Brief: Madalena Announces 2019 Capital Budget Of $38 Million
26/02/2019 13:54
Feb 26 (Reuters) - Madalena Energy Inc MVN.V :
* MADALENA ANNOUNCES 2019 CAPITAL BUDGET OF $38 MILLION,
GUIDANCE
FOR A 56% GROWTH IN PRODUCTION, AND TRANSITION FROM HISPANIA
SERVICES AGREEMENT
* MADALENA ENERGY INC - AVERAGE 2019 PRODUCTION GUIDANCE OF
2,600-3,000 BOE/D
* MADALENA ENERGY INC - COMPANY IS TARGETING TO EXIT 2019
WITH A
PRODUCTION RATE OF 2,700-3,500 BOE/D
* MADALENA ENERGY INC - "EXPECT MADALENA'S 2019 OPERATING
PLANS TO
YIELD SUBSTANTIAL ORGANIC PRODUCTION GROWTH"
* MADALENA ENERGY INC - SERVICES AGREEMENT WITH HISPANIA
ENTERED
INTO EFFECTIVE MAY 8, 2017 WILL TERMINATE ON MARCH 31, 2019
Source text for Eikon: ID:nGNX7h54Z8
Further company coverage: MVN.V
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Centaurus Energy
See all newsEnergy and commods hedge funds post big gains as prices skyrocket
Brief: Crown Point Energy And Centaurus Energy Enter Into Term Sheet And Propose To Merge In A Stock-Based Business Combination
Brief: Madalena Announces 2019 Capital Budget Of $38 Million
Brief: Madalena Energy Says For Q1 Expects Production To Average About 2,025 BOE/d (91 Pct Oil)
Brief: Madalena Announces Operation Agreement On Palmar Largo Concession With Province Of Formosa