Mcf Energy Ltd · TSXV:MCF
Mcf Energy — Investor Presentation (November 2023)
37 slides from Mcf Energy's investor presentation, Nov 13, 2023
Slide 1: Delivering Large-Scale Natural Gas Exploration for Europe's Energy Crisis
Delivering Large-Scale Natural Gas Exploration for Europe’s Energy Crisis November 2023 Corporate Presentation MCF Energy Ltd. (Formerly Pinedale Energy Limited) 1
Slide 2: Investment Overview
Investment Overview • First Mover Advantage • MCF Energy is the first modern public company consolidating large-scale exploration opportunities in Western Europe • Team with Strong European Track Record • CEO James Hill led exploration for Bankers Petroleum, which grew oil production in Europe by 20
Slide 3: The Solution: MCF Energy
The Solution: MCF Energy ● First new public company offering investors exposure to European gas since the outbreak of the war in Ukraine ● Deep expertise in European energy and track record in capital markets ● Significant natural gas prospects in Austria and Germany with a clear path to market and
Slide 4: European Energy Opportunity
European Energy Opportunity ● War in Europe has exposed Europe’s dependency on Russian energy ○ Russia’s gas restrictions have resulted in “the largest inflationary shocks in Europe since World War II, beating that of the oil crisis in the 1970s.” ○ The continent could be “heading towards deindustri
Slide 5: Independent Resource Assessment
Independent Resource Assessment Gaffney Cline Associates (“GCA”) Derived HIGHLIGHTS Resource by Location 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 6: Large-Scale Prizes in Western Europe
Large-Scale Prizes in Western Europe MCF has entered into an assignment and farm in agreement to acquire rights in several significant assets: ● The Welchau prospect in Austria, to be spudded before January 2024, where MCF Energy has a 20% interest; and ● Proven large-scale Reudnitz gas development
Slide 7: Our Story
Our Story In 2004, MCF Energy principals Ford Nicholson, General Clark, Richard Wadsworth, Gord Keep and Frank Giustra co-founded Bankers Petroleum (“Bankers”) to revitalize the Patos Marinza oil field in Albania, with James Hill as VP Exploration ● Production growth of over 2000% by 2015; Peak mark
Slide 8: Strong Capital Markets Track Record
Strong Capital Markets Track Record 2018 Lithium X Energy (Gord Keep and Frank Giustra, co-founders) acquired by NextView for C 2016 Bankers Petroleum (Ford $265 million 30 months post IPO. Nicholson, Frank Giustra and Gord Keep, co-founders,Jim Hill, VP of 2011 BNK Petroleum (Ford Exploration) acqu
Slide 9: 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 10: 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 11: Visionary Strategic Advisors
Visionary Strategic Advisors Ford Nicholson Gordon Keep Ford Nicholson is a successful oil and gas entrepreneur with Gord Keep is an accomplished corporate finance experience in building public energy companies in Asia and professional and entrepreneur with experience in Europe. He has held position
Slide 12: 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 13: Germany: Transformational Corporate Acquisition - Genexco
Germany: Transformational Corporate Acquisition - Genexco HIGHLIGHTS ● Establishes MCF Energy as an active operating company in Germany with expert local team ● MCF Energy gains 100% ownership of four licences at German natural gas exploration and development projects ● Portfolio to begin drill test
Slide 14: 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 proj
Slide 15: Expanding in Germany
Expanding in Germany PROJECTS UNDERWAY ● Lech – Concession in Bavaria covering 10 sq km with three previously drilled wells, two discoveries. Reentry of the Kinsau #1 well planned in Q4 of 2023. This well tested at a maximum flow rate of 24 MMCFD in 1983. ● Lech East – Concession recently granted 10
Slide 16: Germany: Significant Gas Concession Award
Germany: Significant Gas Concession Award HIGHLIGHTS ● Lech East, a 100 km² natural gas exploration concession in Bavaria, Germany, has been granted to a wholly owned subsidiary of MCF Energy. ● Modern 3D seismic interpretation, aided by machine learning and AI, has yielded promising prospects, offs
Slide 17: Location of the Kinsau Wells – Lech Concession
Location of the Kinsau Wells – Lech Concession REFER TO ADVISORIES 17
Slide 18: Potential Extent of the Accumulation
Potential Extent of the Accumulation REFER TO ADVISORIES 18
Slide 19: Drilling Kinsau-1 (1983)
Drilling Kinsau-1 (1983) Bohrung Kinsau 1: Abbildung aus Oil and Gas Journal Nov. 1983 REFER TO ADVISORIES 19
Slide 20: Well result Kinsau-1 (discovery)
Well result Kinsau-1 (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 21: Well result Kinsau-2 (discovery)
Well result Kinsau-2 (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) ● Top Malm: 3212 m
Slide 22: Well result Kinsau-3
Well result Kinsau-3 ● 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) ● Top Malm: 3244 m (-2
Slide 23: Lech East Exploration License
Lech East Exploration License Lech East Concession Award August 2023 Drilling 2024 Pilot gas production 2024 Award Area 100 sq km First Exploration Period Three years Lech Concession REFER TO ADVISORIES 23
Slide 24: 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 25: 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 26: Erlenweise Prospect
Erlenweise Prospect REFER TO ADVISORIES 26
Slide 27: Runway in Germany
Runway in Germany A Prospect Area B Prospect Area C Prospect Area Southern Basin - Application Northeastern Basin - Oil Shallow water carbonates with stage. Propose program to opportunity with over 100 proven hydrocarbon potential in rework/reprocess existing 2D and hydrocarbon fields ranging in siz
Slide 28: The Opportunity: Austrian Gas
The Opportunity: Austrian Gas Over 140 meters of potential oil and gas bearing Linz thickness! To be drill tested before Sept 2023. Welchau Welchau Giant Gas Prospect 28
Slide 29: The Opportunity: Austrian Gas - Welchau
The Opportunity: Austrian Gas - Welchau Previously drilled target well production test has significantly reduced risk on Gas quality and charge (high condensate yield of 40 bbls/mmcf from test) The quality of the top seal to hold a large gas column confirmed Good Reservoir productivity (3.5 mmcf teste
Slide 30: Austrian Gas Prospect Details - Welchau
Austrian Gas Prospect Details - Welchau Estimated Drill Depth: 2000 meters Main objective approx. 1,150 meters Reservoir (main target): Triassic Limestone Molln - 1 Over 140 meters of potential oil and gas bearing thickness Molln - 1 Source: Resources Audit Report Welchau Prospect, ADX-AT-II Concess
Slide 31: Commercial Terms - Welchau
Commercial Terms - Welchau In Austria, MCF Energy will fund up to 50% of the exploration drilling costs (est. € 3.81 million) for the Welchau Well to a vertical depth needed to test the target Triassic limestone to earn a 20% share of profit hydrocarbons. Current status update, as follows: ● A drill
Slide 32: Capitalization as of November 13, 2023
Capitalization as of November 13, 2023 Capital Structure # of Shares Common Shares 222,798,364 Proforma common shares Dilutive securities Stock options issued and outstanding 19,100,000 Finders’ Warrants @ $0.62/share (Expire March ‘24) 982,940 Proforma fully diluted common shares 242,881,304 REFER
Slide 33: Corporate
Corporate TSXV MCF Energy Ltd. (formerly Pinedale Energy Ltd) MCF.V Suite 3123 - 595 Burrard Street Vancouver, BC V7X 1J1 T. 604.609.6110 www.mcfenergy.com Auditor Legal Counsel KPMG LLP Farris LLP Calgary, AB Vancouver, BC Registrar & Transfer Agent Evaluation Engineer Investor Contacts Odyssey Tru
Slide 34: Advisories
Advisories Note to Investors This presentation has been prepared by management of MCF Energy Ltd. (the “Corporation”) for information purposes only. This presentation is not an offering document and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of the Cor
Slide 35: Advisories - Continued
Advisories - Continued Oil & Gas Advisories: Development on Hold are contingencies with major non-technical contingencies identified; have a reasonable chance of development (>50%); have contingencies that are beyond the control of the developer including but not limited to: external approvals, econ
Slide 36: Advisories - Continued
Advisories - Continued Notice to United States Persons This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities of the Corporation in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to re
Slide 37: Advisories - Continued
Advisories - Continued Abbreviations: Bcf billion cubic feet Bcfe billion cubic feet of natural gas equivalent Bbl barrels Boe barrels of oil equivalent M thousand MM million MMbbls million barrels of oil MMBOE million barrels of oil equivalent Mcfe thousand cubic feet of natural gas equivalent MMcf