Alvopetro Energy Ltd. announces the exercise of all outstanding warrants held by Cordiant Capital Inc. and that we have now repaid the remaining $2.5 million outstanding on the credit facility. A total of 2,685,956 warrants at a strike price of US$1.80 were granted to Cordiant in connection with the 2019 $15 million debt financing. Cordiant provided notice to exercise all warrants outstanding and in connection with the [...]
Alvopetro Energy Ltd. announces that our Board of Directors has declared a quarterly dividend of US$0.08 per common share, payable in cash on October 14, 2022, to shareholders of record at the close of business on September 29, 2022. 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 [...]
Alvopetro Energy Ltd. ; announces a discovery at our 49.1% Caburé Unit C well, record August sales volumes and an operational update. 7-CARN-2D-BA Well The Unit-C well at the Caburé Unit was spud in July and drilled to a total measured depth of 2,096 metres. Based on Alvopetro's analysis of open hole logs and fluid samples confirming hydrocarbons, the well has potential net pay in multiple formations using a 6% porosity [...]
Alvopetro Energy Ltd. announces that we have suspended testing at the 182-C1 well on our 100% owned and operated Block 182 in the Recôncavo basin. During the testing operation we perforated the entire 25m of net pay section of the well on tubing conveyed perforations in an underbalanced condition. No formation flow was observed after the initial perforations. We injected 124 barrels of 15% hydrochloric acid to remove [...]
Alvopetro Energy Ltd. announces operating and financial results for the second quarter of 2022 including record funds flow from operations of $12.4 million. We will host a live webcast to discuss Q2 2022 results on Friday August 12, 2022 beginning at 8:00 am Mountain time. All references herein to $ refer to United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars [...]
Alvopetro Energy Ltd. announces a restatement of the Company's financial statements for the years ended December 31, 2021 and 2020. 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. Restatement of Financial Statements for the Years ended December 31, 2021 and December 31, 2020 The Company has [...]
Alvopetro Energy Ltd. announces our inaugural sustainability report for the year-ended December 31, 2021, July sales volumes and an operational update. Inaugural Sustainability Report We are pleased to present our inaugural 2021 Sustainability Report , highlighting the operational milestones achieved through the development of our Caburé project and outlining Alvopetro's approach to environmental, social and governance [...]
Alvopetro Energy Ltd. We are pleased to announce a multizone discovery on our 183-B1 exploration location. We completed drilling the 183-B1 exploration well on our 100% owned and operated Block 183 in the Recôncavo basin and, based on open-hole wireline logs and fluid samples confirming hydrocarbons, the well has discoveries in multiple formations with a total of 34.3 metres of potential net hydrocarbon pay, with an [...]
Alvopetro Energy Ltd. announces the results of voting at its annual and special meeting held virtually on June 22, 2022, and the implementation of the Omnibus Incentive Plan. Voting Results Alvopetro held the Meeting virtually on June 22, 2022. Alvopetro shareholders approved the following resolutions. 1. Election of Directors Shareholders approved the election of six nominees as directors of Alvopetro to serve until the [...]
Alvopetro Energy Ltd. announces that our Board of Directors has declared a quarterly dividend of US$0.08 per common share, payable in cash on July 15, 2022, to shareholders of record at the close of business on June 30, 2022. 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 sales volumes of 2,111 boepd, including natural gas sales of 12.1 MMcfpd, associated natural gas liquids sales from condensate of 81 bopd and oil sales of 9 bopd, based on field estimates. At the end of May, we completed a five-day shutdown of our production to complete all the necessary advance work for our Caburé gas processing facility expansion resulting in lower overall production [...]
CALGARY, AB , May 12, 2022 /CNW/ - Alvopetro Energy Ltd. announces record first quarter 2022 operating and financial results, an operational update, an additional debt repayment and details of our upcoming annual 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. President and [...]
+36,00 %
0,00 %
-0,68 %
-77,24 %