Head Office: MADALENA ENERGY INC. Suite 200, 707 - 7th Avenue SW Calgary, Alberta, Canada T2P 3H6 International Office: MADALENA ENERGY S.A. Madalena e n e r g y 421 Lola Mora, 13th Floor inc. C1107DDA, Buenos Aires, Argentina…
Agenda Introduction to Madalena: Our operations in the Western Canadian Basin and in the Neuqun Basin The integration with Gran Tierra Argentina Lessons learned from international operations Operations and results in Canada and…
Madalena Energy Madalena can be considered a relatively small- size company that is however: Operating in Canada and Argentina over a big acreage About 100,000 net acres in Canada More than 135,000 net acres in Neuqun Province…
Madalena Energy Recently acquired Gran Tierra Argentinas assets: Incremented its assets in the Neuqun Basin and added others in the Northwest Basin About 205,000 net acres in the Neuqun Basin More than 752,000 net acres in the…
A balanced and strategic approach 4,900 Boe/d (72% oil) Pro Forma on closing Solid Production Base Expected growth to 5,500 6,000 Boe/d in 12 - 18 months in addition to continued delineation & prove-up of shale assets Stable…
The learning process Definition of the completion technology to be used the target/goal to be achieved Trial and error, in the first wells, of main variables that could impact operational and economic results Standardization of…
The learning process The technology used in Canada and Argentina In a single operation, the production liner is run in hole together with liner packers for open-hole, that divide the well in multiple sections, isolating each one of…
The learning process The technology used in Canada and Argentina In a single operation, in a period of less than 20 hs, MVN performed up to 14 frac-stages. The system can speed up conventional fractures that would take 4-5 days in…
The learning process Conclusions There is a long learning curve on the road to an economic horizontal multi-frac project. The key is to begin by understanding the rocks and then, as quickly as possible, determine the limitations…
Operations and results in Canada In the Western Canadian Basin, in the Greater Paddle River Area, MVN drilled 8 horizontal wells, all of them completed with multi-stage fracs, which allowed MVN to significantly increase production…
Operations and results in Argentina In Puesto Morales, GT Argentina drilled its first horizontal well in Loma Montosa formation in 2012 to prove a new development concept different from the ones used until that moment for those…
Operations and results in Argentina The horizontal section was fractured in 5 stages and currently MVN is evaluating the benefits of extending the section and the increase of stages. This completion technology is the same used in…
The way forward Multi-well horizontal program being executed in Paddle River in 2014/2015 (target Ostracod oil) Multi-well horizontal multi-stage frac program in Puesto Morales in 2015 (target Loma Montosa resource play - oil) First…
MVNs strategy for continuous growth Development of high impact horizontal resource plays and low- permeability reservoirs by applying the proven North American based technology and gaining experience from the learning process Short…
MVNs strategy for continuous growth Business HHRR Portfolio Development Flat organization with Balanced portfolio of conventional and JV with strategic partners great fast decision making capability unconventional projects…
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