CALGARY, Feb. 25, 2016 /CNW/ - Madalena Energy Inc.
("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF)
is pleased to announce it has been recognized as a 2016 TSX Venture
50® company.
Kevin Shaw, President and CEO,
commented:
"Achieving a top tier ranking on the TSX Venture 50® is a great
honour and recognition for Madalena. The Company would like to
acknowledge the support of our shareholders as we continue to grow
our Argentina energy business and
strategically execute to unlock value from our unconventional shale
and scalable resource plays."
The TSX Venture 50® is an annual ranking of the top 10 companies
listed on the TSX Venture Exchange in each of the five major
industry sectors: Mining, Oil & Gas, Clean Technology
& Life Sciences, Diversified Industries, and Technology – based
on a ranking with equal weighting given to return on investment,
market capitalization growth, trading volume and analyst
coverage. All data was as of December
31, 2015. Madalena was selected in the Oil & Gas
Sector.
About Madalena Energy
Madalena is an independent, Canadian-based Argentina focused, upstream oil and gas
company.
Madalena holds approximately 950,000 net acres in four provinces
of Argentina where it is focused
on the delineation of large shale and unconventional resources in
the Vaca Muerta shale, Lower Agrio shale, Loma Montosa oil play and the Mulichinco
liquids-rich gas play. The Company is implementing horizontal
drilling and completions technology to develop both its
conventional and resource plays.
Madalena trades on the TSX Venture Exchange under the symbol MVN
and on the OTCQX under the symbol MDLNF.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Madalena Energy Inc.