MCF Energy is hunting massive natural gas exploration targets for European markets. The Company has already entered into an assignment and farm in agreement to acquire rights in two significant assets:

  • Giant Welchau prospect in Austria, to be spudded before September 2023, where MCF Energy can earn up to a 40% interest
  • Proven large-scale Reudnitz gas development asset in Germany, with an additional oil exploration target, where MCF Energy can earn a 50% interest
  • Several other German 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

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 can earn up to a 40% interest for estimated exploration drill costs of EUR 3.81 million
  • 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

Reudnitz Development & Runway

Reudnitz gas field structure contour map. Top Rotliegend reservoir.Click to enlarge
  • Reudnitz gas prospect, located 70KM SE of Berlin in a rural area, discovered in 1964 with multi-zone hydrocarbon potential
  • Reudnitz development in planning stages; focus on pilot production from 2014 well using cryogenic technology for helium and nitrogen sequestration, then modular development of Rdn-NW and other field segments
  • Strong runway for additional projects in Germany with partner Genexco, a proven operator in Europe with strong technical expertise; Several additional development and exploration prospects in Germany under evaluation and application
  • The Company will not undertake work programs at its German interests until relevant licenses are granted and acquisition of those interests is approved by the Exchange.