CALGARY, Alberta, May 7, 2013 /PRNewswire/ --
TSXV Trading Symbol: MVN
Madalena Ventures Inc. (the "Company" or "Madalena") (TSX VENTURE: MVN) announces that it has posted a new corporate presentation for investors, and interested parties, on its website at http://www.madalena-ventures.com. This new presentation provides an overview of both Madalena's International and Domestic assets.
The Company also announces that the annual general and special meeting of shareholders will be held at the offices of Burnet, Duckworth & Palmer LLP, 2400, 525 - 8th Avenue, S.W., Calgary, Alberta, Canada on Tuesday, July 30, 2013 at 3:00 p.m. (Calgary time).
Madalena is an independent, Canadian-based, international and domestic upstream oil and gas company whose main business activities include development, exploration and production of crude oil, natural gas liquids and natural gas.
Internationally, Madalena holds three blocks (135,000 net acres) within the prolific Neuquén basin where it is focused on the delineation of vast petroleum in-place shale & unconventional resources in the Vaca Muerta and Lower Agrio shales, alongside tight sand plays in the Mulichinco and Quintuco. The Company is also developing a conventional oil play in the Sierras Blancas formation.
Domestically, Madalena's core area of operations is located in the Greater Paddle River area of west-central Alberta where the Company holds approximately 200 gross (>150 net) sections of land (78% average W.I.) encompassing multiple light oil and liquids-rich resource plays. Madalena's domestic focus is to exploit its large inventory of horizontal development locations on its Ostracod oil, Notikewin/Wilrich liquids-rich gas, and emerging Nordegg oil & liquids-rich resource plays. Madalena also holds more than 100 net sections (100% W.I.) of Duvernay shale rights.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Kevin Shaw, P.Eng, MBA
President and Chief Executive Officer
Madalena Ventures Inc.
Phone: +1(403)262-1901 (Ext. 230)
SOURCE Madalena Ventures Inc.