Madalena Energy is an independent, Canadian-based, international and domestic upstream oil and gas company whose main business activities include exploration, development and production of crude oil, natural gas liquids and natural gas.
Internationally, Madalena holds a large land position across 14 concessions/blocks in Argentina and efficiently executes full cycle operations across all aspects of its oil and gas business. In Argentina, Madalena is focused on the delineation of large petroleum in-place shale and unconventional resources in both the Vaca Muerta and Lower Agrio shales, in addition to multiple tight sand plays throughout the Company's portfolio of assets. The Company is also focused on implementing horizontal drilling and completions technology to develop high impact conventional, and scalable resource plays, for light oil and liquids-rich gas.
Domestically, Madalena's core area of operations is located in Western Canada in the Greater Paddle River area of west-central Alberta where the Company holds approximately 200 gross (150 net) sections of land (approximately 79% average W.I.) encompassing light oil and liquids-rich gas resource plays. Madalena's primary domestic focus is to exploit its large inventory of horizontal drilling locations on its Ostracod oil and other oil and liquids-rich gas resource plays.
Madalena trades on the TSX Venture Exchange under the symbol MVN and in the United States under OTC: MDLNF