TSXV: MVN    
OTCQX: MDLNF    

Ostracod Oil

This horizontal play focuses on Ostracod light oil (30 degrees API gravity) and is highlighted by a >50 net section acreage position and an inventory of identified horizontal locations. The high quality reservoir is within a marine sandstone that was deposited throughout the area in widespread shoreface sand bars.

Madalena has drilled multiple 100% working interest horizontal wells to date on this play and has constructed significant infrastructure to ensure that the company's oil and gas production base in the area continues to produce efficiently and without interruption.