Alvopetro Energy Ltd.

Alvopetro Energy Ltd. announces that our Board of Directors has declared a quarterly dividend of US$0.14 per common share, payable in cash on October 13, 2023, to shareholders of record at the close of business on September 29, 2023. 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 August 2023 sales volumes and an operational update. August 2023 Sales Volumes August sales volumes averaged 1,852 boepd, including natural gas sales of 10.6 MMcfpd, associated natural gas liquids sales from condensate of 84 bopd, and oil sales of 8 bopd, based on field estimates. Of the total natural gas sales of 10.6 MMcfpd, 9.9 MMcfpd was from our Caburé field, with 0.7 MMcfpd from our [...]

Alvopetro Energy Ltd. is pleased to announce financial results for the three and six months ended June 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: "We continue to post strong results, generating an operating [...]

Alvopetro Energy Ltd. announces July 2023 sales volumes, our August 1, 2023 natural gas price redetermination, an operational update and timing for release of our Q2 2023 results and earnings call. July 2023 Sales Volumes July sales volumes averaged 2,018 boepd, including natural gas sales of 11.6 MMcfpd and associated natural gas liquids sales from condensate of 90 bopd, based on field estimates. Operational Update On [...]

Alvopetro Energy Ltd. announces June 2023 average sales volumes of 2,068 boepd, including natural gas sales of 11.8 MMcfpd, associated natural gas liquids sales from condensate of 99 bopd, and oil sales of 6 bopd, based on field estimates. Overall, our sales volumes averaged 1,975 boepd in the second quarter of 2023. Corporate Presentation Alvopetro's updated corporate presentation is available on our website at [...]

Alvopetro Energy Ltd. announces that we have completed drilling our BL-06 well on our 100% owned and operated Bom Lugar field in the Recôncavo Basin. Based on open-hole wireline logs the well has discovered a total of 35.4 metres of potential net oil pay, with an average porosity of 11.2% and average water saturation of 39.2%. President & CEO, Corey C. Ruttan commented: "We are very pleased with the initial results from [...]

Alvopetro Energy Ltd. announces that our Board of Directors has declared a quarterly dividend of US$0.14 per common share, payable in cash on July 14, 2023, to shareholders of record at the close of business on June 30, 2023. 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 2023 average sales volumes of 1,888 boepd, including natural gas sales of 10.7 MMcfpd, associated natural gas liquids sales from condensate of 94 bopd, and oil sales of 9 bopd, based on field estimates. Corporate Presentation Alvopetro's updated corporate presentation is available on our website at: http://www.alvopetro.com/corporate-presentation. Social Media Follow Alvopetro on our [...]

Alvopetro Energy Ltd. announces production commencement from our 197 well on our Murucututu natural gas field and an operational update. 197 Production Commencement Earlier this month, we completed stimulation operations at our 197 well on our Murucututu natural gas field. We successfully stimulated four intervals in the well, injecting a total of 125 tonnes of sand into the formation. Following the stimulation, we [...]

Alvopetro Energy Ltd. is pleased to announce record financial results for the three months ended March 31, 2023, an operational update and details of our upcoming annual general and special meeting on June 21, 2023. 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 [...]