MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) ("MCF", "MCF Energy" or the "Company") is pleased to announce that the Welchau-1 gas exploration well was spudded on the 24th of February using the RED Drilling & Services GmbH (RED) E200 drill rig in the ADX-AT-II exploration licence in Upper Austria.
This acquisition was driven by the opportunity to quickly start natural gas production by reopening three closed wells and using fifteen ready-to-drill si.
Austria could be on the verge of a breakthrough in its quest for energy security with the announcement of further developments regarding the Welchau gas prospect.…
<p>"Payment of EUR 1.93 million by MND to ADX for past costs and long lead drilling equipment satisfies final transaction condition"</p>
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Summary</p>
<p> The transaction announced on 7 August 2023 between ADX VIE GmbH (ADX) and MND Austria a.s.</p>