Centaurus Energy Inc

Recent News

  • Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces 2019 Financial Results and Operational Update

    Buenos Aires, Argentina--(Newsfile Corp. - April 30, 2020) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) ("Centaurus" or the "Company") is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2019. Centaurus' CEO David Tawil commented: "I am encouraged by the growth in the Company's production and reserves in this challenging environment. The Company is progressing with optimizing its operations, rationalizing its cost structure and being a nimble and flexible participant...

    2020-04-30 3:44 PM ET
  • Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces "IP30" Production Tests of Horizontal Multi-Frac Wells CASE-301(h) at Coiron Amargo Sur Este in Vaca Muerta Formation

    Buenos Aires, Argentina--(Newsfile Corp. - April 23, 2020) - Centaurus Energy Inc. (TSXV: CTA), (OTCQX: CTARF) ("Centaurus" or the "Company") is pleased to announce that Pan American Energy ("PAE"), Centaurus' partner, successfully tested the CASE-301(h) horizontal multi-frac well in the Vaca Muerta Shale Formation at the Coiron Amargo Sur Este ("CASE") block in Argentina.CASE- 301(h), the fourth of the five well program, was completed and connected to early production facilities on February 3, 2020 and achieved a 30-day average initial production...

    2020-04-23 8:00 AM ET
  • Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces "IP90" Production Tests of Horizontal Multi-Frac Wells Case 101(h) and Case-501(h) at Coiron Amargo Sur Este in Vaca Muerta Formation

    Buenos Aires, Argentina--(Newsfile Corp. - April 14, 2020) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) ("Centaurus" or the "Company") is pleased to announce, that Pan American Energy ("PAE"), Centaurus' partner, successfully tested the CASE-101(h) and CASE-501(h) horizontal multi-frac wells in the Vaca Muerta shale formation at the Coiron Amargo Sur Este ("CASE") block in Argentina. PAE holds a 55% working interest in, and is the operator of, the CASE block.Centaurus' Interim CEO, David Tawil, commented: "We are pleased with...

    2020-04-14 8:00 AM ET
  • Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Provides Update on Credit Facilities and Announces Board Changes

    Buenos Aires, Argentina--(Newsfile Corp. - April 9, 2020) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) ("Centaurus" or the "Company") announces that it has extended the binding term sheet respecting debt financing agreements with Maglan Distressed Master Fund LP ("Maglan"), as previously announced on March 25, 2020 (the "Agreement"). Under the amended terms of the Agreement, the parties will have until June 30, 2020 to enter into definitive agreements respecting the convertible and non-convertible loan facilities (the "Maglan Facilities")....

    2020-04-09 8:00 AM ET
  • Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces 172% Growth in Proved and 178% Growth in Proved Plus Probable Reserves of Tight Oil

    Buenos Aires, Argentina--(Newsfile Corp. - April 3, 2020) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) ("Centaurus" or the "Company") is pleased to announce the results of its annual independent reserves assessment as at December 31, 2019.All dollar amounts are in United States dollars and all reserves and production volumes are on a working interest before royalties ("WI") basis and are expressed in barrels ("bbl") of oil equivalent ("boe"), unless otherwise indicated.Centaurus' Interim CEO David Tawil commented: "In 2019, Centaurus...

    2020-04-03 8:00 AM ET
  • Centaurus Energy Inc. Announces Production Test of Horizontal Multi-Frac Well CASE-401(h) at Coiron Amargo Sur Este in Vaca Muerta Formation

    Buenos Aires, Argentina--(Newsfile Corp. - March 30, 2020) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) ("Centaurus" or the "Company") is pleased to announce, that Pan American Energy ("PAE"), Centaurus' Partner, successfully completed and tested the CASE-401h multi-frac well in the Vaca Muerta Shale Formation at the Coiron Amargo Sur Este ("CASE") block in Argentina. This is the third of a five well program.The well was drilled with an approximate horizontal lateral length of 2,000 meters at a vertical...

    2020-03-30 8:00 AM ET
  • Centaurus Energy Inc. Receives Notice from KD Energy

    Calgary, Alberta--(Newsfile Corp. - March 27, 2020) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) ("Centaurus" or the "Company") announces that it has received a notice of default and reservation of rights (the "Notice") from KD Energy International Capital Limited ("KD Energy") and Hispania Petroleum S.A. ("Hispania", and together with KD Energy, the "Old Lenders"). In the Notice, the Old Lenders allege that the Company is in default of the terms of the Amended and Restated Convertible...

    2020-03-27 5:40 PM ET
  • Centaurus Energy Inc. (Formerly Madalena Energy Inc.) Announces New Credit Facilities, Appointment of New Board Members and Management Changes

    Calgary, Alberta--(Newsfile Corp. - March 25, 2020) - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) ("Centaurus" or the "Company") announces that it has entered into a binding term sheet with respect to a debt financing agreement with Maglan Distressed Master Fund LP (the "Agreement") pursuant to which the Company will have access of up to US$23 million, accruing interest on draws at the rate of 7% per annum, in the form of convertible and non-convertible loan facilities (the "Maglan Facilities"). Proceeds...

    2020-03-25 8:00 AM ET