Madalena Announces Appointment of New VP Finance & CFO and Launches Updated Corporate Website
CALGARY, Feb. 20, 2013 /PRNewswire via COMTEX/ --
TSXV Trading Symbol: MVN
Madalena Ventures Inc. (the "Company" or
"Madalena" (TSX VENTURE: MVN) is pleased to announce that Mr. Thomas
Love has been appointed Vice President, Finance and Chief Financial
Officer of the Company, effective February 28, 2013. Mr. Love is a
Chartered Accountant with over 35 years of experience in the oil and
gas industry, including both Western Canadian and International
experience. Most recently, Mr. Love was the former CFO and a director
of Online Energy Inc. ("Online") and had been providing consulting
services to the Company since the acquisition of Online. Prior to his
role at Online, he was the CFO of Trimox Energy Inc. and Moxie
Exploration Ltd., and President and Chief Executive Officer of Moxie
Petroleum Ltd, where he worked alongside members of the new Madalena
management team. Earlier in Mr. Love's career, he was involved in
running the Canadian operations of a U.K. based International E&P and
articled at Ernst & Young LLP.
Madalena has also recently launched an updated version of its corporate
website where basic corporate information, recent news releases and
regularly updated corporate presentations are available. The website
may be accessed at www.madalena-ventures.com.
About Madalena - Domestic and International Assets
Madalena is an independent, Canadian-based, domestic and international
upstream oil and gas company whose main business activities include
exploration, development and production of crude oil, natural gas
liquids and natural gas.
Domestically, Madalena holds a significant acreage position in Western
Canada, with a core area of operations located in the Greater Paddle
River area, where the company holds approximately 200 gross (greater
than 150 net) sections of land across multiple light oil and
liquids-rich gas resource plays. Madalena's focus domestically is to
exploit its large inventory of horizontal development locations in its
Ostracod oil, Notikewin/Wilrich liquids-rich gas, and Nordegg oil &
liquids-rich resource plays. Madalena also holds more than 100
sections (100% W.I.) which are prospective for the Duvernay shale.
Internationally, Madalena holds three large blocks within the prolific
Neuquén basin in Argentina and is focused on the delineation and
prove-up of its large petroleum in-place shale & unconventional
resources in the Vaca Muerta and Agrio shales, alongside high impact
plays in the Quintuco and Mulichinco formations. Madalena holds
135,000 net acres across the Coiron Amargo (35,027 net acres),
Curamhuele (50,400 net acres) and Cortadera (49,600 net acres) blocks.
Madalena trades on the TSX Venture Exchange under the symbol MVN.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Madalena Ventures Inc.
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