TSXV: MVN       Madalena Energy Inc
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0


Avg Volume (4 weeks):0
Average Price Target: 2.05
Price Target Upside/Downside: +2.05


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Business Background

Madalena Energy Inc. is a Canada-based upstream oil and gas company. The Company is engaged primarily in the exploration and development of oil and gas. The Company's segments include Canada and Argentina. Its operations are located in Western Canada in the Greater Paddle River area of west-central Alberta, where the Company holds approximately 170 gross sections of land encompassing light oil and liquids-rich gas plays. The Company's domestic focus is to exploit its inventory of horizontal drilling locations on its Ostracod oil and other oil and liquids-rich gas plays. The Company holds approximately 950,000 net acres in over four provinces of Argentina where it is focused on the delineation of shale and unconventional resources in the Vaca Muerta shale, Lower Agrio shale and Loma Montosa oil plays. The Company is also focused on implementing horizontal drilling and completions technology to develop conventional and resource plays, for light oil and liquids-rich gas.

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