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Madalena Energy Inc. MDLNF

Energy Oil & Gas E&P
"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

Madalena Energy Inc. > merging with Crown Point
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Comment by Schussing56on Jan 11, 2021 8:46am
617 Views
Post# 32265613

RE:RE:merging with Crown Point

RE:RE:merging with Crown PointThere's a lot of potential.  I think the Vaca Muerta alone has close to 1 billion barrels of proven resources.  The problem is the political situation in Argentina makes the oil expensive to drill.  Foreign companies need $50 oil just to break even in Argentina so they must rely on concessions from the government to make their enterprises profitable.  Christina Fernandez has given CWV and CTA the help so, currently, this combination has the potential to be very profitable.  GLTA!
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