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MADALENA PROVIDES UPDATE ON CAN X-1 EXPLORATION WELL
MADALENA PROVIDES UPDATE ON CAN X-1 EXPLORATION WELL
About this update from Centaurus Energy Inc.
[{"type":"text","content":"\n\n\n\n Nov. 16, 2010 (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, Nov. 16 /CNW/ - Madalena Ventures Inc. and its wholly owned\n subsidiary Madalena Austral SA ("Madalena" or the "Corporation"), is\n pleased to provide an update on the results from its drilling and\n testing operations on the CAN-X1 exploration well located on the Coiron\n Amargo Block ("Block") in the Province of Neuquén, Argentina. The CAN\n X-1 exploration well was drilled to a total depth ("TD") of 10,930 feet\n and encountered several zones with hydrocarbon potential.\n\n\nDuring testing, two intervals totaling 26 feet were perforated in the\n Sierras Blancas formation. After fracture stimulation, the well tested\n over a 22 hour period at flow rates of between 660 - 1,620 bopd of 40\n degree API light crude oil with 1,170-1,350 mcfd of gas at flow\n pressures between 445 - 1,000 psi wellhead pressure yielding total flow\n test rates of 850 - 1,851 boepd.  \n\n\nThe Corporation intends to complete testing operations over the next\n several days and place the well on production. Once testing is complete\n the joint venture will return to continue testing the CAN X-3\n exploration well drilled in August 2010. The Block covers an area of\n approximately 102,000 acres (160 sections) and the Corporation has\n established ...