Mcf Energy Ltd · TSXV:MCF
Mcf Energy — Investor Presentation (April 2024)
30 slides from Mcf Energy's investor presentation, April 2024
Slide 1: Delivering Large-Scale Natural Gas Exploration for Europe's Energy Crisis
Delivering Large-Scale Natural Gas Exploration for Europe’s Energy Crisis April 2024 Corporate Presentation MCF Energy Ltd. (Formerly Pinedale Energy Limited) 1
Slide 2: Investment Overview
Investment Overview Strong Upside Case ● Clear path to significant German gas production with imminent, scalable drilling at Lech Concessions and production testing at Welchau (Austria); new production concessions (Czech Republic) with strategic relevance to Europe’s energy security Mar 2024 Welchau
Slide 3: The Opportunity: Austrian Welchau Gas Discovery
The Opportunity: Austrian Welchau Gas Discovery Well drilled to 1733 meters and Wireline Logs run. Estimated 115 meters of potential oil and gas bearing thickness. Linz Welchau Welchau Giant Gas Prospect 3
Slide 4: Welchau – Austrian Hydrocarbon Discovery
Welchau – Austrian Hydrocarbon Discovery Drill Depth: 1773 meters Main objective at 1452 meters – 300 meters deeper than projected with improved seal above the reservoir Reservoir (main target): Triassic Limestone Over 140 meters of potential oil and gas bearing Molln - 1 thickness. Encountered 115
Slide 5: Welchau-1
Welchau - 1 REFER TO ADVISORIES 5
Slide 6: Welchau MudLog with Image Log
Welchau MudLog with Image Log 1490 to 1550 Meters MD REFER TO ADVISORIES 6
Slide 7: Welchau Core Sample 1511 to 1519
Welchau Core Sample 1511 to 1519 Fractured Limestone REFER TO ADVISORIES 7
Slide 8: Runway in Germany
Runway in Germany A Lech Concession B Lech East C Reudnitz Kinsau-1A drillsite prep underway; 100% owned, 100 km2 block with 13 Approximately 70 kilometers Planning imminent re-entry of 1983 similar or identical seismic targets southeast of Berlin in a rural area, well which tested 24.7MMcf per day.
Slide 9: Location of the Kinsau Wells – Lech Concession
Location of the Kinsau Wells – Lech Concession REFER TO ADVISORIES 9
Slide 10: Kinsau-1A drill site on the Lech concession block
Kinsau-1A drill site on the Lech concession block Ready for drillsite construction REFER TO ADVISORIES 10
Slide 11: Drilling Kinsau-1 (1983)
Drilling Kinsau-1 (1983) Bohrung Kinsau 1: Abbildung aus Oil and Gas Journal Nov. 1983 11
Slide 12: Well result Kinsau-1 from the 1983 discovery
Well result Kinsau-1 from the 1983 discovery Drilling & Elevation 04.02.-06.05.1983, 691.5 m above mean sea level TD 3940m in Basement Top and Base Purbeck 3179 m (-2487.5m TVDSS) to 3249 m (-2557.5 m TVDSS) Gas/Condensate reservoir Top and Base Malm 3249 m (-2557.5 m TVDSS) to 3842 m (-3150.5 m TVD
Slide 13: Well result Kinsau-2 from the 1983 discovery
Well result Kinsau-2 from the 1983 discovery Drilling & Elevation 09.03. – 28.05.1983, 658.2 m above mean sea level TD 3400m within Upper Jurassic Malm, Total deviation 389.2 m to N, TVD to MD correction 33.8 m Top and Base Purbeck 3170 m (-2478.3m TVDSS) to 3212 m (-2524.8 m TVDSS) Purbeck Gas zone
Slide 14: Well result Kinsau-3 drilled in 1985
Well result Kinsau-3 drilled in 1985 Drilling & Elevation 14.02. – 18.04. 1985, 702.87 m above mean sea level TD 3371 m within Upper Jurassic Malm, Total deviation 157.7 m to N, TVD to MD correction 8.55 m at TD Top and Base Purbeck 3202 m (-2495.1m TVDSS) to 3244 m (-2537.3 m TVDSS) Purbeck Hydroca
Slide 15: Lech East Exploration Licence
Lech East Exploration Licence Lech East Concession Award August 2023 Drilling Q1 2024 Pilot gas production Q4 2024 Award Area 100 sq km First Exploration Period Three years Lech Concession REFER TO ADVISORIES 15
Slide 16: Proposed Locations Lech and Lech East From Seismic Analysis
Proposed Locations Lech and Lech East From Seismic Analysis 14 Proposed Locations 10 Development Locations 9 Shallow Zone Locations 4 locations on Lech 2 Development location Structure MapREFER Top Jurassic TO ADVISORIES 16
Slide 17: Production and Exploration Licences Czech Republic
Production and Exploration Licences Czech Republic Production Licenses 6880 acres Exploration Concessions 42,551 acres REFER TO ADVISORIES 17
Slide 18: NT Ridge Production Concession
NT Ridge Production Concession 13 PUD Locations 2 Probable Locations Independent Reserve Report NT Ridge Cash flow in 3rd Quarter REFER TO ADVISORIES 18
Slide 19: Independent Reserve 51-101 Report NT Ridge Concession
Independent Reserve 51-101 Report NT Ridge Concession REFER TO ADVISORIES 19
Slide 20: Reudnitz Gas Field
Reudnitz Gas Field Approximately 70 kilometers southeast of Berlin in a rural area, with proven phases: Helium (Approx. 0.2%) and methane (14-20%) associated with high nitrogen content (>80%) PLANNED DEVELOPMENT ● Pilot production test beginning in 2024 from horizontal well ● Cryogenic technology fo
Slide 21: Independent Resource Assessment
Independent Resource Assessment Gaffney Cline Associates (“GCA”) Derived Resource by Location HIGHLIGHTS and Classification UoM Contingent Perspective Total Resource • Deep inventory of prospective drilling inventory Germany – Gas Bcf 60.8 57.9 118.7 • Accompanying 2D seismic coverage across all Ger
Slide 22: Erlenwiese Exploration License
Erlenwiese Exploration License Award September, 2023 First Exploration Period Two years NEXT STEPS ● MCF Energy has acquired the latest 2D and is in the process of obtaining the available 3D seismic data. ● The 2D data is currently reprocessing for further interpretation and analysis. ● MCF Energy w
Slide 23: Erlenweise Prospect
Erlenweise Prospect Internal Resource Estimate 10 to 20 MMBO REFER TO ADVISORIES 23
Slide 24: Focused Executive Leadership
Focused Executive Leadership Jay Park, James Hill, Aaron Triplett, KC P. Geo CA, CPA Executive Chairman & Director CEO & Director CFO & Corporate Secretary Over 40 years experience advising Professional geologist with over 40 Chartered Accountant (2008) and governments and the world’s years of techn
Slide 25: Renowned Technical Advisors
Renowned Technical Advisors John Gaffney Deborah Sacrey Mark Enfield Ritchie Wayland John joined Gaffney, Cline & Deborah is an experienced geologist Mark has more than 30 years of Ritchie has experience in oil and gas Associates (GCA) in 2004 as a and geophysicist who has spent 45 experience in the
Slide 26: Independent Board of Directors
Independent Board of Directors General Wesley Clark Richard Wadsworth, Jeffrey Harder, P. Eng. FCPA, FCA, FCBV, ICD.D Director Director Director General Clark was Supreme Allied Mr. Richard Wadsworth is a Mr. Jeffrey Harder has more than Commander Europe of NATO from petroleum engineer with over 30
Slide 27: Experienced Strategic Advisors
Experienced Strategic Advisors Ford Nicholson Gordon Keep Ford Nicholson is a successful oil and gas entrepreneur with Gord Keep is an accomplished corporate finance professional experience in building public energy companies in Asia and and entrepreneur with experience in investment banking and Eur
Slide 28: Genexco Senior German Leadership
Genexco Senior German Leadership Senior leaders of Genexco have agreed to join MCF Energy in a consulting capacity, bringing their valuable in-house German operating expertise, in addition to becoming significant shareholders in the Company. These include: Peter Eckhard Oehms, a geologist and projec
Slide 29: Capitalization as of January 2024
Capitalization as of January 2024 Capital Structure # of Shares Common Shares 243,607,864 Proforma common shares Dilutive securities Stock options issued and outstanding 14,850.000 Finders’ Warrants @ $0.62/share (Expire March ‘24) 0 Proforma fully diluted common shares 258,457,864 29
Slide 30: Corporate
Corporate TSXV MCF Energy Ltd. (formerly Pinedale Energy Ltd) MCF.V Suite 3123 - 595 Burrard Street T. 604.609.6110 Vancouver, BC V7X 1J1 www.mcfenergy.com Auditor Legal Counsel KPMG LLP Farris LLP Calgary, AB Vancouver, BC Registrar & Transfer Agent Evaluation Engineer Investor Contacts Odyssey Tru