MCF Energy Ltd. is pleased to announce an operational update for the Kinsau-1A well in Lech, Germany.
Genexco GmbH, a 100% subsidiary of MCF Energy Ltd., is a 20% partner in the Kinsau-Gas-Project. The Gas Project located in Southern Bavaria is currently progressing, with construction of the Kinsau-1A drill site completed. The regional Mining Authority in Bavaria (in German: Bergamt Südbayern) has inspected and approved the drill site so the location is now ready for drilling.
All long lead items have been purchased and will be delivered onsite. A rig contract has been signed with RED Drilling and mobilisation to the Kinsau-1A well site is anticipated after release from current operations in Austria in the coming few weeks.
It is projected that the Kinsau-1A well will drill for 30 days early in Q3 2025. After drilling is completed, testing will be performed with a workover rig, so well results will likely be known in the third quarter 2025. Discussions are occurring with a local pipeline company for future pipeline construction and offtake.
The well will provide Bavaria with yet another option to reduce dependency from imported energy by using domestic resources, as occurs in other hydrocarbon wells in Southern Bavaria.