- MCF Energy (MCF), formerly Pinedale Energy, is now trading on the TSXV
- The listing follows the finalized acquisition of large-scale natural gas projects in Austria and Germany and an C$8.5 million equity financing
- The company expects to drill-test its Austrian project this year led by a management team with almost 20 years of European oil and gas experience
- MCF Energy is a natural gas exploration company focused on mitigating Europe’s energy crisis
- MCF Energy (MCF) is up by 128.95 per cent trading at $0.435 per share
MCF Energy (MCF), formerly Pinedale Energy, is now trading on the TSXV.
The listing follows the finalized acquisition of large-scale natural gas projects in Austria and Germany, the appointment of a highly experienced team, and the closing of an C$8.5 million equity financing.
MCF expects to drill-test its Austrian project this year.
Principals of MCF have almost 20 years of experience in the European oil and gas sector, including the revitalization of Europe’s largest heavy oil field and the execution of one of the continent’s largest exploration campaigns.
Given geopolitical tensions with Russia, the source for about 25 per cent of the continent’s gas needs, MCF’s listing coincides with a critical time for Europe to develop a cleaner, cheaper and safer natural gas industry.
WTI remains at a five-year high of US$75 per barrel, despite a recent downturn due to aggressive central bank policy to combat inflation.
The company is actively pursuing additional opportunities with large-prize sizes that require low up-front capital.
“MCF Energy believes the answer to Europe’s energy security lies right beneath the surface,” stated James Hill, MCF’s CEO. “We are excited to commence trading on the TSXV, a leading marketplace for international energy exploration companies with high environmental standards.”
“Investors play a critical role in our mission to build the dominant gas exploration company and help Europe build its own bridge to renewables,” he added. “We look forward to working closely with the TSXV and our partners to bring the expertise, capital and confidence needed to make significant new discoveries.”
MCF Energy is a natural gas exploration company focused on mitigating Europe’s energy crisis. It is the first new public venture consolidating giant gas prospects in Europe since the Russia-Ukraine war.
MCF Energy (MCF) is up by 128.95 per cent trading at $0.435 per share as of 11:45 am EST.