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Madalena Tags 34.8 Billion BOE Potential at Argentinean Leases
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Madalena Ventures Inc. has reported information on the Company's unconventional shale resources on its three land blocks within the Neuquen basin, Argentina .
These resources were evaluated by Ryder Scott Petroleum Consultants Ltd. in a report dated effective December 31, 2012. All of the Company's international properties, which are located within the Neuquen basin, Argentina, were reviewed in the Resource Report although not all of the potential resources and formations were evaluated.
Highlights: Madalena holds 135,000 net acres on the Coiron Amargo (35,027 net acres), Curamhuele (50,400 net acres) and Cortadera (49,600 net acres) blocks within the Neuquen basin, respectively; The main zones of interest for the independent resource evaluation focused on the Vaca Muerta shale, Lower…- ✓ Full news archive — U.S., Canada & international coverage
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