TSXV: MVN    
OTCQX: MDLNF    

Nordegg Oil & Liquids-Rich Gas

This horizontal resource play focuses on oil & liquids-rich gas in the Nordegg formation. Madalena has approximately 140 net sections of Nordegg rights containing or proximal to vertical wells that produce oil and/or liquids-rich gas (up to 130 bbls/mmcf) from the Nordegg formation. Madalena utilizes horizontal multi-frac technology to develop this emerging resource play. The reservoir is approximately 13m thick and is widespread across Madalena's sizeable land position. Madalena's current land base on this play will support a significant number of horizontal locations. The company has significant infrastructure including oil batteries, compressors, pipelines and water disposal facilities in the area to support future Nordegg development.