Feb 26 (Reuters) - Madalena Energy Inc MVN.V :
* MADALENA ANNOUNCES 2019 CAPITAL BUDGET OF $38 MILLION, GUIDANCE FOR A 56% GROWTH IN PRODUCTION, AND TRANSITION FROM HISPANIA SERVICES AGREEMENT
* MADALENA ENERGY INC - AVERAGE 2019 PRODUCTION GUIDANCE OF 2,600-3,000 BOE/D
* MADALENA ENERGY INC - COMPANY IS TARGETING TO EXIT 2019 WITH A PRODUCTION RATE OF 2,700-3,500 BOE/D
* MADALENA ENERGY INC - "EXPECT MADALENA'S 2019 OPERATING PLANS TO YIELD SUBSTANTIAL ORGANIC PRODUCTION GROWTH"
* MADALENA ENERGY INC - SERVICES AGREEMENT WITH HISPANIA ENTERED INTO EFFECTIVE MAY 8, 2017 WILL TERMINATE ON MARCH 31, 2019