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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Cal Gary who wrote (16229)	10/4/2010 10:28:04 PM
From: architect*	of 24920

Madalena Ventures MVN.v madalena-ventures.com Madalena Ventures appears to have over $10 / share in unrisked exploration in the portfolio. Coiron Amargo 53% net - 30 mmbo Curamhuele 70% net 150mm - 400 mmbo Filo morado 70% net - 64 mmbo Cortadea 90% net - 70 mmbo Cortadea 90% net - big natural gas Northern Argentina Some of this is low cost light oil and natural gas in the North of Argentina I believe near GTE's Northern Argentina blocks. GTE's Valle Morado is 3 Tcf PIIP, and has been shut-in for years due to Argentina's poor fiscal terms for gas. GTE has all but shut in their Argentina oil production, decding not to appraise a norther Argentina oil disocvery Proa oil field. All things considered these are big mostly oil prospects for a penny stock. Argentina takes a big piece of the pie, but Argentina needs to encourage E&P exploration investment which has been declining rapidly. Watchlist prospect, no position.

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