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Pinedale Energy ( (TSE:MCF) ) has provided an update.
MCF Energy Ltd. has announced an update on its operations in Germany, specifically regarding the Kinsau-1A well, the Reudnitz gas field, and the Erlenwiese licence. The Kinsau-1A well, a re-entry and redrill of a previous discovery, has reached a depth of 3310 meters and shows promising gas indications with higher porosity than the original well. Testing is expected to begin in early 2026, potentially impacting Germany’s energy security by providing a lower carbon footprint alternative to imported gas. Additionally, MCF Energy received extensions for the Reudnitz and Erlenwiese licences, allowing further exploration and development, which could strengthen the company’s position in the European natural gas market.
More about Pinedale Energy
MCF Energy, established in 2022 by leading energy executives, focuses on enhancing Europe’s energy security through the responsible exploration and development of natural gas resources within the region.
Average Trading Volume: 392,215
Technical Sentiment Signal: Hold
Current Market Cap: C$14.24M
See more insights into MCF stock on TipRanks’ Stock Analysis page.