Madalena Ventures Inc. provided information on the Company's unconventional shale resources on its three land blocks within the Neuquen basin, Argentina.
These resources were evaluated by Ryder Scott Petroleum Consultants Ltd. in a report dated effective December 31, 2012. All of the Company's international properties, which are located within the Neuquen basin, Argentina, were reviewed in the Resource Report although not all of the potential resources and formations were evaluated. All values disclosed herein are net to Madalena's interest.
The following are summary results of the independent evaluation completed by Ryder Scott for all three blocks held by Madalena.
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