TSXV Trading Symbol: MVN
CALGARY,
Feb. 20, 2013 /CNW/ - Madalena
Ventures Inc. (the "Company" or "Madalena" (TSX VENTURE: MVN) is
pleased to announce that Mr. Thomas
Love has been appointed Vice President, Finance and Chief
Financial Officer of the Company, effective February 28, 2013. Mr. Love is a Chartered
Accountant with over 35 years of experience in the oil and gas
industry, including both Western Canadian and International
experience. Most recently, Mr. Love was the former CFO and a
director of Online Energy Inc. ("Online") and had been providing
consulting services to the Company since the acquisition of Online.
Prior to his role at Online, he was the CFO of Trimox Energy Inc.
and Moxie Exploration Ltd., and President and Chief Executive
Officer of Moxie Petroleum Ltd, where he worked alongside members
of the new Madalena management team. Earlier in Mr. Love's
career, he was involved in running the Canadian operations of a
U.K. based International E&P and articled at Ernst & Young
LLP.
Madalena has also recently launched an updated
version of its corporate website where basic corporate information,
recent news releases and regularly updated corporate presentations
are available. The website may be accessed at
www.madalena-ventures.com.
About Madalena - Domestic and International
Assets
Madalena is an independent, Canadian-based,
domestic and international upstream oil and gas company whose main
business activities include exploration, development and production
of crude oil, natural gas liquids and natural gas.
Domestically, Madalena holds a significant
acreage position in Western
Canada, with a core area of operations located in the
Greater Paddle River area, where the company holds approximately
200 gross (greater than 150 net) sections of land across multiple
light oil and liquids-rich gas resource plays. Madalena's focus
domestically is to exploit its large inventory of horizontal
development locations in its Ostracod oil, Notikewin/Wilrich
liquids-rich gas, and Nordegg oil
& liquids-rich resource plays. Madalena also holds more
than 100 sections (100% W.I.) which are prospective for the
Duvernay shale.
Internationally, Madalena holds three large
blocks within the prolific Neuquén basin in Argentina and is focused on the delineation
and prove-up of its large petroleum in-place shale &
unconventional resources in the Vaca Muerta and Agrio shales,
alongside high impact plays in the Quintuco and Mulichinco
formations. Madalena holds 135,000 net acres across the
Coiron Amargo (35,027 net acres), Curamhuele (50,400 net acres) and
Cortadera (49,600 net acres) blocks.
Madalena trades on the TSX Venture Exchange
under the symbol MVN.
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Madalena Ventures Inc.