Madalena announces financial and operating results for the three months ended March 31, 2013

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[{"type":"text","content":"\n\n\nCALGARY, May 28, 2013 /CNW/ - Madalena Ventures Inc. (TSXV: MVN) (the\n \"Company\" or \"Madalena\") is pleased to announce the filing on SEDAR of\n the unaudited interim consolidated financial statements and related\n Management's Discussion and Analysis (\"MD&A\") for the three months\n ended March 31, 2013. Selected financial and operational information is\n outlined below and should be read in conjunction with Madalena's\n unaudited interim consolidated financial statements and related MD&A\n which are available for review under the Company's profile at www.sedar.com and on the Company's website at www.madalena-ventures.com.\n\n\nSummary Financial and Operational Highlights\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n$CDN\n\n\n \n\n\nThree months endedMarch 31\n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n2012\n\n\nFinancial\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nOil and gas revenue\n\n\n \n\n\n \n\n\n3,609,743\n\n\n396,773\n\n\nNet loss\n\n\n \n\n\n \n\n\n(2,319,727)\n\n\n(1,167,365)\n\n\nPer share - basic and diluted\n\n\n \n\n\n \n\n\n(0.01)\n\n\n-\n\n\nCapital expenditures\n\n\n \n\n\n \n\n\n16,974,882\n\n\n6,691,664\n\n\nWorking capital\n\n\n \n\n\n \n\n\n12,364,101\n\n\n70,593,691\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nEquity outstanding \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nCommon shares\n\n\n \n\n\n \n\n\n316,090,885\n\n\n314,307,185\n\n\nStock options\n\n\n \n\n\n \n\n\n20,696,663\n\n\n13,690,366\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nOperating\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAverage Daily Production\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nCrude oil and condensate - Bbls/d\n\n\n \n\n\n \n\n\n316\n\n\n62\n\n\nNatural gas - Mcf/d\n\n\n \n\n\n \n\n\n2,677\n\n\n-\n\n\nNGLs - Bbls/d\n\n\n \n\n\n \n\n\n109\n\n\n-\n\n\nTotal  - boe /d(1)\n\n \n\n\n \n\n\n872\n\n\n62\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAverage Sales Prices\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nCrude oil and condensate - $/Bbl\n\n\n \n\n\n \n\n\n78.63\n\n\n77.19\n\n\nNatural gas -  $/Mcf\n\n\n \n\n\n \n\n\n3.29\n\n\n-\n...

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