Exploration & Production | Quarterly / Earnings Reports | Second Quarter (2Q) Update
Madalena Spending C$36 Million for Remainder 2014
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Madalena Energy Inc. has announced that it has approved a CDN$ 36 million budget for the remainder of 2014 and to provide an overview of the Company's operational priorities through the 2015 calendar year.
Key Focus Areas and Company Priorities:Madalena is positioned within the Argentine energy sector with a solid platform for future growth across 14 concessions and is focused on delivering a balanced approach towards both conventional oil and gas development and the delineation of the Company's unconventional shale and tight sand resources.
The Company also has a land base with over 150 net sections (>100,000 net acres) in Western Canada with a large inventory of horizontal development locations.
Madalena has a strong portfolio of assets in Argentina including approximately 1 million…
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