Alvopetro Energy Ltd.

Alvopetro Energy Ltd. announces August 2024 sales volumes and an operational update. August Sales Volumes August sales volumes averaged 1,919 boepd including natural gas sales of 11.0 MMcfpd, associated natural gas liquids sales from condensate of 79 bopd and oil sales of 9 bopd, based on field estimates. August natural gas sales were impacted by temporary demand disruptions experienced by Bahiagas clients. Natural gas [...]

Alvopetro Energy Ltd. is pleased to announce the TSX Venture Exchange has now approved the Company's proposed normal course issuer bid and an automatic share purchase plan . Pursuant to the NCIB, Alvopetro is authorized to repurchase up to 2,953,044 common shares, representing 8.1% of the common shares outstanding as of August 12, 2024 and 10% of Alvopetro's "public float", over the period commencing on August 13, 2024 [...]

Alvopetro Energy Ltd. announces July 2024 sales volumes, updated natural gas pricing under our long-term gas sales agreement, an intention to launch a share buyback program under a normal course issuer bid , and financial results for the three and six months ended June 30, 2024. We will host a live webcast to discuss Q2 2024 results on Thursday August 8, 2024 at 8:00 am Mountain time. All references herein to $ refer to [...]

Alvopetro Energy Ltd. announces June 2024 sales volumes of 1,669 boepd including natural gas sales of 9.6 MMcfpd, associated natural gas liquids sales from condensate of 67 bopd and oil sales of 10 bopd, based on field estimates. Our Q2 2024 sales averaged 1,629 boepd compared to 1,701 boepd in Q1 2024. Natural gas, NGLs and crude oil sales: June 2024 May 2024 Q2 2024 Q1 2024 Natural gas , by field: Caburé 9,121 7,608 [...]

Alvopetro Energy Ltd. announces that our Board of Directors has declared a quarterly dividend of US$0.09 per common share, payable in cash on July 15, 2024, to shareholders of record at the close of business on June 28, 2024. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Dividend payments to non-residents of Canada will be subject to withholding taxes at the Canadian statutory [...]

Alvopetro Energy Ltd. announces May 2024 sales volumes of 1,418 boepd including natural gas sales of 8.0 MMcfpd, associated natural gas liquids sales from condensate of 84 bopd and oil sales of 9 bopd, based on field estimates. Natural gas, NGLs and crude oil sales: May 2024 April 2024 Natural gas , by field: Caburé 7,594 9,775 Murucututu 358 490 Total Company natural gas 7,952 10,265 NGLs 84 79 Oil 9 18 Total Company [...]

Alvopetro Energy Ltd. announces that the emergency arbitrator has found in favour of Alvopetro's request to give effectiveness to the decision of the independent expert appointed by Alvopetro and our third-party partner in connection with the redetermination of working interests in the unitized area . Background As announced by Alvopetro on April 5, 2024, the Expert found in favour of Alvopetro's proposal, thereby [...]

Alvopetro Energy Ltd. announces April 2024 sales volumes, an operational update, financial results for the three months ended March 31, 2024 and details for both our Q1 2024 earnings call and our upcoming annual general and special meeting. All references herein to $ refer to United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted. April [...]

Alvopetro Energy Ltd. announces that it has filed a request for an emergency arbitration before the International Court of Arbitration of the International Chamber of Commerce in connection with the redetermination of working interests in the unitized area which includes Alvopetro's Caburé natural gas field . As announced by Alvopetro on April 5, 2024, the independent expert appointed by Alvopetro and our third-party [...]

Alvopetro Energy Ltd. announces that it has filed a material change report on SEDAR+ which details the anticipated impact to Alvopetro following the decision of the independent expert in the redetermination process which increased Alvopetro's working interest in the unitized area which includes Alvopetro's Caburé natural gas field . In addition, Alvopetro announces that we have received a notice of dispute from our [...]