Jan 10 (Reuters) - Madalena Energy Inc MVN.V :
* MADALENA PROVIDES AN OPERATIONAL UPDATE FOR THE FOURTH QUARTER 2018, HIGHLIGHTING A NEAR-TERM COMMITMENT REDUCTION AND PRODUCTION INCREASE
* MADALENA ENERGY - Q4 PRODUCTION WAS ABOUT 1,730 BOE/D (86% CRUDE OIL) BEFORE ROYALTIES, UP 8.8% FROM 1,590 BOE/D IN PRIOR QUARTER
* MADALENA ENERGY INC - DECEMBER PRODUCTION AVERAGED 2,100 BOE/D
* MADALENA ENERGY INC - FOR Q1 EXPECTS PRODUCTION TO AVERAGE ABOUT 2,025 BOE/D (91% OIL)
* MADALENA ENERGY - Q4 AVERAGE OIL, NGLS AND GAS SALES PRICE WAS ABOUT $53.93 VERSUS Q3 AVERAGE PRICE OF $56.54 PER BOE
* MADALENA ENERGY - FOR 2019, VERTICAL EXPLORATORY WELL WITH APPROXIMATE COST OF $2 MILLION TO BE DRILLED IN H2 IN PUESTO MORALES
* MADALENA ENERGY - REMAINING COMMITMENTS FOR PUESTO MORALES HAVE BEEN RE-SCHEDULED FOR 2020 AND 2021