- PR Newswire•last month
CALGARY, Jan. 17, 2017 /PRNewswire/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) has been advised that a majority of producers and refiners in Argentina, at the request of the government, have signed a 2017 Medanito crude oil pricing agreement (the "Agreement") allowing for convergence with international Brent pricing over the coming months. International Brent oil prices have been trading at approximately $55.00 per barrel to date in 2017. Further, the Agreement outlines that should international Brent pricing be reached and remain higher than $1.00 above the monthly Medanito floor price for 10 consecutive days, the Agreement will be suspended and international Brent pricing adopted.
- PR Newswire•last month
CALGARY, Jan. 11, 2017 /PRNewswire/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce that its previously announced transactions with Pan American Energy LLC, Sucursal Argentina ("PAE") relating to Madalena's 90% working interest ("WI") in the Coiron Amargo Sur Este block ("CASE") have closed and Madalena has received the balance of the $10 million consideration owed. As a result of the transactions, PAE holds a 55% WI in, and operatorship of, CASE. Madalena retains a 35% non-operated WI in CASE, with the remaining 10% ownership of CASE held by Gas y Petroleo del Neuquén, the provincial oil and gas company in the Province of Neuquén, Argentina. Concurrently, PAE has agreed, subject to certain conditions, to provide Madalena with a loan of up to $40 million, on a limited recourse basis, to be drawn-down as required to fund certain capital expenditures.
- PR Newswire•2 months ago
CALGARY, Dec. 20, 2016 /PRNewswire/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) announces that it has sold its CAD $3 million convertible debenture (the "Convertible Debenture") of Point Loma Resources Ltd. (PLX.V) ("Point Loma") for cash proceeds of $522,000 (CAD $700,000). The Convertible Debenture was part of the consideration Madalena received when the non-core Canadian assets were sold effective May 1, 2016.
MDLNF : Summary for MADALENA ENERGY - Yahoo Finance
Madalena Energy Inc. (MDLNF)
Other OTC - Other OTC Delayed Price. Currency in USD
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|Day's Range||0.13 - 0.14|
|52 Week Range||0.04 - 0.21|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-1.84|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|