing down to the well total depth ("TD") at 1,733 metres measured depth (refer to figure 1).

VANCOUVER, BC, Sept. 16, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF" or "MCF Energy" or the "Company") is pleased to announce an operational update on currently active projects. 

Austria – Welchau-1 Discovery Well

Subject to receipt of one remaining governmental approval, all plans are in place for a return to the Welchau wellsite to complete testing of the Welchau-1 discovery well which finished drilling in March with operations suspended due to seasonal restrictions in the Welchau-1 drilling and testing permit. The service rig is expected to be at the wellsite in early to mid-October to begin a multi-zone test of formations identified to be prospective based on well logs and MDT tests conducted in March. The Company expects to provide a number of updates during Q4 in coordination with the Welchau operator, ADX Energy. The Company has a 25% economic interest in the Welchau area, and ADX Energy has the remaining interest.

VANCOUVER, BC, Sept. 3, 2024 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) is pleased to announce the completion and execution through Genexco GmbH, a wholly owned subsidiary of MCF Energy, of a Heads of Agreement with Lime Petroleum Holdings AS ("Lime") for an option ("Option") to farm in on Genexco's 100% interest in the Reudnitz gas exploration licence in Germany.

An independent resource evaluation of the Reudnitz field by GCA Associates has estimated resources of over 118 BCF of methane and over 1 BCF of Helium.