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MCF Energy Announces Significant Gas Discovery in Austria
MCF Energy Announces Significant Gas Discovery in Austria Canada NewsWire W...
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[{"type":"text","content":"\n \n \n \n MCF Energy Announces Significant Gas Discovery in Austria\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: BOTTOM; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\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 Welchau-1 Intersects 115 Metres of Condensate-Rich Gas at Target Formation\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 18, 2024\n \n /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) (\"MCF\", \"MCF Energy\" or the \"Company\") is pleased to announce a potentially significant gas and condensate discovery at the Welchau-1 well in\n \n Austria\n \n . The well encountered 115 metres of rich gas shows between 1,452 metres and 1,567 metres with strong evidence of natural fracturing, essential for gas production performance. A hydrocarbon seal was confirmed above the primary target, mitigating a major risk with the project. The Welchau prospect, over 100 square kilometres, is near pipelines and offers numerous potential drilling sites. Initiatives for testing, detailed analysis, and forward planning are currently underway.\n \n \n The Welchau-1 well was drilled to a total depth of 1,733.1 metres using an 8 ½-inch bit. A suite of wireline logging tools, along with an MDT formation test tool, will be deployed for downhole pressure measurement, inflow testing, and formation fluid sampling in the targeted zones. Following the logging phase, a 7-inch production casing will be installed and cemented to secure the wellbore for subsequent testing, stimulation, and potential production activities.\n \n \n Above the primary target, drilling encountered a 380-metre section of the Lunz Formation, which has ef...