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 170 gross (130 net) sections of land (approximately 76% average W.I.) encompassing light oil and liquids-rich gas plays. Madalena's primary domestic focus is to exploit its inventory of horizontal drilling locations on its Ostracod oil and other oil and liquids-rich gas plays.
Madalena trades on the TSX Venture Exchange under the symbol MVN and in the United States under the OTCQX public market: MDLNF
Madalena is an independent, Canadian-based domestic and international upstream oil and gas company whose main business activities include exploration, development and production of crude oil, natural gas liquids and natural gas. Madalena's strategy is to create value and provide superior returns to our shareholders through the generation of a balanced portfolio of high quality oil and gas assets in proven hydrocarbon areas characterized by competitive fiscal terms and significant development potential.
Madalena Energy Inc. and its wholly owned subsidiaries have exploration and production assets in Canada and Argentina, respectively.