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MCF Energy Secures Significant Oil and Gas Concession in Western Germany
MCF Energy Secures Significant Oil and Gas Concession in Western Germany Canada NewsWir...
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[{"type":"text","content":"\n \n \n \n MCF Energy Secures Significant Oil and Gas Concession in Western Germany\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 \n VANCOUVER, BC\n \n \n ,\n \n \n Sept. 25, 2023\n \n \n /CNW/ -\n \n MCF Energy Ltd.\n \n (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\n \n Western Germany\n \n , granted on\n \n September 18, 2023\n \n , by the Hessen Ministry of Environment, Climate, and Energy, through its mining authority granted for an initial term of three years.\n \n \n \n Highlights:\n \n \n \n \n Erlenwiese, an 87 km² exploration concession in\n \n Western Germany\n \n 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.\n \n \n The Central Graben is one of the most regionally prominent Mesozoic rift-structures within the larger Central European Basin system, spanning across several countries.\n \n \n 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.\n \n \n Strategically located southwest of\n \n Frankfurt\n \n , and within 125 km of oil refining and natural gas processing infrastructure, Erlenwiese is potentially relevant to\n \n Europe's\n \n long-term energy security and independence.\n \n \n \n \n \n \n \n \n \n \n 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...