A private Argentine oil and gas company agreed to acquire El Vinalar concession from Madalena Energy Inc. (TSXV:MVN) in December, 2018. As a result, Madalena will be able to write off current liabilities related to decommissioning obligations in an expected amount of approximately $4 million. A private Argentine oil and gas company completed the acquisition of El Vinalar concession from Madalena Energy Inc. (TSXV:MVN) on January 10, 2019.