Operational Updates | Deals - Acquisition, Mergers, Divestitures
Madalena Ups Ante in Canada; Talks Vaca Muerta Shale Activity
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Madalena Ventures Inc. has reported an update for the three and nine month period ended September 30, 2012. All amounts are in Canadian dollars ($) unless otherwise stated.
Highlights in the nine months ended September 30, 2012 include: Strategic acquisition (closed November 1, 2012 ) of Canadian oil and gas assets securing access to a large inventory of horizontal drilling locations and diversifying country risk; Extension of the Company's large acreage position in the Neuquen Basin and conversion of the northern 108 km2 of the 404 km2 Coiron Amargo Block to a 25 year exploitation concession; Successful drilling and completion of 2 development wells and 2 exploration wells on the Coiron Amargo Block; With its partner Apache, drilled a Vaca Muerta shale test at the CorS X-1 deep gas…- ✓ Full news archive — U.S., Canada & international coverage
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