Calgary Company Raises $50 million for Argentinian O & G Exp
July 7, 2014 https://www.madalenaenergy.com/download/July%207%202014%20Closing%20-%20over-allotment%20option%20-%20final.pdf Doing some catch up due diligence and I noticed that Madelena Energy, a Calgary company, announced on July 7, 2014 that they had closed on their fully subscribed bought deal financing of 57 million dollars with a 7 million dollar over allotment. The Syndicate of investors was lead by Dundee Securities and included RBC, Haywood, Beacon, National Bank, First Energy, Mackie, TD, Canaccord, Jennings and Raymond James. A large financing of a junior Calgary Oil Company in Argentina using most of the major brokerage houses in Calgary. ArPetrol does not need to raise capital at this time. But clearly there is considerable renewed interest by the financial community in Argentinian Oil and Gas companies. By virtue of this, it would seem that there will be a great more interest in ArPetrol in the near term as well. As well, as this point to Madalena Energy being a good target for joint venture and potentially us acquiring them or them acquiring us .. Or both companies growing in Argentina in a big way. There are vast tracts of open land in Argentina that are highly prospective for oil and gas development. The government continues to provide incentives for oil and gas exploration and production in Argentina. It is also interesting to note that ArPetrol is significantly undervalued in the markets when compared to Madalena Energy. Exciting times. Doc.