CALGARY, ALBERTA--(Marketwired - Oct 9, 2014) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to provide an operational update, highlighted by our discovery of hydrocarbons on Block 183, with over 189 metres of potential net hydrocarbon pay in our 183(1) well. The 183(1) well is located on Block 183 in the Recôncavo Basin, in the State of Bahia, Brazil. Our initial objective with our first two-well drilling program was to prove the resource potential of the Gomo Member of the Candeias Formation. We have now drilled two highly successful wells, achieving significant milestones towards our objective. We have proven hydrocarbon deliverability on an unstimulated basis, at depth, in the core of our play fairway and added considerable deep basin natural gas po... [...]
CALGARY, ALBERTA--(Marketwired - Sep 10, 2014) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) has released a new detailed corporate investor presentation and is available at http://alvopetro.com/News-Events#presentation. Alvopetro Energy Ltd.'s vision is to be the premier independent exploration and production company in Brazil, maximizing shareholder value by being the lowest cost operator and applying innovation to [...]
CALGARY, ALBERTA--(Marketwired - Aug 25, 2014) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce ongoing results from the first of three zones to be tested in our 197(1) well. Our 197(1) well reached a total depth of 3,275 metres, and we encountered 43 metres of potential net hydrocarbon pay over several separate intervals, with an average porosity of 9.5 percent, using an 8 percent porosity cut-off. Given [...]
CALGARY, ALBERTA--(Marketwired - Aug 20, 2014) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce our second quarter 2014 financial and operating results. Since creating Alvopetro as a standalone company in the fourth quarter of 2013, we have made considerable progress, including successfully drilling our 197(1) well (previously called 1ALV5BA), commencing drilling of our second well (183(1)), reprocessing [...]
S&P Dow Jones Indices Canadian Index Operations announces the following index changes as a result of the quarterly S&P/TSX Venture Select Index Review. These changes will be effective at the open on Monday, July 21, 2014.
CALGARY, ALBERTA--(Marketwired - May 22, 2014) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce our first quarter 2014 financial and operating results. Since creating Alvopetro as a standalone company in the fourth quarter of 2013, we have made considerable progress, including assembling a complete team of highly qualified professionals, successfully drilling our first well on Block 197 and reprocessing [...]
CALGARY, ALBERTA--(Marketwired - Apr 22, 2014) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce our fourth quarter 2013 and year-end 2013 financial and operating results. Operating Plan and Strategy Since creating Alvopetro as a standalone company in the fourth quarter of 2013, we have made considerable progress, including assembling a complete team of highly qualified professionals, successfully drilling [...]
CALGARY, ALBERTA--(Marketwired - Apr 1, 2014) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) announces our reserves for the year ended December 31, 2013 and that we have submitted to the National Agency of Petroleum, Natural Gas and Biofuels (the "ANP") a Notice of Discovery of Hydrocarbons relating to our 1ALV5BA well. All operators in Brazil are required to inform the ANP, through the filing of a Notice of Discovery, of any [...]
Alvopetro Energy is pleased to announce an appointment to the Board of Directors, our initial 2014 operational and capital plans, an updated corporate presentation and the grant of stock options. Appointment of Director We are pleased to announce that Mr. Roderick L. Fraser has been appointed to the Board of Directors of Alvopetro. Mr. Fraser is a petroleum engineer with over 35 years of experience in the oil and gas [...]
Petrominerales is pleased to announce the successful completion of our previously announced plan of arrangement, pursuant to which Pacific Rubiales Energy acquired all of the outstanding shares of Petrominerales. Pursuant to the Arrangement, each share of Petrominerales has been exchanged for C$11.00 cash and one share of a new Brazil focussed company, Alvopetro Energy. The shares of Petrominerales are expected to be [...]
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