November 23, 2016 / 10:47 AM / a year ago

BRIEF-Madalena reports Q3 loss per share of $0.02

Nov 23 (Reuters) - Madalena Energy Inc

* Qtrly loss per share $0.02

* Qtrly oil and gas revenue 11.7 million versus 20.8 million

* Undertaking a review of operating assets in order to determine extent of financial impact caused by lower oil prices

* Clear that reduction in oil prices communicated to company by refiners will have a significant negative impact

* All capital spending has been limited or deferred

* Actively involved in negotiations with number of parties who have expressed interest in various transactions with madalena

* Madalena energy - without infusion of capital or successful outcome from strategic alternatives process in soon, may not be able to continue as going concern

* Madalena announces q3 - 2016 results Source text for Eikon: Further company coverage:

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