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MADALENA CASES THE CAN X-4 WELL AS A POTENTIAL OIL DISCOVERY
May 10, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERV...
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[{"type":"text","content":"\n\n\n May 10, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ \n\n\nTSXV Trading Symbol: MVN \n\n\nCALGARY, May 10 /CNW/ - Madalena Ventures Inc. and its wholly owned\n subsidiary Madalena Austral SA ("Madalena" or the "Corporation"),\n announces that the Corporation's CAN X-4 exploratory well on the Coiron\n Amargo Block has been cased as a potential oil discovery. The well is\n situated on a separately defined 3D drilling anomaly located between\n the CAN X-1 and CAN X-2 wells.\n\n\nThe CAN X-4 exploration well was drilled to total depth ("TD") of 11,027\n feet and has been cased to TD.  Both oil and gas shows were evident\n during the drilling of the Vaca Muerta and Sierras Blancas formations.\n Based on electric logs, the Vaca Muerta formation had similar thickness\n and characteristics to the other four wells the Corporation has drilled\n on the block. In the Sierras Blancas formation, the well encountered a\n potential gross hydrocarbon column of 92 feet.\n\n\nThe Corporation now plans to return to the CAS X-1 well drilled in April\n 2011 in the southern portion of the block to test both the Sierras\n Blancas and Vaca Muerta formations encountered by the well.  Part of\n the test is expected to include a fracture stimulation of the Vaca\n Muerta formation and combined test results will be reported as soon as\n they are available.
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