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Sale of MCF Energy Assets in Czechia
Sale of MCF Energy Assets in Czechia

Cision Canada

time2 days ago

  • Business
  • Cision Canada

Sale of MCF Energy Assets in Czechia

VANCOUVER, BC, July 28, 2025 /CNW/ - MCF Energy Ltd. (TSXV: MCF) (FRA: DC6) (OTCQX: MCFNF) is pleased to announce the sale of all of company assets in the Czech Republic to Third Source Energy ("TSE"). This transaction includes 100 percent of MCF Energy Ltd.'s ("MCF") Czech assets comprising the company's shareholding in Orionos Energy s.r.o., its subsidiary Lomenska Tezebni s.r.o., and all associated assets, licenses, and inventory. The total consideration for the transaction including a contingent royalty is C$6,478,000, comprised of a C$1,000,000 cash payment on completion, and a 10% gross overriding royalty ("GORR") on the portion of realized gas revenue using the Dutch Title Transfer Facility price in excess of USD $13.50 per mmbtu, applicable to future production from newly drilled wells, or deepened existing wells, on the licenses currently held by Orionos and Lomenska. The GORR is capped at US$4,000,000 (C$5,478,000). MCF Energy has a 'put option' for two years to sell the GORR to TSE for C$750,000. TSE has a 'call option' for two years to terminate the GORR by payment to the Company of C$1,500,000. The transaction between the Company and TSE was completed on July 25, 2025, which also terminated the management services agreement between the Company and TSE effective June 1, 2025. "The sale of our Czech assets will permit the Company to focus its investments and activities on our projects in Germany, including in the Lech area, where the Kinsau-1A re-entry well is expected to commence drilling in the coming few weeks," said James Hill, Chief Executive Officer of MCF Energy Ltd. About MCF Energy MCF Energy was established in 2022 by leading energy executives to strengthen Europe's energy security through responsible exploration and development of natural gas resources within the region. The Company has secured interests in several significant natural gas exploration projects in Austria and Germany. MCF Energy is also evaluating additional opportunities throughout Europe. The Company's leaders have extensive experience in the European energy sector and are working to develop a cleaner, cheaper, and more secure natural gas industry as a transition to renewable energy sources. MCF Energy is a publicly traded company (TSX.V: MCF; FRA: DC6; OTCQX: MCFNF) and headquartered in Vancouver, British Columbia. For further information, please visit: Additional information on the Company is available at under the Company's profile. Cautionary Statements: NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward-Looking Information This press release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable securities laws relating to the Company's plans and other aspects of our anticipated future operations, management focus, strategies, financial, operating and production results, industry conditions, commodity prices and business opportunities. In addition, and without limiting the generality of the foregoing, this press release contains forward-looking information regarding the anticipated timing of development plans and resource potential with respect to the Company's right to assets in Austria. Forward-looking information typically uses words such as "anticipate", "believe", "project", "expect", "goal", "plan", "intend" or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future. The forward-looking information is based on certain key expectations and assumptions made by MCF Energy's management, including expectations and assumptions noted subsequently in this press release under oil and gas advisories, and in addition with respect to prevailing commodity prices which may differ materially from the price forecasts applicable at the time of the respective Resource Audits conducted by GCA, and differentials, exchange rates, interest rates, applicable royalty rates and tax laws; future production rates and estimates of operating costs; performance of future wells; resource volumes; anticipated timing and results of capital expenditures; the success obtained in drilling new wells; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the state of the economy and the exploration and production business; results of operations; performance; business prospects and opportunities; the availability and cost of financing, labour and services; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions, the ability to market natural gas successfully and MCF's ability to access capital. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because MCF Energy can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature they involve inherent risks and uncertainties. MCF Energy's actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that we will derive therefrom. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide securityholders with a more complete perspective on future operations and such information may not be appropriate for other purposes. Readers are cautioned that the foregoing lists of factors are not exhaustive. These forward-looking statements are made as of the date of this press release and we disclaim any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. Oil & Gas Advisories SOURCE MCF Energy Ltd.

Alberta man celebrates second scratch and win lottery win this year
Alberta man celebrates second scratch and win lottery win this year

CTV News

time12-06-2025

  • Business
  • CTV News

Alberta man celebrates second scratch and win lottery win this year

A Lethbridge man is celebrating his second big win on a scratch and win ticket this year. James Hill won $200,000 on a $10 scratch ticket he purchased in February, and now he's won $100,000 on a Poker Lotto scratch ticket. Hill says it took him a minute to believe what he saw when he scanned the ticket. 'I couldn't read the screen at first,' he said in a Thursday news release. 'I had to scan it three times and then have the cashier scan it for me again.' Hill says after his first scratch and win success he had hoped to purchase a new vehicle and put what was left over into savings. This time around he says he's going to put the money in the bank and 'just relax.' Hill bought his winning ticket from the Circle K on Highlands Road in Lethbridge. He won by matching all five cards drawn on the May 14 nightly draw – the queen of spades, four of clubs, seven of clubs, ace of diamonds and seven of diamonds.

Scratch & Win: Alberta grandfather pranks his family before revealing $200K lottery win
Scratch & Win: Alberta grandfather pranks his family before revealing $200K lottery win

Yahoo

time29-05-2025

  • Business
  • Yahoo

Scratch & Win: Alberta grandfather pranks his family before revealing $200K lottery win

When James Hill of Lethbridge, Alta., scratched his 100X The Cash ticket and saw he'd won $200,000, he didn't tell anyone right away. Instead, he decided to turn the moment into a surprise his family would never forget. 'I lied to my [adult] kids in the car and said I won $45,' said Hill, while claiming his Scratch & Win prize with the Western Canada Lottery Corporation (WCLC). 'Then I went to my grandson's birthday and called everyone to the living room to tell them I'd actually won $200,000!' The $10 ticket, purchased at a 7-Eleven on Columbia Boulevard in Lethbridge, turned out to be a jackpot winner. Hill wanted the reveal to be just as memorable as the prize itself, and it paid off. The unexpected twist left his family stunned. Hill said the reactions — a mix of excitement and disbelief — made the wait completely worth it. 'It feels really good,' he said. Though winning the jackpot came as a shock, Hill didn't take long to decide how he'd spend the money. After years of wanting a new vehicle, he's finally making it happen. 'I'm going to start looking right away,' he said. 'Then I'll put the rest into savings!' 100X The Cash is a $10 Scratch & Win ticket that gives players the chance to multiply their winnings. The top prize is $200,000, with additional cash prizes ranging from $1,000 to $50,000. Players can win in three different ways: by revealing a cash prize in the bonus area, matching numbers in the main game, or uncovering three matching symbols in the side games. You can win up to 10 times on a single ticket. For Hill, the win brought more than just a big prize — it gave him a family memory he will never forget. If you're looking to take a break from gambling, self-exclusion programs can be effective tools. See here for resources that are available across Canada.

Iraola on Scott's injury, 'finishing with a win' and Kerkez situation
Iraola on Scott's injury, 'finishing with a win' and Kerkez situation

BBC News

time23-05-2025

  • Sport
  • BBC News

Iraola on Scott's injury, 'finishing with a win' and Kerkez situation

Andoni Iraola has been speaking to BBC Radio Solent before Sunday's final game of the Premier League season against Leicester City (kick-off 16:00 BST).Here are the key lines from his news conference:In terms of injury news, Alex Scott returned to training today and is wearing a mask to protect his fractured jaw. The midfielder's availability will be assessed tomorrow. A late call will also be made on James Hill's is "very important" to finish in the top 10 after missing out on securing European football this season: "I want to finish with a win. I want to finish a very good season feeling that we have done something good."On the importance of taking three points against already-relegated Leicester City: "I will choose the team that I think will give us more guarantees to perform well and win. For me, it is a very important game."The Cherries go into their final game of the season three points better off away from home than at home this season, so he would like to "level this up at least" and "finish as the team deserves" after a much-improved about only losing to Manchester City and Liverpool by more than one goal on aggregate in the Premier League this season, he responded: "When we haven't been at our very best, we have always thought we have a chance. We have been in games until the very end and I think that's something that speaks very well of the team. I hope we can keep this up for next season."Kepa Arrizabalaga will return to Chelsea following the conclusion of his loan spell and any permanent deal will be "a matter of negotiating with him and with Chelsea". He added that the goalkeeper's "character and experience" has been "very valuable" this currently have three first-team goalkeepers on their books - Mark Travers, Neto and Alex Paulsen - so there will "definitely be changes in that position" over the are plenty of transfer rumours surrounding Milos Kerkez but he confirmed that the defender's situation has not changed: "There is nothing concrete that I know. He has performed really well this season. I understand that there could be rumours and teams that will be wanting to sign him, but we are really happy with him. I don't have any news on him."However Iraola believes that once the transfer market opens, outgoing transfers "aren't in your hands a lot of the time".Despite his wingers picking up various injury problems this season, Iraola is "very happy with their level and performance" and does not feel it is an area he needs to strengthen in the summer transfer he would like to have four wingers fit for every game next season, with the idea being "two to start, two to finish". Luis Sinisterra has had "a very bad season in terms of injuries" and Enes Unal picked up a serious ACL injury so having both of them fit next season will be "really important".Follow all of Friday's Premier League news conferences and the rest of the day's football news

Attempted murder charge filed against Bellwood man accused of shooting victim during argument on West Side
Attempted murder charge filed against Bellwood man accused of shooting victim during argument on West Side

Yahoo

time06-05-2025

  • Yahoo

Attempted murder charge filed against Bellwood man accused of shooting victim during argument on West Side

CHICAGO (WGN) — Felony charges have been filed against a Bellwood man accused of shooting another man during an argument over the weekend on the West Side. According to Chicago police, 40-year-old James Hill has been charged with one felony count of attempted first-degree murder and one felony count of aggravated battery with the discharge of a firearm. Read more: Latest Chicago news and headlines Officers said the charges stem from Hill's alleged role in a shooting which left a 35-year-old man injured. Photo provided by Chicago police shows 40-year-old James Hill who is accused of shooting a man during an argument on the West Side on Sunday, May 4, 2025. The incident unfolded just before 8 a.m. on Sunday, May 4, in the 3800 block of West 14th Street, in North Lawndale, when officers said Hill got into an argument with the victim. The altercation turned physical when Hill allegedly pulled out a gun and shot the other man in the leg. LATEST CASES: Missing people in Chicagoland The victim was later transported to the hospital, where he was listed in fair condition. Hill was taken into custody less than 10 minutes after the alleged shooting. He is set to appear in court on Tuesday for a detention hearing. Currently, it is unclear what led to the altercation and authorities have not provided updates on the victim's condition. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WGN-TV.

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