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.
Company Relationship Disclosure
OTB is responsible for the OTB opinions provided in this disclosure except all sources or information provided by other parties were not verified or authenticated and OTB does not undertake to confirm or substantiate or be responsible for such information provided by other parties.
Any Content posted regarding a Profiled Issuer is not a solicitation or recommendation to buy, sell or hold securities. We cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. All information should be independently verified. We are not responsible for errors or omissions in our publications, and any opinions expressed are subject to change, without notice. We do not, nor are we under any obligation to undertake due diligence or investigation or authenticate and verify whatsoever regarding Profiled Issuers or any Content posted in relation thereto and we do not receive any verification from the Profiled Issuer regarding the Content we disseminate. Similarly, while we endeavor to facilitate the provision of quality information, we are not responsible for any loss or damages caused or alleged to have been caused by its use nor verify or authenticate or update such information.
Pursuant to an agreement between Spotlight Media and MCF Energy Ltd. we have been hired for a period of 180 days beginning January 11, 2023 and ending July 11, 2023 to publicly disseminate information about MCF Energy Ltd. including on the Website and other media including Facebook and Twitter. We are being paid $3,000 per month by MCF Energy Ltd. and were paid “ZERO” shares of unrestricted or restricted common shares. We plan to sell the “ZERO” shares of MCF Energy Ltd. that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of MCF Energy Ltd. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.
This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws