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.
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SOURCE Madalena Energy Inc.