On June 28, 2016 Madalena and Point Loma Energy completed a transaction pursuant to which, among other things, Point Loma acquired Madalena's non-core Canadian petroleum and natural gas assets focused in the Paddle River area of Alberta in exchange for common shares in the capital of Point Loma and a senior subordinate convertible debenture of Point Loma in the amount of $3,000,000 with a five-year term accruing interest [...]
Point Loma Resources and Madalena Energy are pleased to announce that, further to their joint news release dated May 17, 2016, First Mountain Exploration, Point Loma Energy Ltd. and Madalena have completed the transactions in which: (i) Point Loma Energy Ltd. has acquired Madalena's non-core Canadian petroleum and natural gas assets focused in the Paddle River area of Alberta; (ii) First Mountain has acquired all of the [...]
First Mountain Exploration, Point Loma Energy and Madalena Energy are pleased to announce that, further to their joint news release dated February 9, 2016, First Mountain, Point Loma and Madalena have entered into definitive arm's length agreements dated May 16, 2016 pursuant to which: (i) Point Loma will acquire Madalena's non-core Canadian petroleum and natural gas assets focused in the Paddle River area of Alberta...
Madalena is pleased to provide its operating and financial results for the three months ended March 31, 2016. Selected information is outlined below and should be read in conjunction with Madalena's unaudited condensed interim consolidated financial statements for the three months ended March 31, 2016 and the associated management's discussion and analysis, which are available for review under the Company's profile at [...]
CALGARY, April 21, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to provide selected financial and operational information for the three months and year ended December 31, 2015. Copies of the Company's consolidated financial statements for the year ended December 31, 2015, the related management's discussion and analysis and the Annual Information Form (the "AIF [...]
CALGARY, March 24, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) announces the departure of Kevin Shaw as President and Chief Executive Officer of the Company. The Madalena board of directors (the "Board") thanks Mr. Shaw for his contributions to the Company and wishes him success in the future. Steven Sharpe, Chairman of the Board, has been appointed Interim President and [...]
Madalena Energy announces that, due to prevailing market conditions, it has elected not to proceed with the acquisition of an additional 10% working interest in the Coiron Amargo block in Argentina and the related marketed public offering of common shares of the Company, previously announced on March 1, 2016. About Madalena Energy Madalena is an independent, Argentina focused, upstream oil and gas company. Madalena holds [...]
CALGARY, ALBERTA--(Marketwired - March 1, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Madalena Energy Inc. ("Madalena" or the "Company") (TSX VENTURE:MVN)(OTCQX:MDLNF) is pleased to announce that it has entered into a letter of intent (as amended, the "Letter of Intent") to acquire (the "Acquisition") the 10% working interest (the "Assets") of one of its partners (the "Vendor [...]
CALGARY, Feb. 25, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce it has been recognized as a 2016 TSX Venture 50® company. Kevin Shaw, President and CEO, commented: "Achieving a top tier ranking on the TSX Venture 50® is a great honour and recognition for Madalena. The Company would like to acknowledge the support of our shareholders as we [...]
CALGARY, Feb. 22, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce the results of its independent reserve reports as at December 31, 2015. On February 9, 2016, the Company announced the proposed sale of its non-core Canadian properties. The reserves for the Canadian properties are included for reference but the majority of the discussion and analysis in [...]
CALGARY, Feb. 16, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce the initial results of its completion and testing of the Lower Agrio shale formation on its 90% working interest operated block at Curamhuele in Argentina. Highlights Successfully completed the vertical exploration well (Yapai.x-1001) with four hydraulic fractures at depths of 3,731 [...]
First Mountain Exploration, Point Loma Energy and Madalena Energy are pleased to announce the following: First Mountain, Point Loma and Madalena have entered into arms-length non-binding letters of intent dated February 8, 2016, pursuant to which it is proposed, among other things, that the following transactions will occur by way of a statutory plan of arrangement under the Business Corporations Act (Alberta) (the [...]
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