TSXV Trading Symbol: MVN
CALGARY, Nov. 4, 2013 /CNW/ - Madalena Energy Inc. (the "Company" or
"Madalena") (TSX VENTURE: MVN) announces that it has posted an updated
corporate presentation for investors, and interested parties, on its
website at www.madalenaenergy.com. This new presentation provides an overview of both Madalena's
International and Domestic assets.
About Madalena - International and Domestic Assets
Madalena is an independent, Canadian-based, international and domestic
upstream oil and gas company whose main business activities include
exploration, development and production of crude oil, natural gas
liquids and natural gas.
Internationally, Madalena holds three large blocks within the Neuquén
basin in Argentina where it is focused on the delineation of large
petroleum in-place shale and unconventional resources in the Vaca
Muerta, Agrio and Los Molles shales, in addition to tight sand plays in
the Mulichinco and Quintuco. The Company is also developing a
conventional oil play in the Sierras Blancas formation. Madalena holds
135,000 net acres on the Coiron Amargo (35,027 net acres), Curamhuele
(50,400 net acres) and Cortadera (49,600 net acres) blocks.
Domestically, Madalena's core area of operations is located in the
Greater Paddle River area of west-central Alberta where the Company
holds approximately 200 gross (>150 net) sections of land (78% average
W.I.) encompassing light oil and liquids-rich resource plays.
Madalena's domestic focus is to exploit its large inventory of
horizontal development locations on its Ostracod oil, Notikewin/Wilrich
liquids-rich gas, and emerging Nordegg oil & liquids-rich resource
plays. Madalena also holds more than 100 net sections (100% W.I.) which
are prospective for the Duvernay shale.
Madalena trades on the TSX Venture Exchange under the symbol MVN. Basic
corporate information, recent news releases and regularly updated
corporate presentations are available on the Company's website at www.madalenaenergy.com.
Neither 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.
SOURCE: Madalena Energy Inc.
For further information:
Kevin Shaw, P.Eng, MBA
President and Chief Executive Officer
Madalena Energy Inc.
Phone: (403) 262-1901 (Ext. 230)