Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Fintech PR

Europe’s Secret Weapon In Its Energy War With Russia




 FN Media Group Presents Market Commentary

LONDON, March 12, 2024 /PRNewswire/ — If Germany fails to make up for its winding down of Russian natural gas imports, high-priced LNG imports, delayed nuclear power phaseout, and even restarting of dormant coal plants will be the outcome.   That consensus led Berlin, in early February, to earmark $16 billion for the construction of four major natural gas plants to meet electricity demand, in addition to expansion of renewable energies.   Companies mentioned in this release include: Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), Enbridge Inc. (NYSE:ENB), Golar LNG Limited (NASDAQ:GLNG), Transocean Ltd (NYSE:RIG).

While Germany has struggled strategically and politically in its effort to balance its climate change goals with its energy security needs, Austria has not only refrained from turning off the Russian gas taps—opting for a gradual approach–but it’s also recently made the country’s largest natural gas discovery in 40 years. 

Canadian small-cap explorer MCF Energy (MCF.V; MCFNF.QX) has scooped up previously explored and tested projects in Germany and large prospective targets in Austria at what may be the most significant time in Europe’s energy supply history.

Drilling recently launched in Austria (and as of 11th March the company has just confirmed an active petroleum system at the well site), and is planned to start in Germany in April.  

On the Heels of OMV’s Giant Discovery

Of key interest here to Europe will be MCF’s initial project in Austria, the  Welchau prospect near the Alps, where drilling will begin in just a few days. 

MCF Energy’s  Welchau prospect appears analogous to large anticline structures discovered in the Kurdistan Region of Iraq and the Italian Apennines, and adjacent to an up-dip discovery that intersected a gas column and has a potential for 400 meters of closure.

All elements look to be in place for a significant discovery, with a best-estimate technical prospective resource of approximately 807 billion cubic feet of gas, proximity to the national gas pipeline system (~18km), and a nearby historic gas discovery. Welchau is targeting the same reservoirs as the nearby Molln-1 well, which tested gas in 1989.

A national gas pipeline network is only 18 kilometers away, making for what could be a short, cheap tie-in option for getting products to domestic markets. 

MCF will earn a 25% interest for exploration drill costs estimated at 2.55  million euros, which represents MCF’s 50% share in drilling costs.

Drilling Down for German Energy Security

In Germany, where MCF’s drill heads in April, the company is re-opening an oil and gas play that spans over 100 square kilometers, in the Lech and Lech East concessions.

Lech (10 square kilometers) and Lech East (100 square kilometers) concessions hold natural resources riches that have already seen two discoveries and three previous wells drilled.

In April, MCF (MCF.V; MCFNF.QX) will re-enter Mobil’s former Kinsau #1 well, adapting new drilling technology and later horizontal wells to stimulate the hydrocarbons that are already known to exist. MCF Energy is targeting  potentially  billions  of cubic feet of recoverable natural gas—and possibly more, with associated condensate. 

These shallow wells, cheap to drill, from proven, previously drilled holes could translate into quick cash flow for MCF Energy. And one hit could flare out into multiple development zones for each well.

MCF’s Reudnitz concession, a large-scale natural gas prospect initially discovered in 1964, is the third German asset, with MCF stating an independent assessment estimated  118.7 billion cubic feet of natural gas for extraction, noting that the resourses  are similar to other gas fields in northern Germany  with nitrogen also present. MCF also disclosed that the gas in Reudnitz best estimate (P50) also contains  a potential for 1.06 BCF of helium and 4.4 million barrels of oil in a shallower target. Pilot test production using cryogenic technology for targeted helium and methane extraction and nitrogen sequestration is set to begin later this year.

The World’s 4th-Largest Economy, In Focus

MCF Energy has adopted a laser focus on Europe’s energy security requirements, which is most significantly emphasized by Germany, the largest economy of the European Union.

Germany has seen its bill for oil and gas imports soar since Russia invaded Ukraine. U.S. LNG exports to Europe soared in 2022 and 2023.

Expensive LNG is not a sustainable energy security strategy, nor is a return to coal feasible in terms of any reasonable climate change goals. Germany has been busy building grandiose LNG terminals, and is now gunning for big natural gas-powered electric plants, but even those plans will face risk without any domestic supply.  

MCF Energy (MCF.V; MCFNF.QX) believes the answer is found in domestic natural gas, the increasingly accepted bridge fuel for a green energy transition. This belief translates into the first new public company with exposure to European natural gas since Russia invaded Ukraine. 

Other energy companies to keep an eye on this year:

Halliburton Company (NYSE:HAL), a global giant in oilfield services, profoundly impacts the European energy sector through its innovative solutions and dedication to efficiency and sustainability. In Europe, where the energy landscape is rapidly evolving, Halliburton’s contributions to oil and gas exploration and production are invaluable.

Halliburton’s emphasis on digital transformation further distinguishes it within the industry. By harnessing the power of big data, AI, and machine learning, Halliburton is at the forefront of optimizing drilling and production processes.

With a vast array of innovative technologies for reservoir characterization, drilling, production, and processing, Schlumberger Limited (NYSE:SLB) supports Europe in maximizing its energy recovery, streamlining costs, and improving the environmental performance of oil and gas operations.

In Europe, Schlumberger’s role extends beyond traditional oil and gas services. The company is actively involved in pioneering solutions for the energy transition, including carbon capture and storage (CCS) technologies, geothermal energy exploitation, and the development of digital platforms that enhance operational efficiencies across the energy sector.

Enbridge Inc.’s (NYSE:ENB) strategic ventures into Europe through significant investments in offshore wind energy projects and energy transportation infrastructure signify a remarkable extension of its operational excellence beyond North American borders. Enbridge’s foray into the burgeoning offshore wind market in Northern Europe underscores its commitment to leading the energy transition towards more sustainable sources.

Enbridge’s pioneering efforts in carbon capture, utilization, and storage (CCUS) underscore its comprehensive approach to facilitating a sustainable energy transition globally, including Europe.

Golar LNG Limited (NASDAQ:GLNG) is a pioneer in the LNG sector thanks to its innovative floating LNG technology, which has revolutionized the way natural gas is liquefied, stored, and regasified, especially pertinent in Europe’s quest for energy diversification and security. By providing flexible LNG solutions that can be deployed closer to demand centers, Golar supports Europe in reducing its dependency on pipeline gas.

The company’s projects, aimed at reducing the carbon footprint of LNG operations, resonate with Europe’s stringent environmental policies and the broader global shift towards sustainable energy logistics.

Transocean Ltd (NYSE:RIG), with its specialization in deepwater and harsh environment drilling, is essential in unlocking new oil and gas reserves beneath Europe’s challenging sea conditions, particularly in the North Sea. The company’s commitment to incorporating advanced technology and sustainability into its operations is critical for adhering to Europe’s rigorous environmental and safety standards.

Transocean’s investment in next-generation drillships, which emphasize efficiency and reduced environmental impact, positions it as a leader in sustainable offshore drilling, directly aligning with Europe’s goals for cleaner energy extraction methods.

By. Charles Kennedy


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 high-priced LNG imports, delayed nuclear power phaseout, and even restarting of dormant coal plants will occur if Germany fails to sustainably make up for its winding down of Russian natural gas domestically; that renewable energy cannot yet bridge the gap in the energy transition, and resorting to coal would set things back drastically for the climate; that MCF Energy Ltd. (the “Company”) will complete the planned drilling and testing of its prospects later this year and early next year; that the previous test results of the Company’s projects will be indicative of future success in further drilling and testing; that Company’s projects will be successfully drilled and tested and contain commercial amounts of natural gas, oil and/or other energy resources; that successful drilling and testing on adjacent properties will be indicative of potential for drilling and testing success on the Company’s prospects;  that actual drilling and testing of the Company’s projects will confirm technical prospective estimates; that Europe will have and continue to have a strategic energy problem and price volatility for natural gas will continue to increase; that natural gas will continue to be accepted as a bridge fuel for a green energy transition; that costs for liquified natural gas will remain high and that LNG will not be a sustainable energy security strategy in Europe; that the Company can provide domestic natural gas to Germany and other European economies; that natural gas will remain classified as a sustainable energy source; that the Company’s concessions will be successfully drilled and tested and, if developed, will strengthen German and Austria energy security; 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 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 be able to complete the planned drilling and testing of its prospects later this year and early next year for various reasons; that the previous test results of the Company’s projects may not be confirmed with further drilling and testing; that Company’s projects may fail to contain commercial amounts of natural gas, oil, helium and/or other energy resources; that successful drilling and testing on adjacent properties is not indicative of any potential for drilling and testing success on the Company’s prospects; that Europe may opt for alternative energy sources resulting in a decreased demand for natural gas, even in the event that the Company can develop gas resources; 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 or remain classified as sustainable energy or may be replaced by other energy sources; 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

View original content:

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

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,c3956826

The following files are available for download:

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

EQT AB Group


View original content:

Continue Reading

Fintech PR

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.”

Photo –

Cision View original content to download multimedia:

Continue Reading

Fintech PR

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

Logo –

Cision View original content:

Continue Reading