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How Artificial Intelligence Could Trigger a Natural Gas Boom in Europe




FN Media Group Presents Market Commentary

LONDON, March 5, 2024 /PRNewswire/ — When the use of seismic surveys became commonplace, Oil and gas drillers used to drill only in spots the human eye could detect from seismic and other data, but that’s all changing now. The next round of onshore discoveries is being aided by new Artificial Intelligence and Machine Learning software that sees what we can’t, forever disrupting the exploration game. Companies mentioned in this release include: Alphabet Inc. (NASDAQ:GOOGL),, Inc. (NASDAQ:AMZN),, Inc. (NYSE:AI), Microsoft Corporation (NASDAQ:MSFT), International Business Machines Corporation (NYSE:IBM).

It’s been used around the world, and now, it’s being deployed in Austria and Germany by junior explorer MCF Energy (MCF.V; MCFNF.QX), the North American company that is the first to offer investors exposure to European natural gas since Russia invaded Ukraine. 

MCF saw the value of this technology early on and has used it extensively wherever possible in their search for gas in Europe, according to its CEO, James Hill.

Natural Gas Paradise Beyond the Human Eye


In the past, humans only picked prospects to drill visually from the 3D seismic aided by visual hydrocarbon indicators in the data. Now, thanks to new software, they can drill in places they never would have before. AI and Machine Learning see what we can’t. 

MCF Energy has both—the power of AI to see beyond the human eye, and prospects with a previously drilled well that produced gas in Austria, along with two previous discoveries in Germany. MCF has just started drilling at its Welchau prospect in Austria.

When this 40-day drill is complete, MCF is planning to move the drill rig to Germany, where it will re-open an oil and gas play of over 110 square kilometers in the Lech and East Lech concessions, which have already seen two historical discoveries and three previously drilled wells at Lech. 

They’re not drilling blind, or with limitations of the human eye. 

“The Machine Learning technology that MCF Energy is using allows for the computer to ‘see’ information within seismic data which the human eye cannot. This technology is a game changer and is only now being discovered by other operators,” MCF Energy’s Hill told recently.


Using Paradise software, MCF Energy’s key AI analyst, advisor Deborah Sacrey, has a prediction success rate of over 80% for drilling in areas that are not visual to humans on the data. She has 9 discoveries of this nature to her name, according to the company. 

Paradise software isn’t proprietary, but only a small field of experts have the ability to use it effectively, and MCF Energy (MCF.V; MCFNF.QX) has the advantage of having one of its developers on its board. 

The power of supercomputing has now reached the point of being able to sample data within a 3D seismic volume and break down the waveforms into over 50 “neurons” that each have different attributes of waves. Those “neurons” are then matched up to well information in both dry and producing wells. And comparing this treasure trove of data then yields a unique set of “neurons” that identify gas, oil, porosity and many other factors that control production. 

According to Sacrey, Paradise analyzes seismic data 15 times more densely than other existing software, allowing it to distinguish very thin beds of deposition in the subsurface and see thin streaks of porosity that the human eye cannot. 

Paradise’s Fault Detection uses deep learning and machine learning to detect faults automatically, and generates attributes to extract meaningful geological information. 


Paradise software applies Self-Organizing Map (SOM) unsupervised machine learning to reveal stratigraphic facies and their distributions, and captures facies based on distinctive seismic patterns using Convolutional Neural Network (CNN) deep learning technology. 

How AI Is Changing Exploration & Discovery

The oil and gas industry is AI’s and Machine Learning’s biggest cheerleader. 

Forbes calls the changes “profound,” noting that the world’s top 20 oil and gas producers all have major AI strategies for every point along the chain. 

Mordor Intelligence projected oil and gas spending on AI to close out 2023 at $2.38 billion, and to reach $4.21 billion by the end of 2028. 


Now, as MCF Energy (MCF.V; MCFNF.QX), prepares for its first drill in Germany, it’s armed with a significant AI and Machine Learning advantage for targeting drills in plays abandoned by supermajors decades ago, before Europe realized it couldn’t survive on cheap Russian gas anymore. 

MCF’s Lech prospect in Germany came with a modern 3D seismic survey of over 160 square kilometers of 3D seismic data to apply new Paradise Machine Learning technology to. “Using this,” said Hill, “we were able to identify the gas-bearing zones precisely and compare them to the rest of the area. We compared the known gas-bearing area in Lech with the rest of the survey covering Lech East and identified multiple prospects with great potential.” 

Paradise’s AI – Machine Learning Workbench distinguishes thin beds and Direct Hydrocarbon indicators while identifying and calibrating detailed stratigraphy and automatically detecting faults and revealing fracture trends. It also classifies seismic facies, isolates geobodies and calculates potential oil and gas volumes. 

“This proven technique greatly reduces the risk in drilling and helps target the best possible places and depths to drill these wells,” Hill said, adding that it has had a prediction success rate of over 80% when it comes to predicting the geology to identify previously unseen discoveries.

Big Tech is Turning the Oil and Gas Sector on Its Head 


Google Cloud, a product of Alphabet Inc. (GOOGL), is redefining the oil and gas industry’s approach to digital transformation with its cutting-edge AI and cloud technologies. Through strategic partnerships with industry leaders such as Schlumberger and Baker Hughes, Google Cloud is enabling these companies to leverage cloud computing, data analytics, and machine learning to optimize operations, enhance exploration efficiency, and reduce environmental impact.

The partnership with Schlumberger, for instance, has resulted in the DELFI cognitive E&P environment, which utilizes Google Cloud’s AI and data analytics capabilities to revolutionize oil and gas exploration and production.

Amazon Web Services (AWS), a product of Amazon (AMZN) has emerged as a key technology partner for the oil and gas industry, offering cloud services that enable companies like BP and Shell to harness the power of AI, machine learning, and data analytics for operational improvement and innovation.

The partnership with BP, for example, showcases how AWS’s cloud computing capabilities can accelerate digital transformation efforts, streamlining data management and enhancing decision-making processes. (AI) stands at the forefront of AI innovation in the oil and gas industry. Through partnerships with industry leaders like Baker Hughes and Shell, is directly contributing to the sector’s digital transformation, leveraging AI to tackle some of the most challenging operational issues faced by oil and gas companies.


The collaboration with Baker Hughes, forming the BHC3 alliance, exemplifies how AI technology can be applied to predict maintenance needs and optimize operations, thereby improving safety and reducing downtime. Shell’s deployment of’s applications showcases the potential of AI to impact operational decision-making and efficiency significantly, setting new standards for the industry.

Microsoft ( MSFT), through its Azure platform, is leveraging its cloud computing, AI, and machine learning capabilities to drive innovation and efficiency. And strategic partnerships with companies like Chevron and Schlumberger are fueling the digital transformation of the oil and gas sector.

The collaboration with Chevron, for instance, utilizes Microsoft’s cloud to streamline data analysis, enhancing the speed and efficiency of decision-making processes. Similarly, the partnership with Schlumberger through the DELFI environment integrates Azure’s AI and data analytics to innovate in exploration and production workflows.

IBM (IBM) is at the cutting edge of integrating AI and cognitive computing technologies into the oil and gas industry, significantly enhancing operational efficiencies and predictive capabilities. Even ExxonMobil and Halliburton are using its IBM Watson platform.

IBM’s collaboration with ExxonMobil leverages Watson’s power to analyze geological data and improve the accuracy of exploration activities. This partnership exemplifies how AI can transform data into actionable insights, leading to more efficient resource discovery and extraction processes.


By. James Stafford

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that large oil and gas companies will continue to focus on offshore natural gas resources; the impact of AI technologies on the oil and gas industry and its ability to identify valuable exploration targets; that domestic onshore natural gas assets in Europe will provide a more affordable energy source than offshore resources; that demand for natural gas will continue to increase in Europe and Germany; that Russia will not supply the majority of natural gas in Germany and Europe; that natural gas will continue to be utilized as a main energy source in Germany and other European countries and demand for natural gas, and in particular domestic natural gas, will continue and increase in the future; that MCF Energy Ltd. (the “Company”) can replicate the previous success of its key investors and management in developing and selling valuable energy assets; that the natural gas projects of the Company will be successfully tested and developed; that the Company can develop and supply a safe, domestic source of energy to European countries; that natural gas will be reclassified as sustainable energy which will support the development of the Company’s assets; that imports of liquified natural gas will not be sustainable for Europe and that European countries will need to rely on domestic sources of natural gas; that the Company expects to obtain significant attention due to its upcoming drilling plans combined with Europe desperate for domestic natural gas supply; that the upcoming drilling on the Company’s projects will be successful; that the Company’s projects will contain commercial amounts of natural gas; that the Company can finance ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the expected benefits from using AI technologies may not be as significant as expected, that large oil and gas companies will start focusing on the development of domestic natural gas resources; that the natural gas resources of competitors will be more successful or obtain a greater share of market supply; that offshore liquified natural gas assets will be favored over domestic resources for various reasons; that alternative technologies will replace natural gas as a mainstream energy source in Europe and elsewhere; that demand for natural gas will not continue to increase as expected for various reasons, including climate change and emerging technologies; that political changes will result in Russia or other countries providing natural gas supplies in future; that the Company may fail to replicate the previous success of its key investors and management in developing and selling valuable energy assets; that the natural gas projects of the Company may fail to be successfully tested and developed; that the Company’s projects may not contain commercial amounts of natural gas; that the Company may be unable to develop and supply a safe, domestic source of energy to European countries; that natural gas may not be reclassified as sustainable energy or may be replaced by other energy sources; that the upcoming drilling on the Company’s projects may be unsuccessful or may be less positive than expected; that the Company’s projects may not contain commercial amounts of natural gas; that the Company may be unable to finance its ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated; that the Company may be unable to finance its ongoing operations and development; that the business of the Company may be unsuccessful for various reasons. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.


This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by MCF Energy Ltd. for this article but may in the future be compensated to conduct investor awareness advertising and marketing for MCF Energy Ltd. While the opinions expressed in this article are based on information believed to be accurate and reliable, such information in our communications and on our website has not been independently verified and is not guaranteed to be correct. The content of this article is based solely on our opinions which are based on very limited analysis and we are not professional analysts or advisors.


SHARE OWNERSHIP AND NOTIFICATION OF BIAS. The owner of owns shares of MCF Energy Ltd. and therefore has an incentive to see the featured company’s stock perform well. The owner of will not notify the market when it decides to buy more or sell shares of MCF Energy Ltd. in the market. The owner of will be buying and selling shares of this issuer for its own profit. Accordingly, our views and opinions in this article are subject to bias, and we stress that you should conduct your own extensive due diligence regarding the Company as well as seek the advice of your professional financial advisor or a registered broker-dealer before you consider investing in any securities of the Company or otherwise. 

NOT AN INVESTMENT ADVISOR. is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. You should not treat any opinion expressed herein as an inducement to make a particular investment or to follow a particular strategy, but only as an expression of opinion. The opinions expressed herein do not take into account the suitability of any investment with your particular objectives or risk tolerance. Investments or strategies mentioned in this article and on our website may not be suitable for you and are not intended as recommendations.

ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making any investment. This communication should not be used as a basis for making any investment in any securities. Past performance is not indicative of future results.

RISK OF INVESTING. Investing is inherently risky. Do not trade with money you cannot afford to lose. There is a real risk of loss (including total loss of investment) in following any strategy or investment discussed in this article or on our website. This is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction. No representation is being made as to the future price of securities mentioned herein, or that any stock acquisition will or is likely to achieve profits.

DISCLAIMER: is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with or any company mentioned herein. The commentary, views and opinions expressed in this release by are solely those of and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.



This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact e-mail: [email protected] U.S. Phone: +1(954)345-0611




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Invitation to presentation of EQT AB’s Q1 Announcement 2024




STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting


The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision


The following files are available for download:

Invitation to presentation of EQT AB’s Q1 Announcement 2024,c3285895


EQT AB Group


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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs



  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”


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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update




VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.


BioVaxys Technology Corp. (, a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit and connect with us on X and LinkedIn.


Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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