Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/madalena-increases-its-production-capability-to-ap.shtmlMadalena increases its production capability to approximately 2,000 boe/d
Madalena Ventures Inc. provide operational updates across its
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Madalena Ventures Inc. provide operational updates across its Western Canadian (domestic) and International assets.
With the focus on production growth to start 2013, Madalena's productive capability is approximately 2,000 boe/d (44% oil and natural gas liquids (NGLs)), representing a 900% increase from the Company's October 2012 production level. The Company has a current base production of approximately 1,200 boe/d (43% oil & NGLs) with in excess of 1,200 boe/d of tested volumes behind pipe from recently completed Ostracod horizontal development wells.
At Paddle River, fracing and testing operations have been completed at Madalena's two recently drilled 100% working interest Ostracod horizontal oil wells. The first well reached a total depth of 2,776 metres, including a 1,056 metre horizontal trajectory.
