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Winston Capital Partners, LP was formed by Mike Winston, CFA after five years of successful arbitrage and event-driven investing at Millennium Partners. The fund is focused on event-driven and intrinsic value investing. Mr. Winston received an MBA in Finance and Economics from Columbia Business... More
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  • Madelena Strikes Oil And Gas In Argentina (Corion Amargo) 0 comments
    Dec 27, 2013 9:54 AM | about stocks: MDLNF

    The well is flowing 2,238 boe/d (80% oil) and with a 35% net working interest that would be 783 boe/d net to the company. Given that current production is about 189 boe/d in Argentina, this is very good news indeed.

    Before this result, overall company production stood at 1,793 boe/d (189 boe/d Argentina + 1,604 Canada). Now production goes to roughly 2,576 boe/d, up 43.7% on a combined basis. In January, the company expects results from another well nearby.

    Here is the press release:

    www.newswire.ca/en/story/1284603/madalen...-argentina

    Disclosure: I am long OTCQX:MDLNF.

    Stocks: MDLNF
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