Business
MCF Energy (currently Pinedale Energy) to Acquire Large-Scale Austrian and German Hydrocarbon Assets; Focused on Delivering Domestic Natural Gas for Europe's Energy Security
MCF Energy (currently Pinedale Energy) to Acquire Large-Scale Austrian and German Hydrocarbon Ass...
About this update from Mcf Energy Ltd
[{"type":"text","content":"\n \n \n \n MCF Energy (currently Pinedale Energy) to Acquire Large-Scale Austrian and German Hydrocarbon Assets; Focused on Delivering Domestic Natural Gas for Europe's Energy Security\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Highlights:\n \n \n \n \n MCF Energy acquires European energy interests, including giant Welchau prospect in\n \n Austria\n \n to be spudded before\n \n Sept 2023\n \n ; German prospect within a proven gas field\n \n \n Incoming MCF Energy leadership co-founded\n \n Europe\n \n focused Bankers Petroleum, which grew oil production by 2000% and achieved a peak market capitalization over\n \n $2.25 billion\n \n , as well as BNK Petroleum, formerly\n \n Europe's\n \n largest subsurface landholder of oil and gas leases\n \n \n \n $8.5 million\n \n private placement proposed fully subscribed with commitments from incoming management, insiders and institutions\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 29, 2022\n \n \n /CNW/ -\n \n Pinedale Energy Limited\n \n (TSXV: MCF.H) (\"MCF\" or the \"Company\") (being renamed MCF Energy Ltd.) is pleased to announce that on\n \n November 29, 2022\n \n , it has entered into an assignment agreement and exclusive partnership with Kepis & Pobe Financial Group Inc. (\"\n \n KPFG\n \n \"), a leader in energy finance and development, to establish MCF as an active explorer and developer of new natural gas discoveries in\n \n Western Europe\n \n . Today's announcement provides MCF with significant hydrocarbon exploration assets in constrained markets, an accomplished leadership team with deep expertise in\n \n Europe\n \n , and initial capital to fund its commitments.\n \n \n \"MCF Energy was founded to strengthen\n \n Europe's\n \n energy security and provide critical resources for the energy transition,\" commented\n \n James Hill\n \n , incoming CEO. \"Our vision is to leverage our expertise and capital to build the dominant new clean oil and gas company in\n \n Europe\n \n and deliver value for all stakeholders.\"\n \n \n \"Our group began seriously eval...