Alvopetro Energy Ltd.

Alvopetro Energy Ltd. announces February 2024 sales volumes of 1,477 boepd including natural gas sales of 8.3 MMcfpd, associated natural gas liquids sales from condensate of 72 bopd and oil sales of 19 bopd, based on field estimates. February sales volumes were impacted by reduced nominations from our offtaker, Bahiagás mainly in the latter half of February. Effective March 1, 2024 deliveries to Bahiagás have increased [...]

Alvopetro Energy Ltd. announces our reserves as at December 31, 2023 with total proved plus probable reserves of 8.7 MMboe and a before tax net present value discounted at 10% of $309.7 million, risked best estimate contingent resources of 5.4 MMboe and risked best estimate prospective resources of 9.6 Mmboe . The reserves and resources data set forth herein is based on an independent reserves and resources assessment and [...]

Alvopetro Energy Ltd. announces January 2024 sales volumes and our updated natural gas price effective February 1, 2024. January Sales Volumes January sales volumes averaged 1,699 boepd, including natural gas sales of 9.7 MMcfpd, associated natural gas liquids sales from condensate of 75 bopd and oil sales of 9 bopd, based on field estimates. January sales volumes were impacted by reduced nominations from our offtaker [...]

Alvopetro Energy Ltd. announces December 2023 sales volumes and initial well test results from our 183-A3 well. December and Q4 2023 Sales Volumes December sales volumes averaged 2,331 boepd, including natural gas sales of 13.3 MMcfpd, associated natural gas liquids sales from condensate of 105 bopd and oil sales of 7 bopd, based on field estimates, bringing our average sales volumes to 2,143 boepd in the fourth quarter [...]

Alvopetro Energy Ltd. announces our Q4 2023 dividend and an update on our Caburé Unit Redetermination process. Q4 2023 Dividend Our Board of Directors has declared a quarterly dividend of US$0.14 per common share, payable in cash on January 15, 2024, to shareholders of record at the close of business on December 29, 2023. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Dividend [...]

Alvopetro Energy Ltd. announces November 2023 sales volumes and an operational update. November 2023 Sales Volumes November sales volumes averaged 2,264 boepd, including natural gas sales of 12.9 MMcfpd, associated natural gas liquids sales from condensate of 105 bopd and oil sales of 15 bopd, based on field estimates. Natural gas, NGLs and crude oil sales: November 2023 October 2023 Q3 2023 Natural gas , by field: Caburé [...]

Alvopetro Energy Ltd. is pleased to announce financial results for the three and nine months ended September 30, 2023 and an operational update. 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. President & CEO, Corey C. Ruttan commented: "While sales volumes were lower in Q3 2023 due to temporary [...]

Alvopetro Energy Ltd. announces October 2023 sales volumes and timing for release of our Q3 2023 results and earnings call. October 2023 Sales Volumes October sales volumes averaged 1,839 boepd, including natural gas sales of 10.6 MMcfpd, associated natural gas liquids sales from condensate of 67 bopd and oil sales of 8 bopd, based on field estimates. Natural gas, NGLs and crude oil sales: October 2023 September 2023 Q3 [...]

Alvopetro Energy Ltd. is pleased to announce the release of our 2022 Sustainability Report , highlighting our approach to environmental, social and governance practices for the year ended December 31, 2022 and outlining our commitment to building a sustainable future for all of our stakeholders. A full copy of the Report, which was approved by Alvopetro's Board of Directors, can be found on our website at [...]

Alvopetro Energy Ltd. is pleased to announce that we have now completed drilling the 183-A3 well on our 100% owned Murucututu natural gas field. Based on open-hole logs, the well encountered potential net natural gas pay across two separate formations totaling 127.7 metres, with an average porosity of 10.3%. President and CEO, Corey C. Ruttan commented: "The results from our uphole 183-A3 Caruaçu exploration target has [...]