CALGARY,
Feb. 12, 2014 /CNW/ - Madalena
Energy Inc. ("Madalena" or the "Company") (TSXV: MVN) (OTC:
MDLNF), is pleased to announce that the TSX Venture Exchange
today recognized Madalena as a TSX Venture 50® company in 2014.
The TSX Venture 50® are the top 10 companies
listed on the TSX Venture Exchange, in each of five major industry
sectors - mining, oil & gas, technology & life sciences,
diversified industries and clean technology - based on a ranking
formula with equal weighting given to return on investment, market
cap growth, trading volume and analyst coverage. All data was as of
December 31, 2013.
About Madalena - International and Domestic 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.
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 and Lower Agrio shales, in addition to
multiple tight sand plays. The Company is also developing a
conventional oil play in the Sierras Blancas formation. Madalena
holds approximately 132,200 net acres on the Coiron Amargo (34,951
net acres), Curamhuele (50,595 net acres) and Cortadera (46,656 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 gas resource plays.
Madalena's primary domestic focus is to exploit its large inventory
of horizontal drilling locations on its Ostracod oil and emerging
oil & liquids-rich gas resource plays.
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
Reader Advisories
Forward Looking Information
This news release includes certain statements
that may be deemed "forward-looking statements" within the meaning
of applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
to the Company's operations, exploration and development plans,
expansion plans, estimates, expectations, forecasts, objectives,
predictions and projections of the future. Generally,
forward-looking statements can be identified by the forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "projects",
"intends", "anticipates", or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "can", "could", "would", "might",
or "will", "be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to the exploration and development and operation of the
Company's projects, the actual results of current exploration,
development activities, conclusions of economic evaluations,
changes in project parameters as plans continue to be refined,
future oil and gas prices, as well as those factors discussed in
the sections relating to risk factors of our business filed in the
Company's required securities filings on SEDAR. Although the
Company has attempted to identify important factors that could
cause results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results to be materially different from those anticipated,
described, estimated, assessed or intended.
There can be no assurance that any
forward-looking statements will prove accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company does not
undertake to update any forward-looking statements that are
incorporated by reference herein, except in accordance with
applicable securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Madalena was recognized as a TSX Venture 50®
company in 2014. TSX Venture 50 is a trade-mark of TSX Inc. and is
used under license.
SOURCE Madalena Energy Inc.