Madalena updates exploration on three Neuquen blocks

09/16/2013
Madalena Ventures Inc., Calgary, has provided an update of activity aimed at unconventional and tight formations on blocks in which it holds interests in the Neuquen basin of Argentina. The company has interests in three blocks and is moving forward to delineate its large in-place unconventional oil and gas resources in the Vaca Muerta shale and Lower Agrio shale alongside tight sand plays in the Mulichinco and Quintuco formations and select conventional zones of interest. Madalena holds 135,000 net acres including 35,027 net acres in Coiron Amargo, 49,600 net acres in Cortadera, and 50,400 net acres in the Curamhuele block. The CAS.x-14 well was spudded on July 12 in southern Coiron Amar...
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