TSXV Trading Symbol: MVN
CALGARY, May 5, 2014 /CNW/ - Madalena Energy Inc. (TSX-V:
MVN and OTC: MDLNF) (the "Company" or "Madalena") announces that it
has posted a new 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 and Lower Agrio shales, in addition to
multiple tight sand plays. The Company is also implementing
horizontal drilling and completions technology to high impact
international plays and is currently focused on 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 (approximately
78% average W.I.) encompassing multiple 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, Notikewin/Wilrich and other emerging oil &
liquids-rich gas resource plays.
Madalena trades on the TSX Venture Exchange
under the symbol MVN. Basic corporate information and recent news
releases are available on the Company's website at
www.madalenaenergy.com.
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accuracy of this release.
SOURCE Madalena Energy Inc.