MCF Energy begins onshore well in Germany, set to start drilling in Austria

MCF Energy announced an operations update for projects in Austria and Germany. In Austria, the target date to commence operations is 4 November 2024. The Welchau-1 well test program will confirm the hydrocarbon characteristics, determine well productivity, the potential connected volumes and an estimate of recoverable resource volumes from future potential development wells.

After testing and results are evaluated, the well may be drilled deeper to explore additional targets below the current zones. Based on current structural modeling, there remains over 1,000 m of exploration potential located below the current Welchau-1 well total depth.

In Germany, the Lech drill site construction for the Kinsau-1A well began on 15 October 2024 with the clearing of the site in preparation for exhuming of the Kinsau-1 well casing. The surface casing from the original well has been located and the abandonment cement exposed. This concrete will be removed and a new well head installed. A cellar will be opened, and the drill pad built around the site. It is estimated that the site will be drill ready by mid-December. Rig availability is being determined with drilling estimated to start in Q1 2025.

The first stage of the rework on the Genexco Reudnitz-Z2a horizontal well in the Reudnitz Gas Field has been completed with the flow-back of the freshwater soak to clear away the buildup of salts restricting flow from the well. The well was opened and the flow-back of the fluids began within the 5-inch casing string. Pressures within the well pushed over 30 barrels of water from the well and continued with a stable gas flow rate of over 1,000 cu m/hr.

During drilling of the Reudnitz 2Za well oil-stained core within the Zechstein carbonate were recovered. Oil bearing reservoirs are found within the Zechstein and GCA has estimated the potential for oil resources in the Zechstein Formation of 4.4 million barrels of oil.