Brief: Madalena reports Q3 loss per share of $0.02

Centaurus Energy

23/11/2016 02:29

Nov 23 (Reuters) - Madalena Energy Inc  MVN.V  
    * Qtrly loss per share $0.02 
    * Qtrly oil and gas revenue 11.7 million versus 20.8 million 
    * Undertaking a review of operating assets in order to 
determine extent of financial impact caused by lower oil prices 
    * Clear that reduction in oil prices communicated to company 
by refiners will have a significant negative impact 
    * All capital spending has been limited or deferred 
    * Actively involved in negotiations with number of parties 
who have expressed interest in various transactions with 
madalena 
    * Madalena energy - without infusion of capital or 
successful outcome from strategic alternatives process in soon, 
may not be able to continue as going concern 
    * Madalena announces q3 - 2016 results 
 
Source text for Eikon:  ID:nPn5kncpLa  
Further company coverage:  MVN.V  
 
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