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Madalena Looking for JV, Non-Core Asset Sales

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Madalena Looking for JV, Non-Core Asset Sales

Madalena Energy Inc. has provided selected financial and operational information for the three months and year ended December 31, 2014.

2015 Outlook Madalena's current production is approximately 4,000 boe/d (79% oil and NGL's) with 3,800 boe/d (80 % oil and NGL's) in Argentina and 200 boe/d (55% oil & NGL's) in Canada. Over the last several months, Madalena has commenced international operational planning related to the drilling of four strategic resource plays in Argentina and continued horizontal development of its light oil assets. The four strategic resource plays include the Loma Montosa oil resource play, Vaca Muerta shale, Lower Agrio shale, and liquids-rich Mulichinco gas resource play. The Company has a new 45% WI partner (PlusPetrol) on the Coiron Amargo Block. Madalena has…
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