TSXV Trading Symbol: MVN
CALGARY, May 7, 2013 /CNW/ - Madalena Ventures Inc. (the "Company" or
"Madalena") (TSX VENTURE: MVN) announces that it has posted a new
corporate presentation for investors, and interested parties, on its
website at www.madalena-ventures.com. This new presentation provides an overview of both Madalena's
International and Domestic assets.
The Company also announces that the annual general and special meeting of shareholders will be held at the offices of Burnet, Duckworth &
Palmer LLP, 2400, 525 - 8th Avenue, S.W., Calgary, Alberta, Canada on Tuesday, July 30, 2013 at 3:00 p.m. (Calgary time).
Madalena is an independent, Canadian-based, international and domestic
upstream oil and gas company whose main business activities include
development, exploration and production of crude oil, natural gas
liquids and natural gas.
Internationally, Madalena holds three blocks (135,000 net acres) within
the prolific Neuquén basin where it is focused on the delineation of
vast petroleum in-place shale & unconventional resources in the Vaca
Muerta and Lower Agrio shales, alongside tight sand plays in the
Mulichinco and Quintuco. The Company is also developing a conventional
oil play in the Sierras Blancas formation.
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 multiple 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.) of
Duvernay shale rights.
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 Ventures Inc.
For further information:
Kevin Shaw, P.Eng, MBA
President and Chief Executive Officer
Madalena Ventures Inc.
Phone: (403) 262-1901 (Ext. 230)