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Madalena Energy Inc. MDLNF

"Madalena Energy Inc a Canadian-based international upstream oil and gas company. The core business activities include exploration, development, and production of crude oil, natural gas liquids, and natural gas. The company holds several exploration blocks such as Santa Victoria Block, El Chivil Block, El Vinalar Block and others. It derives revenue from the sales of Crude oil and Natural gas, of which key revenue is derived from Crude oil sales."


OTCQX:MDLNF - Post by User

Post by MaglanCapitalon May 08, 2019 10:36am
117 Views
Post# 29724249

SHELL ADVANCES IN ITS MASSIVE DEVELOPMENTS IN VACA MUERTA

SHELL ADVANCES IN ITS MASSIVE DEVELOPMENTS IN VACA MUERTA
One of Shell’s three blocks is Coiron Amargo Sur Oeste, immediately adjacent to Coiron Amargo Sur Este
 
 
https://www.vacamuertanews.com.ar/ver_noticia.php?id=20190508072301
 
SHELL ADVANCES IN ITS MASSIVE DEVELOPMENTS IN VACA MUERTA
 
The firm will make a total of 304 wells in the Sierras Blancas, Cruz de Lorena and Coiron Amargo Sur Oeste blocks to raise its production to a total of 70,000 barrels per day by 2025.
 
On Thursday, May 9, the CEO of Royal Dutch Shell, Ben Van Beurden, will meet with the governor of Neuqun, Omar Gutirrez to advance the massive development of three of its blocks in the Neuqun formation of Vaca Muerta. 
 
The meeting will be held at the Casa del Neuqun, in the city of Buenos Aires. The Executive Vice President of Government Relations, John Crocker, will also participate in the meeting, which will take place in the Casa del Neuqun offices.
 
It should be recalled that the firm announced at the end of 2018 the move to the stage of mass development of three of the blocks it has in Vaca Muerta, oriented to oil production. In April, the decision was announced to make a total of 304 wells in the Sierras Blancas, Cruz de Lorena and Coirn Amargo Sur Oeste blocks to raise its production to a total of 70,000 barrels per day by 2025. 
 
Although it has not yet been Given the official amount of the investment committed, the company agreed to build three large reservoirs of water that will be linked to a secondary aqueduct that will travel 35 kilometers and a network of pipelines and 75 kilometers, the newspaper said. Black river".
 
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