Brief: Madalena Energy Says For Q1 Expects Production To Average About 2,025 BOE/d (91 Pct Oil)

Centaurus Energy

10/01/2019 13:18

Jan 10 (Reuters) - Madalena Energy Inc  MVN.V :
    * MADALENA PROVIDES AN OPERATIONAL UPDATE FOR THE FOURTH
QUARTER
2018, HIGHLIGHTING A NEAR-TERM COMMITMENT REDUCTION AND
PRODUCTION INCREASE
    * MADALENA ENERGY - Q4 PRODUCTION WAS ABOUT 1,730 BOE/D (86%
CRUDE
OIL) BEFORE ROYALTIES, UP 8.8% FROM 1,590 BOE/D IN PRIOR QUARTER
    * MADALENA ENERGY INC - DECEMBER PRODUCTION AVERAGED 2,100
BOE/D
    * MADALENA ENERGY INC - FOR Q1 EXPECTS PRODUCTION TO AVERAGE
ABOUT
2,025 BOE/D (91% OIL)
    * MADALENA ENERGY - Q4 AVERAGE OIL, NGLS AND GAS SALES PRICE
WAS
ABOUT $53.93 VERSUS Q3 AVERAGE PRICE OF $56.54 PER BOE
    * MADALENA ENERGY - FOR 2019, VERTICAL EXPLORATORY WELL WITH
APPROXIMATE COST OF $2 MILLION TO BE DRILLED IN H2 IN PUESTO
MORALES
    * MADALENA ENERGY - REMAINING COMMITMENTS FOR PUESTO MORALES
HAVE
BEEN RE-SCHEDULED FOR 2020 AND 2021

Source text for Eikon:  ID:nGNXb7f6pT 
Further company coverage:  MVN.V 

 (Reuters.Briefs@thomsonreuters.com)