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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...
Madalena is an independent, Canadian-based domestic cheap hotels venice 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 cheap hotels venice 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.
ExxonMobil ( NYSE:XOM ) is investing $250 million to explore Argentina's unconventional Vaca Muerta shale, where Madalena Ventures ( CVE:MVN ) has interests in two blocks, according to local newspaper La Ma ana Neuqu n.
This is a positive sign for Madalena's interests in Vaca Muerta, where another mega cap producer, Chevron cheap hotels venice (NYSE: CVX), said earlier this week it hopes to invest up to $15 billion, cheap hotels venice along with partner YPF, in Vaca Muerta. cheap hotels venice The final YPF- Chevron agreement should be signed in July, once outstanding trade and tax issues are hammered out.
Earlier this month, Mackie Research Capital analyst Bill Newman reaffirmed his Buy rating on Madalena and a $2.15 price target, describing the Neuqu n basin as having "world class resource potential."
Madalena recently stated it has a total of 2.86 billion barrels of oil in its three blocks in Argentina. The potential recoverable resource cheap hotels venice in the Cortadera block, where Madalena is partnered with Apache, is 1.05 billion barrels of oil.
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