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MCF Energy and Genexco Gas Granted Permit for drilling of the Kinsau 1A Well in Germany; Partner-Funded Drilling to Begin in September 2024
MCF Energy and Genexco Gas Granted Permit for drilling of the Kinsau 1A Well in Germany; Partner-...
About this update from Mcf Energy Ltd
[{"type":"text","content":"\n \n \n \n MCF Energy and Genexco Gas Granted Permit for drilling of the Kinsau 1A Well in Germany; Partner-Funded Drilling to Begin in September 2024\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 27, 2024\n \n \n /CNW/ - MCF Energy Ltd. (TSX.V: MCF) (FRA: DC6) (OTCQX: MCFNF) is pleased to announce the receipt of a final permit from the Southern Bavaria Mining Authority for exploratory drilling of the Kinsau 1A well, located in the Lech Concession. Drilling and completion are scheduled to start in\n \n September 2024\n \n .\n \n \n The Kinsau 1A drilling project is a re-entry and redrill of the Kinsau #1 discovery well, originally drilled in 1983 by Mobil, which produced impressive test results of over 24 million cubic feet (MMCF) of gas and condensate per day.  Mobil drilled the Kinsau #1 well to a depth of 3940 metres, where it encountered basement rocks. Gas and condensate indications were found within the Jurassic Purbeck Formation at 3,179 metres. The well was completed by stimulating it with acid and tested over a 22.5-metre perforated interval. The entire well test took 3.5 months to complete. A variable rate test was conducted on\n \n July 28th to 29th\n \n , with three flowing rates reported: 7,712 thousand cubic feet per day (MCFD) at 2,973 psi, 14,832 MCFD at 2,785 psi, and 24,706 MCFD at 1,871 psi. The total test pressure dropped from 4,110 psi to 4,090 psi (283.4 to 282 bar). The test resulted in a recovery of 45.9 MMCF of gas and 1,510 barrels of condensate. These test results are not necessarily indicative of long-term performance or of ultimate recovery.\n \n \n MCF Energy plans to leverage existing infrastructure to minimize costs and en...