Madalena Provides an Update on its Domestic and International Operations and Increases its Production Capability to Approximately 2,000 boe/d

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[{"type":"text","content":"\n\n\n\n\n\nTSXV Trading Symbol: MVN\n\n\nCALGARY, April 15, 2013 /CNW/ - Madalena Ventures Inc. (TSXV: MVN) (the\n \"Company\" or \"Madalena\") is pleased to provide operational updates\n across its Western Canadian (\"domestic\") and International assets.\n\n\nWith the focus on production growth to start 2013, Madalena's productive\n capability is approximately 2,000 boe/d (44% oil and natural gas\n liquids (\"NGLs\")), representing a 900% increase from the Company's\n October 2012 production level. The Company has a current base\n production of approximately 1,200 boe/d (43% oil & NGLs) with in excess\n of 1,200 boe/d of tested volumes behind pipe from recently completed\n Ostracod horizontal development wells.\n\n\nWestern Canada Operations Update - Greater Paddle River Core Area\n\n\nHorizontal Resource Play #1 - Ostracod light oil\n\n\nAt Paddle River, fracing and testing operations have been completed at\n Madalena's two recently drilled 100% working interest Ostracod\n horizontal oil wells. The first well reached a total depth of 2,776\n metres, including a 1,056 metre horizontal trajectory. Completion\n operations included a 13-stage multi-frac program where a total of\n 6,094 barrels of water-based load fluid was pumped. The well was\n subsequently production tested for three days during which time the\n well flowed continuously and recovered a total of 4,633 barrels of load\n fluid (76%). During the three day test, the well flowed 37° API oil and\n gas at an average rate of 707 boe/d (39% oil). Flowing pressures\n remained relatively stable at approximately 1,400 kPa during the final\n 24 hours of the test. After accounting for shrinkage and NGLs recovery\n at the local production facility, sales production over the final 24\n hours would equate to approximately 719 boe/d (46% oil & NGLs).\n\n\nThe second well reached a total depth of 2,880 metres, including a 1,140\n metre horizontal trajectory. Completion operations included a 14-stage\n multi-frac program where a total of 6,320 barrels of water-based load\n fluid was pumped. The well was subsequently production tested for three\n days during which time the well flowed continuously and recovered a\n total of 2,430 barrels of load fluid (38%). During the three day test,\n the well flowed 33° API oil and gas at an average rate of 566 boe/d\n (24% oil...

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