Today, we are lucky to have MCF Energy CEO James Hill with us. During the last month, the energy company has reported a series of positive developments and we are bullish on the direction the business is heading. We believe MCF Energy is flying under the radar and hope this interview can help answer the questions that our readers have.
- MCF Energy was established to pursue large-scale hydrocarbon exploration for Europe’s markets. Can you please tell our readers about the goals of the business?
The prospects we have selected and the additional projects we are pursuing are large in potential reserves and should help provide more energy for Europe. Our goal is to help Europe gain a bridge to renewables and not have to rely on expensive, and higher CO2 impact imports. We will grow our company through exploration and acquisition of producing assets with significant upside potential. This will translate into more energy security for Europe and greatly increased shareholder value.
- When it comes to the European natural gas market, how has MCF Energy been able to gain a first mover advantage in several key regions in the EU?
MCF Energy has a first mover advantage in Europe’s energy sector because of our extensive history and experience. Our management has successfully completed significant projects such as developing Europe’s largest heavy oil field and exploring for oil and gas in over six European countries. This has given us valuable expertise about where to look and how to operate, as well as the relationships necessary to get things done effectively. When we began searching for opportunities in Europe, we discovered a depressed energy sector that was severely lacking in capital. With the influx of cheap Russian gas and the rise of ESG movement, Europe’s domestic energy sector had been decimated. As a result, we were able to acquire the assets we wanted with little competition. We have evaluated many projects and we have found that there is still plenty of untapped potential in Europe. We believe that as the energy sector catches up to what we’re doing, there will be more competition. However, we will have grown into a much larger company by then with major assets secured.
- MCF Energy is led by a management team which has a proven track record of success in the energy sector. Can you please tell our readers about the team’s track record as we consider this to be an important aspect of the story?
The team at MCF Energy is top-notch when it comes to creating value for shareholders, especially in the energy industry in Europe. I personally led exploration and production efforts for Bankers Petroleum in Albania where Europe’s largest heavy oil field is located. At the peak the project was valued at over $2 billion. I also explored for oil and gas in over six different European countries, which led to our shareholders enjoying a return of 4000% from 2009-2011.
Co-Founder Ford Nicholson is a real asset for MCF Energy. He was previously Vice Chairman of Interoil, which was acquired by ExxonMobil for $2.5 billion, and he co-founded Nations Energy, which was bought for $1.9 billion in 2006. He’s a highly energetic and well-connected entrepreneur who is helping us pursue major opportunities.
Executive Chairman Jay Park has advised some of the world’s largest energy companies and governments on buying and selling energy and mineral assets. He was also the Chairman and CEO of Reconnaissance Energy Africa, where their shares went up 4000% after finding a promising oil deposit in Africa.
Frank Giustra is one of our larger shareholders and has extensive experience in financing large natural resource companies. In the past, he turned a $25 million company into the world’s biggest gold producer in just 9 years, which became Goldcorp (now Newmont Goldcorp).
We have some impressive people on our team, like Independent Director General Wes Clark, who was the Supreme Allied Commander Europe of NATO from 1997-2000. He led NATO forces to victory in Operation Allied Force, which saved over 1 million Albanians from ethnic cleansing. General Clark is an incredible asset for us in Europe and has plenty of expertise in energy and mineral companies.
Our advisor Deborah Sacrey is a remote sensing machine learning expert in oil and gas exploration, specializing in seismic analysis of both 2 and 3D data. Using the newest technology, she has made significant hydrocarbon discoveries in the US and has worked projects around the world.
I could keep going, but I’ll just say that MCF Energy is very fortunate to have such experienced and talented people on our team, helping us to succeed.
- What assets are owned by MCF Energy? Does the business plan to acquire additional assets or grow organically?
MCF Energy has valuable assets that we are working to improve even further. We are aggressively pursuing other opportunities that are large-scale and low risk that we plan to add to our portfolio. One of our big assets is our 20% stake in the Welchau prospect in Austria, which is a large anticlinal structure in the Austrian Alps. We plan to test it later this year, and if all goes well, we may increase our ownership to 40%. Since it’s only 18km from pipelines with potentially significant gas reserves, it could have a significant impact on Europe’s energy supply. We’re also in the process of acquiring Genexco, which has a great team of exploration experts with more than 10 promising projects in Germany. We’re working with our team in Germany to apply for the necessary permits and concessions for these assets. This is important because Germany is Europe’s largest gas importer and will have the greatest need for energy. Overall, we believe that we have the right assets to grow into a large and successful company.
- Due to the types of assets that are owned by MCF Energy, we believe the business has several major potential growth catalysts. Can you tell our readers about the most significant potential catalysts for the company?
The first is closing the Genexco acquisition, which will give us an amazing team of operators and a portfolio of projects in Germany. This portfolio will make us unique among small-cap companies and a German operating company with concessions in Germany. We are excited to share more details soon. Through Genexco, we will pursue a long runway of prospects and opportunities for the company. There is also the planned drilling of the Welchau prospect in Austria before Q3. We’re eager to explore the Welchau prospect and see if it will be as good as we feel it can be. There are many more developments on the horizon, so stay tuned for more updates.
- What separates MCF Energy from the competition and what makes the business unique?
At MCF Energy, we have an amazing team that is passionate about improving Europe’s energy security. We work together to find and evaluate prospects, explore new opportunities, access capital markets, and build relationships with local communities. Our team is highly skilled and dedicated to our mission. Our extensive research, combined with our strong relationships and experience, has allowed us to create a database of prospects throughout Europe, particularly in Germany. This valuable resource has helped us to identify new opportunities and to stay ahead of the competition.
- Can you tell our readers about the lower carbon footprint that is associated with natural gas that is produced in Europe?
At MCF we recognize and support the move to transition to newer and green energy sources. But we also realize that natural gas is the significant energy resource with the lowest carbon footprint that will bridge the gap to this new future. Because of the strictest environmental regulations in the world and shorter transportation distances, natural gas that is produced within the EU has a 30% smaller environmental impact compared to gas that is imported. This is from IOGP Europe.
- What are some of the most important potential achievements for the business in 2023 and beyond?
As we move forward into 2023, our team is excited about our very busy coming year. Our top priority is successfully testing the prospects we have in Austria and Germany, and our aggressive program of acquiring new projects and concessions. We are looking forward to sharing the results of this program with the world. We believe that these projects have the potential to make a significant impact on Europe’s energy security and to create great value for our shareholders. In addition to our ongoing projects, we’re always on the lookout for new opportunities that align with our mission and our values. We’re optimistic about the year ahead and believe that we have the right team, resources, and expertise to achieve our goals. We appreciate your interest in MCF Energy and look forward to sharing our story with you as we continue to grow and make a positive impact on Europe’s energy future.
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