Alvopetro Energy Ltd.

CALGARY, March 21, 2017 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to announce an operational update, fourth quarter 2016 and year-end 2016 financial results and filing of our annual information form. Operational Update In January 2017, our 198(A1) well, located on Block 198 in the Recôncavo basin in the State of Bahia, Brazil, was drilled to a total measured depth of 1,480 metres. Based on open-hole logs [...]

CALGARY, March 13, 2017 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to announce production test results from the second interval tested in our 198(A1) well. In January 2017, our 198(A1) well, located on Block 198 in the Recôncavo basin in the State of Bahia, Brazil, was drilled to a total measured depth of 1,480 metres. Based on open-hole logs, the well encountered 31 metres of potential net natural gas pay [...]

CALGARY, March 6, 2017 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to announce our 2016 reserves. The reserves data set forth below is based upon an independent reserve assessment and evaluation prepared by Sproule International Limited ("Sproule") dated March 6, 2017 with an effective date of December 31, 2016 (the "Sproule Report"). The Sproule Report has been prepared in accordance with the standards contained [...]

CALGARY, March 3, 2017 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to announce results from the first interval tested in our 198(A1) well. In January 2017, our 198(A1) well, located on Block 198 in the Recôncavo basin in the State of Bahia, Brazil, was drilled to a total measured depth of 1,480 metres. Based on open-hole logs, the well encountered 31 metres of potential net natural gas pay in the Main [...]

CALGARY, Jan. 30, 2017 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to announce successful results from our 198(A1) well, located on Block 198 in the Recôncavo basin in the State of Bahia, Brazil.  The 198(A1) well was drilled as both a step out well to our 197(2) natural gas discovery in the Caruaçu Member, and to target uphole exploration potential.  The well also fulfilled our Block 198 exploratory [...]

CALGARY, Dec. 15, 2016 /CNW/ - Alvopetro Energy Ltd. (TSXV:ALV) announces executive compensation and annual grant of stock options. Alvopetro is continuing to freeze executive salaries and once again will not be awarding cash bonuses for the 2016 service year. In connection with our annual stock based compensation program, Alvopetro has granted stock options to purchase 1,533,500 common shares under Alvopetro's stock [...]

CALGARY, Nov. 16, 2016 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to provide an operational update and announce our third quarter financial and operating results.   Operational Update Our near-term focus is on building a natural gas business and we are actively working towards finalizing a unitization agreement with the adjacent resource owner while at the same time advancing negotiations to secure a natural gas [...]

CALGARY, Sept. 22, 2016 /CNW/ - Alvopetro Energy Ltd. ("Alvopetro") (TSX-V:ALV) announces that we have completed drilling our 256(A1) well, located on Block 256 in the Recôncavo basin in the State of Bahia, Brazil. The 256(A1) well reached a total measured depth of 2,292 metres and did not discover commercial quantities of hydrocarbons. We plan to abandon the well. The 256(A1) well satisfies our current phase [...]

CALGARY, Sept. 21, 2016 /CNW/ - Alvopetro Energy Ltd. ("Alvopetro") (TSX-V:ALV) is pleased to announce that we have entered into a Farm-out Agreement (the "Farm-out") with an independent third party ("Farmee") whereby the Farmee will acquire a 95% participating interest in Block 107 from Alvopetro.  Block 107 is 7,561 acres, was acquired by Alvopetro in the 11th Brazil Bid Round and has an initial exploratory phase expiry [...]

CALGARY, Aug. 23, 2016 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to provide an operational update and announce our second quarter financial and operating results.   Operational Update By the end of August, we expect to spud our 256(A1) well which is a multi-zone prospect located on Block 256 and is one of our largest exploration prospects to-date. Block 256 is located near existing State gas transmission [...]