Alvopetro Energy Ltd.

Alvopetro Energy Ltd. announces an operational update, our financial results for the year ended December 31, 2024, a quarterly dividend of US$0.10 per common share and filing of our annual information form. We will be hosting a live webcast to discuss our Q4 2024 results on Wednesday March 19, 2025 at 8:00 a.m. Mountain time. All references herein to $ refer to United States dollars, unless otherwise stated and all [...]

Alvopetro Energy Ltd. announces February sales volumes of 2,285 boepd, including natural gas sales of 13.0 MMcfpd and associated natural gas liquids sales from condensate of 115 bopd, based on field estimates. Natural gas, NGLs and crude oil sales: February 2025 January 2025 Q4 2024 Natural gas , by field: Caburé 10,950 11,450 7,476 Murucututu 2,065 2,338 2,231 Total Company natural gas 13,015 13,788 9,707 NGLs 115 141 [...]

Alvopetro Energy Ltd. announces our reserves as at December 31, 2024 with total proved reserves of 4.5 MMboe and total proved plus probable reserves of 9.1 MMboe, increases of 65% and 5%, respectively, from December 31, 2023. The before tax net present value discounted at 10% of our 1P reserves increased 53% to $177.7 million and the NPV10 of our 2P reserves increased 6% to $327.8 million. We also announce risked best [...]

Alvopetro Energy Ltd. announces January 2025 sales volumes of 2,457 boepd, including natural gas sales of 13.8 MMcfpd, associated natural gas liquids sales from condensate of 141 bopd and oil sales of 18 bopd, based on field estimates. This represents a 41% increase from Q4 2024. Natural gas, NGLs and crude oil sales: January 2025 December 2024 Q4 2024 Natural gas , by field: Caburé 11,450 7,565 7,474 Murucututu 2,338 [...]

Alvopetro Energy Ltd. announces December 2024 sales volumes of 1,828 boepd, including natural gas sales of 10.3 MMcfpd, associated natural gas liquids sales from condensate of 110 bopd and oil sales of 9 bopd, based on field estimates, bringing our average sales volumes to 1,738 boepd in the fourth quarter of 2024. Natural gas, NGLs and crude oil sales: December 2024 November 2024 Q4 2024 Q3 2024 Natural gas , by field [...]

Alvopetro Energy Ltd. announces November 2024 sales volumes, an update to our long-term natural gas sales agreement, and our Q4 2024 dividend. President & CEO, Corey C. Ruttan commented: "In 2024 we increased our productive capacity at Caburé and, with our recent success at Murucututu, this has allowed us to commit to a higher level of base committed firm sales volumes starting in 2025 further strengthening our [...]

Alvopetro Energy Ltd. announces the annual rolling grants of long-term incentive compensation to officers, directors and employees under Alvopetro's Omnibus Incentive Plan. A total of 251,000 stock options, 213,000 restricted share units and 68,000 deferred share units were granted on November 15, 2024. Of the total grants, 163,000 RSUs and 68,000 DSUs were granted to directors and officers, with no stock options granted [...]

Alvopetro Energy Ltd. announces October 2024 sales volumes, an operational update and financial results for the three and nine months ended September 30, 2024. We will host a live webcast to discuss Q3 2024 results on Thursday, November 7, 2024 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 September 2024 sales volumes and an operational update. President & CEO, Corey C. Ruttan commented: "We saw increased production levels through the third quarter, and we are very excited about strong early production results from our 183-A3 completion. We look forward to continued production from the well and based on these early results we expect to be drilling follow up locations starting [...]

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 October 15, 2024, to shareholders of record at the close of business on September 30, 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 [...]