VANCOUVER, BC, Sept. 25,
2023 /CNW/ - MCF Energy Ltd. (TSX.V: MCF)
(FRA: DC6) (OTCQX: MCFNF) ("MCF Energy" or the "Company") is
pleased to announce the successful acquisition of a substantial
multi-zone oil and natural gas exploration concession
("Erlenwiese") spanning approximately 87 km² in Western Germany, granted on September 18, 2023, by the Hessen Ministry of
Environment, Climate, and Energy, through its mining authority
granted for an initial term of three years.
Highlights:
- Erlenwiese, an 87 km² exploration concession in Western Germany prospective for multi-zone oil
and natural gas development within the massive Central Graben
hydrocarbon system, has been granted to Genexco GmbH, a wholly
owned subsidiary of MCF Energy.
- The Central Graben is one of the most regionally prominent
Mesozoic rift-structures within the larger Central European Basin
system, spanning across several countries.
- MCF Energy has identified several targets featuring significant
development potential within the Pechelbronn and Rotliegend
structures, as well as shallower natural gas accumulations. Several
analogous and commercial discoveries underpin the forecast
development potential of Erlenwiese.
- Strategically located southwest of Frankfurt, and within 125 km of oil refining
and natural gas processing infrastructure, Erlenwiese is
potentially relevant to Europe's
long-term energy security and independence.
The multi-zone potential of this concession is pervasive across
the full stratigraphy of the Pechelbronn formation, across the
upper, middle, and lower beds. MCF Energy has acquired the
available 2D and is in the process of obtaining the 3D seismic
data. The 2D data is currently reprocessing for further
interpretation and analysis. Additionally, MCF Energy will perform
its own AI and machine-learning analysis to further supplement and
de-risk its geological and geophysical analysis.
Locally, activities focused on geothermal development have
further corroborated the energy development potential within this
concession. MCF Energy endeavours to collaborate with various
regional stakeholders focused on sustainable energy security and
independence.
Peter Eckhard Oehms, MCF Energy
Managing Director for Germany,
stated, "We continue to make great progress in acquiring large land
concessions prospective for petroleum and natural gas resource
accumulations. We are very pleased with this award and would like
to thank the local mining authority for its assistance throughout
the process."
James Hill, CEO and Director of
MCF Energy, stated, "We are committed to Germany's energy security and independence.
This award adds further depth to our inventory of prospects, as we
work diligently alongside our German counterparts, to deliver value
for all stakeholders."
About MCF Energy
MCF Energy was established in 2022 by leading energy executives
to strengthen Europe's energy
security through responsible exploration and development of natural
gas resources within the region. The Company has secured interests
in several significant natural gas exploration projects in
Austria and Germany with additional concession
applications pending. MCF Energy is also evaluating additional
opportunities throughout Europe.
The Company's leaders have extensive experience in the European
energy sector and are working to develop a cleaner, cheaper, and
more secure natural gas industry as a transition to renewable
energy sources. MCF Energy is a publicly traded company (TSX.V:
MCF; FRA: DC6; OTCQX: MCFNF) and headquartered in Vancouver, British Columbia. For further
information, please visit: www.mcfenergy.com.
Additional information on the Company is available at
www.sedar.com under the Company's profile.
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SOURCE MCF Energy Ltd.