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Madalena to Accelerate Argentinean Ops; Extends Exploration Period
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Madalena Energy Inc. has reported an update on its Argentinean operations.
International Update: Neuquén Basin Coiron Amargo Block - Southern Extension Approved and Drilling UpdateThe Coiron Amargo block (35% W.I.) held by Madalena is divided into two regions called Coiron Amargo Norte (northern portion of the block) and Coiron Amargo Sur (southern portion of the block).
Coiron Amargo Norte is currently under a 25 year exploitation (development) concession which was approved by the Province of Neuquén in 2012. Following an application and approval process by Madalena and its partners over the past several months, the exploration period for Coiron Amargo Sur has now been extended by way of an official decree signed by the Province of Neuquén in Argentina . This one year extension…
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