TICKER: MVN:TSX.V; MDLNF:OTCPK
Madalena Energy Inc. is an independent, Canada-based, international and domestic upstream oil and gas company whose main business activities include development, exploration and production from conventional and unconventional resources (large-in-place shale and tight sands). The company's strategy is to create value and provide superior returns to its 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.
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So far, [the Vaca Muerta shale] is the only play on earth that could be more oil-charged than the Bakken. Everyone is familiar with fracking. Usually companies will do 20 fracks in a well. In the Bakken, you might get 10 bbl per frack. In the Vaca Muerta, explorers are seeing as many as 50 bbl per frack. It is very highly oil-charged."
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