MCF Energy is hunting massive natural gas exploration targets for European markets. The Company has already established a dominant position in Germany's natural gas exploration sector, and is earning into a significant Austrian project as well:

  • Licenses for four large-scale project areas in Northern and Southern German secured; portfolio drill testing expected to commence in 2H 2023
  • Giant Welchau prospect in Austria, to be spudded before September 2023, where MCF Energy is earning a 20% interest
  • Several other European hydrocarbon prospects under evaluation and regulatory application
The race for high-quality hydrocarbon assets in Europe is on. And MCF has secured two potentially significant assets in Europe’s safest jurisdictions.
Ford NicholsonStrategic Advisor to MCF Energy

100% Owned Genexco Portfolio

Reudnitz gas field structure contour map. Top Rotliegend reservoir.Click to enlarge
  • Acquisition of Genexco GmbH positions MCF Energy as a future leader in natural gas exploration in Germany, with operatorship of its projects, and an expert in-country team
  • 100% ownership of four licences at German natural gas exploration and development projects, including Reudnitz, located 70KM SE of Berlin in a rural area, discovered in 1964 with multi-zone hydrocarbon potential
  • Proprietary database for 10 additional project areas including geological, seismic and well data; significant projects are under application with acquisition consideration tied to their success
  • Drilling planned at Genexco Gas GmbH in 2H 2023, where MCF holds a 20% interest, and the first well is carried up to EUR 5M. Previous drilling at an adjacent site showed commercial gas at current prices

Welchau Prospect

Welchau prospect mapClick to enlarge
  • Located in the foothills of the Austrian Alps; analogous to large anticline structures discovered in Kurdistan and the Italian Apennines
  • Drilling anticipated before September 2023; MCF Energy will earn a 20% interest for estimated exploration drill costs of EUR 1.91M
  • Up-dip from 1989 gas discovery (Molln-1 well) which intersected a greater than 400m gas column; tested condensate rich, pipeline quality gas
  • Short tie-in distance to the national gas pipeline network of approximately 18 km