Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

BRIEF-Madalena qtrly oil and gas production rises 155 pct

Published 2015-08-26, 08:19 a/m
Updated 2015-08-26, 08:27 a/m
© Reuters.  BRIEF-Madalena qtrly oil and gas production rises 155 pct

Aug 26 (Reuters) - Madalena Energy Inc MVN.V :
* Announces Q2 - 2015 financial and operational results, enhanced financial
flexibility with Argentina oil incentives, concession renewal at puesto
morales and drilling update
* Qtrly oil and gas production increased to 3,996 boe/d, up 155 pct from Q2-2014 and 11 pct from Q1 - 2015
* Says production expected to increase in q4-2015 with addition of new
horizontal wells being drilled in Argentina
* Qtrly earnings per share - basic and diluted $0.01
* Says expects q3-2015 corporate sales volumes to average approximately 3,550
boe/d (96% from Argentina)
* Says no new wells expected to be brought on-stream during the third quarter
* Says production is expected to increase in q4-2015 with the addition of new
horizontal wells being drilled in Argentina

* Source text for Eikon ID:nPrerX1xLa

* Further company coverage MVN.V

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.