Business
Madalena Announces 2018 Year-End Financial Results and Q1 - 2019 Operational Update
Buenos Aires, Argentina--(Newsfile Corp. - April 9, 2019) - Madalena Energy Inc. (TSXV: MVN) (...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"Madalena Announces 2018 Year-End Financial Results and Q1 - 2019 Operational Update(All dollar figures are expressed in United States dollars unless otherwise stated)Buenos Aires, Argentina--(Newsfile Corp. - April 9, 2019) - Madalena Energy Inc. (TSXV: MVN) (OTCQX: MDLNF) (\"Madalena\" or the \"Company\")  announces its operating and financial results for the three and twelve months ended December 31, 2018. Madalena's CEO Jose Penafiel commented: \"I am very pleased to announce Madalena achieved its first quarter of positive earnings during the fourth quarter of 2018, which I view as a clear indication that the hard work that our team has been doing is yielding a positive result for our bottom line. Unfortunately, our timing expectations for drilling activity on our non-operated blocks have not been met, but we remain very excited about the likelihood of that work starting over coming months and we are pleased with positive results from the management of our conventional operated assets at Palmar Largo and Surubi.\"CONFERENCE CALLAs previously announced, the Company plans to hold an investor conference call to discuss the Company's operating and 2018 annual financial results on Wednesday, April 10, 2019 at 8:00 a.m. MDT (10:00 a.m. EDT). Analysts and investors are invited to participate using the following dial-in numbers:Local Dial-in Number: (+1) 587 880 2171Toll Free Dial-in Number North America: (+1) 888 390 0546Toll Free Dial-in Number United Kingdom: 08006522435Toll Free Dial-in Number Argentina: 08004448221Selected information is outlined below and should be read in conjunction with Madalena's audited consolidated financial statements for the three and twelve months ended December 31, 2018, the associated management's discussion and analysis (\"MD&A\") and the Annual Information Form (the \"AIF\") for the year ended December 31, 2018, which are available for review under the Company's profile at www.sedar.com and on the Company's website at www.madalenaenergy.com. SUMMARY FINANCIAL AND OPERATIONAL RESULTS     Three months ended     Twelve months ended       December 31     December 31       2018     2017     2018     2017   Financial – ($000s, except per share amounts) Oil and gas revenue   7,822   &#x...