March 1, 2010 Press Release - Madalena Announces Agreement to Sell Tunisian Property
February 1, 2010 Press Release - Grant of Options
February 1, 2010 Press Release - Appointment and Resignation
December 30, 2009 Press Release - Closing of Prospectus Offering
December 2, 2009 Press Release - Madalena Announces Best Efforts Short Form Prospectus Offering
November 12, 2009 Press Release - Coiron Farmout and Argentina Update
August 27, 2009 Press Release - Sale of Canadian Properties
April 20, 2009 Press Release - Tunisia Remada Sud TT2 Workover and Test Results
In March of 2006 Madalena shifted its focus from Canadian mining operations to international oil and gas exploration and development. An experienced international management team joined Madalena in April 2006. Madalena´s strategy is to create value and provide superior returns 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.
The Company is focused on South America and Tunisia for the establishment of its core asset bases.
Strategic alliances negotiated with other international companies and local operating companies established in these core areas have yielded a number of prospective investment opportunities for Madalena.
In May and June of 2006, Madalena announced that it had entered into Seismic Option and Joint Venture Agreements with Storm Ventures International Inc. to conduct operations on highly prospective exploration blocks in Tunisia. In October 2007 Madalena successfully acquired three significant exploration and development blocks in the Neuquen basin of Argentina.
The Company has conducted and interpreted five extensive geophysical programs and drilled two exploration wells. Both exploration wells, one in Tunisia and one in Argentina, were highly successful and have identified numerous development drilling opportunities with significant upside to shareholders. Management is focused on the evaluation of various mechanisms including off balance sheet financing to provide the capital required to develop its considerable development and exploration projects.
Madalena is listed on the TSX Venture Exchange under the symbol "MVN"