Steve P
4 years ago
I own this stock since 2014 with an average of 0.45, i managed to have now 0.10 average, but as you said since the deal didn't go through, we don't really know the future.My hope was that they look for a better deal, but if we don't hear anything,we may loose our money, if they do though we will be winners
Auricgoldfinqer
7 years ago
Forthcoming Catalysts for Madalena Energy whose biggest shareholder is Maglan Capital out of New York City. They own about 20% of Madalena shares.
.With respect to the next few months, they expect the following barrage of positive catalysts, which will help move Madalenaโs stock-price higher, toward their USD 2/share target-price
· Q4 financial results with going-concern language dropped
· details on NEW conventional play (disclosed in recent CEO interview)
· renegotiated drilling commitments in Salta Province and in Rio Negro Province
· initial production results from CAS.x-14
· increased cost efficiencies to increase cash-flow (~USD 8mm annual FCF)
· increased conventional production through asset purchases; e.g. currently, bidding on YPF non-core assets...http://translate.google.com/translate?sl=auto&sl=es&tl=en&js=n&u=http://econojournal.com.ar/2018/02/ypf-define-la-venta-de-cuatro-yacimientos-de-petroleo-en-rio-negro
· stock listing and trading on the MERVAL (Argentina stock-exchange)
· JVs on other 100% WI, unconventional blocks (Curamhuele, Valle Morado)
· MSCI upgrade of Argentina from โFrontier Marketโ to โEmerging Marketโ status
· continued strength in price of oil
coachbob
9 years ago
Madalena shareholder Maglan holds 14.81% of shares
2015-07-31 06:40 MT - News Release
An anonymous representative of Maglan Capital reports
MAGLAN CAPITAL DISCLOSES ITS POSITION IN MADALENA ENERGY INC.
During the period of Feb. 11, 2015, to March 4, 2015, Maglan Capital LP, on behalf of Maglan Distressed Master Fund LP and certain managed accounts for which it has discretionary trading authority, acquired beneficial ownership of 10,866,900 common shares of Madalena Energy Inc., representing approximately 2.01 per cent of the then issued and outstanding common shares, on a partially diluted basis, of Madalena. After giving effect to the acquisition of the acquired shares, Maglan Capital controlled and directed 68,766,900 common shares of Madalena, representing approximately 12.74 per cent of the issued and outstanding common shares, on a partially diluted basis, of Madalena.
During the period of March 7, 2015, to July 30, 2015, Maglan Capital on behalf of Maglan fund and certain managed accounts for which it has discretionary trading authority acquired beneficial ownership of an additional 11,162,600 common shares of Madalena, representing approximately 2.07 per cent of the issued and outstanding common shares, on a partially diluted basis, of Madalena. After giving effect to the acquisition of the additional acquired shares, Maglan Capital controls and directs 79,929,500 common shares of Madalena, representing approximately 14.81 per cent of the issued and outstanding common shares, on a partially diluted basis, of Madalena.
The acquisition of the additional acquired shares occurred through the facilities of the TSX Venture Exchange at a price per additional acquired share of between 31 cents and 41 cents. The additional acquired shares were acquired for investment purposes. Maglan may dispose of its holdings or acquire ownership of, or control or direction over, additional securities of Madalena, depending on market conditions and in compliance with applicable law.
The issuance of this news release is not an admission that an entity named in this news release owns or controls any described securities or is a joint actor with another named entity.
Maglan Capital is located at 25 West 39th St., New York, N.Y., 10018, United States.
© 2015 Canjex Publishing Ltd. All rights reserved.
rattlewatch
9 years ago
The Q1 10Q came out last week , links below. Some options being exercised in Q1 and later, which is interesting at these pps levels.
Thanks for the heads-up and gl with the other play also
xxx
2015
On March 13, 2015, 533,333 common shares were issued pursuant to the exercise of options for cash proceeds of
$155,000. Subsequent to the end of the Quarter, 716,666 common shares were issued pursuant to the execise of
options for cash proceeds of $226,833.
http://www.madalenaenergy.com/download/March%2031%202015%20FS%20-%20FINAL.pdf
http://www.madalenaenergy.com/download/Madalena%20March%2031%202015%20MDA%20-%20FINAL.pdf
rattlewatch
9 years ago
Maglan Capital quoted in the article about Argentina below.
xxx
WSJ: "Argentina, Once Shunned, Regains Its Allure"
"Hedge funds see promise with presidentโs departure"
By Gregory Zuckerman
May 27, 2015 5:48 p.m. ET
"Hedge funds are piling into investments in a most unlikely locale: Argentina."
โArgentina has been a bad situation, but with some changes it can get considerably better,โ says David Tawil, president of hedge fund Maglan Capital LP, which manages $80 million and owns 14% of Madalena Energy, a small Argentine energy company that trades abroad. โThe upside is enormous.โ
read the rest
http://www.wsj.com/articles/argentina-once-shunned-regains-its-allure-1432763318
rattlewatch
10 years ago
Good article by them on the twitter feed.
xxxx
"AmCham Says US Firms Will Invest Billions in Argentina This Year"
"By Narayan Ammachchi
"Alejandro Díaz, President of the U.S. Chamber of Commerce in Argentina (AmCham), has stated that U.S. companies in in the South American country are performing well and that investment will increase dramatically in the years to come."
"According to his statement, published by Buenos Aires Herald, U.S. businesses are set to invest US$20billion over the next year, particularly in the countryโs oil and gas sector."
โWe are talking about a figure that is three times bigger than the overall foreign investment in Argentina,โ Díaz said, adding that the energy sector was offering โincredible opportunityโ.
read the rest
http://www.nearshoreamericas.com/amcham-firms-invest-billions-argentina/