Pinedale Energy Limited (TSE:MCF) has released an update.
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MCF Energy has reported the initial results from testing the Steinalm formation at the Welchau-1 well in Austria, revealing a flow of liquid with traces of oil. Additionally, the company is preparing for further drilling activities at the Kinsau-1A site in Germany, highlighting its ongoing exploration efforts in Europe.
For further insights into TSE:MCF stock, check out TipRanks’ Stock Analysis page.
