Alvopetro Announces August 2024 Sales Volumes and an Operational Update

Alvopetro Announces August 2024 Sales Volumes and an Operational Update

 
 

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) 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 deliveries to-date in September have averaged 10.8 MMcfpd.

 
 
                                
 

   Natural gas, NGLs and crude oil sales :  

 
 

   August   

 

   2024   

 
 

  July  

 

  2024  

 
 

  Q2  

 

  2024  

 
 

  Natural gas (Mcfpd), by field:  

 
 
 
 
 

  Caburé  

 
 

   10,647   

 
 

  13,418  

 
 

  8,822  

 
 

  Murucututu  

 

 

   337   

 
 

  353  

 
 

  422  

 
 

  Total Company natural gas (Mcfpd)  

 
 

   10,984   

 
 

  13,771  

 
 

  9,244  

 
 

  NGLs (bopd)  

 
 

   79   

 
 

  118  

 
 

  76  

 
 

  Oil (bopd)  

 
 

   9   

 
 

  19  

 
 

  12  

 
 

    Total Company (boepd)    

 
 

   1,919   

 
 

  2,432  

 
 

  1,629  

 
 
 

  Operational Update  

 

We have finished the recompletion of our 183-1 well in an uphole Caruaçu zone and are now re-configuring tubing to bring the well online through our Murucututu production facility this month. In parallel, we finished the recompletion of our 183-A3 well and also expect to have production results from this well this month.

 

  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 social media channels at the following links:
Twitter - https://twitter.com/AlvopetroEnergy  
Instagram - https://www.instagram.com/alvopetro/  
LinkedIn - https://www.linkedin.com/company/alvopetro-energy-ltd  
YouTube - https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w  

 

   Alvopetro Energy Ltd.'s    vision is to become a leading independent upstream and midstream operator in Brazil . Our strategy is to unlock the on-shore natural gas potential in the state of Bahia in    Brazil , building off the development of our Caburé and Murucututu natural gas assets and our strategic midstream infrastructure.  

 

   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.   

 

   All amounts contained in this new release are in United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.   

 

   Abbreviations:   

 
 
                        
 

   boepd   

 
 

   =   

 
 

   barrels of oil equivalent ("boe") per day   

 
 

   bopd   

 
 

   =   

 
 

   barrels of oil and/or natural gas liquids (condensate) per day   

 
 

   m   3    

 
 

   =   

 
 

   cubic metre   

 
 

   m   3 /d     

 
 

   =   

 
 

   cubic metre per day   

 
 

   Mcf   

 
 

   =   

 
 

   thousand cubic feet   

 
 

   Mcfpd   

 
 

   =   

 
 

   thousand cubic feet per day   

 
 

   MMcfpd   

 
 

   =   

 
 

   million cubic feet per day   

 
 

   NGLs   

 
 

   =   

 
 

   natural gas liquids   

 
 
 

   BOE Disclosure    . The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.  

 

   Forward-Looking Statements and Cautionary Language.    This news release contains "forward-looking information" within the meaning of applicable securities laws. The use of any of   the words "will", "expect", "intend" and other similar words or expressions are intended to identify forward-looking information. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking information concerning the expected natural gas sales under the Company's long-term gas sales agreement and the expected timing of production commencement from certain wells. Forward   -looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to,   expectations and assumptions concerning   forecasted demand for oil and natural gas,   the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities,   the performance of producing wells and reservoirs, well development and operating performance, expectations regarding Alvopetro's working interest and the outcome of any redeterminations, the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulation relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, general economic and business conditions, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, the regulatory and legal environment and other risks associated with oil and gas operations   .   The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our annual information form which may be accessed on Alvopetro's SEDAR+ profile at www.sedarplus.ca . The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.  

 

  www.alvopetro.com  
TSXV: ALV, OTCQX: ALVOF

 

SOURCE Alvopetro Energy Ltd. 

 

 

 

 Cision View original content: http://www.newswire.ca/en/releases/archive/September2024/09/c9433.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

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Leading independent upstream and midstream gas developer in Brazil

Alvopetro Announces June 2025 Sales Volumes

Alvopetro Announces June 2025 Sales Volumes

 
 

 Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces June 2025 sales volumes of 2,514 boepd, based on field estimates. In Brazil June sales volumes averaged 2,364 boepd, including natural gas sales of 13.2 MMcfpd, associated natural gas liquids sales from condensate of 147 bopd, and oil sales of 9 bopd. In Canada June sales volumes averaged 149 bopd. This brings our Q2 2025 average daily sales volumes to 2,436 boepd, based on field estimates.

 
 
 

   Natural gas, NGLs and crude oil sales:   

 
 
 
  
 

   (1)   

 
 

   Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.   

 
 
 

  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 social media channels at the following links:
Twitter - https://twitter.com/AlvopetroEnergy  
Instagram - https://www.instagram.com/alvopetro/  
LinkedIn - https://www.linkedin.com/company/alvopetro-energy-ltd  

 

   Alvopetro Energy Ltd.    is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro's organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are   building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.  

 

   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.   

 

  Abbreviations:  

 
 
                  
 

  boepd                    =  

 
 

  barrels of oil equivalent ("boe") per day  

 
 

  bopd                      =  

 
 

  barrels of oil and/or natural gas liquids (condensate) per day  

 
 

  Mcf                        =  

 
 

  thousand cubic feet  

 
 

  Mcfpd                    =  

 
 

  thousand cubic feet per day  

 
 

  MMcf                     =  

 
 

  million cubic feet  

 
 

  MMcfpd                 =  

 
 

  million cubic feet per day  

 
 

  NGLs                     =  

 
 

  natural gas liquids (condensate)  

 
 

  Q1 2025                =  

 
 

  three months ended March 31, 2025  

 
 

  Q2 2025                =  

 
 

  three months ended June 30, 2025  

 
 
 

  BOE Disclosure  

 

The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

 

  www.alvopetro.com  
TSX-V: ALV, OTCQX: ALVOF

 

SOURCE Alvopetro Energy Ltd. 

 

 

 

 Cision View original content: http://www.newswire.ca/en/releases/archive/July2025/03/c8666.html  

 
 

 

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Alvopetro Announces Q2 2025 Dividend of US$0.10 Per Share and Reminder of Upcoming AGM

 
 

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces that our Board of Directors has declared a quarterly dividend of US$0.10 per common share, payable in cash on July 15, 2025 to shareholders of record at the close of business on June 30, 2025 . 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 rate of 25%. Shareholders may be entitled to a reduced withholding tax rate under a tax treaty between their country of residence and Canada . For further information, see Alvopetro's website at https://alvopetro.com/Dividends-Non-resident-Shareholders .

 

 

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Alvopetro Announces May 2025 Sales Volumes and an Operational Update including 183-D4 Well Results

Alvopetro Announces May 2025 Sales Volumes and an Operational Update including 183-D4 Well Results

 
 

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces May 2025 sales volumes and an operational update, including results from our 183-D4 well. Based on cased hole logs and logs while drilling, the well encountered 61 metres total vertical depth ("TVD") potential net natural gas pay in the Caruaçu Formation 106 metres updip of our 183-A3 well.

 

President & CEO, Corey C. Ruttan commented:

 

 

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Alvopetro Announces an Operational Update, Q1 2025 Financial Results and Details for our Upcoming AGM

Alvopetro Announces an Operational Update, Q1 2025 Financial Results and Details for our Upcoming AGM

 
 

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces an operational update, financial results for the three months ended March 31, 2025 and details for both our Q1 2025 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.

 

 

News Provided by Canada Newswire via QuoteMedia

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Alvopetro Announces March 2025 Sales Volumes

Alvopetro Announces March 2025 Sales Volumes

 
 

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces March sales volumes of 2,580 boepd, including natural gas sales of 14.5 MMcfpd, associated natural gas liquids sales from condensate of 146 bopd and oil sales of 12 bopd, based on field estimates, bringing our average daily sales volumes to 2,446 boepd in Q1 2025, up 41% from Q4 2024.

 
 
 

    Natural gas, NGLs and crude oil sales:    

 
 

  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 social media channels at the following links:

 

Twitter - https://twitter.com/AlvopetroEnergy  
Instagram - https://www.instagram.com/alvopetro/  
LinkedIn - https://www.linkedin.com/company/alvopetro-energy-ltd  
YouTube - https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w  

 

   Alvopetro Energy Ltd.    is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro's organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.  

 

   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.   

 

   All amounts contained in this new release are in United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.   

 

   Abbreviations:   

 
 
                        
 

   boepd   

 
 

   =   

 
 

   barrels of oil equivalent ("boe") per day   

 
 

   bopd   

 
 

   =   

 
 

   barrels of oil and/or natural gas liquids (condensate) per day   

 
 

   Mcf   

 
 

   =   

 
 

   thousand cubic feet   

 
 

   Mcfpd   

 
 

   =   

 
 

   thousand cubic feet per day   

 
 

   MMcfpd   

 
 

   =   

 
 

   million cubic feet per day   

 
 

   NGLs   

 
 

   =   

 
 

   natural gas liquids   

 
 

   Q1 2025   

 
 

   =   

 
 

   three months ended March 31, 2025   

 
 

   Q4 2024   

 
 

   =   

 
 

   three months ended December 31, 2024   

 
 
 

   BOE Disclosure    . The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.  

 

SOURCE Alvopetro Energy Ltd. 

 

 

 

 Cision View original content: http://www.newswire.ca/en/releases/archive/April2025/03/c2450.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

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Watch on FOX Business News
Saturday, July 5 at 5:00 PM EST or via the links below

Tune into BTV-Business Television and Discover Investment Opportunities featuring nine standout companies making major moves globally.

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About BTV - Business Television:

On air for 25+ years, BTV - Business Television, a half-hour investment TV show, delivers up-and-coming companies and investment opportunities. With Hosts, Taylor Thoen and Jessica Katrichak, BTV features stock market analysts, experts and on location interviews with emerging company executives.

TV BROADCAST NETWORKS and TIMES: 

Airing on FOX Business News!

  • Saturday, July 5 @ 5:00pm ET

Suggest a Company to Feature!

Contact: (604) 664-7401 x3 info@b-tv.com. To receive BTV news, subscribe.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257791

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Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) ("Westport" or "The Company") announces that the Company will release Q2 2025 financial results on Monday, August 11, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, August 12, 2025.

 

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI842f3b76bd5b44c7aee3e609a6cc77b3   
Webcast: https://investors.westport.com  

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