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Madalena IPs Oily Paddle River Well After 16-Stage Frac

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Madalena IPs Oily Paddle River Well After 16-Stage Frac

Madalena Energy Inc. has reported an operational update on its West-Central Alberta properties.

The Company is pleased to report that its most recent 100% working interest horizontal Ostracod oil well located at 1-32-55-7W5M in the Paddle River area of west-central Alberta commenced production in early November 2013.

During its initial nine operating days of production the well flowed at an average rate of 658 bbls/d of 30° API oil and 871 mscf/d of raw natural gas for a total of 803 barrels of oil equivalent per day (boe/d) (82% oil). After accounting for shrinkage and NGLs recovery at the local production facility, the average rate over the initial nine operating days would equate to approximately 793 boe/d (87% oil & NGLs).

This well was drilled to a total depth of 3,250 metres with a…

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