CALGARY, ALBERTA--(Marketwired - Apr 6, 2016) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce our 2016 capital plan, fourth quarter 2015 and year-end 2015 financial results and the filing of our annual information form. 2016 Capital Plan In 2016, we are primarily focused on building a natural gas business from our 197(2) discovery by securing a gas sales contract and finalizing the field commercialization [...]
CALGARY, AB--(Marketwired - March 22, 2016) - Alvopetro Energy Ltd. (TSX VENTURE: ALV) is pleased to announce our 2015 reserves and contingent resources. 2015 Highlights Alvopetro began 2015 with 11 conventional exploration prospects. We had two conventional exploration successes with our 197(2) and 182(B1) wells and ended 2015 with 22 prospects in our prospect inventory. We successfully tested three separate intervals [...]
CALGARY, ALBERTA--(Marketwired - March 17, 2016) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) announces that we have completed drilling our 170(B1) well, located on Block 170 in the Recôncavo basin in the State of Bahia, Brazil. The 170(B1) well reached a total measured depth of 1,487 metres and did not discover commercial quantities of hydrocarbons. We plan to abandon the well. The 170(B1) well satisfies our current [...]
CALGARY, ALBERTA--(Marketwired - Mar 2, 2016) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) announces that Mr. E. John Koch, Chief Operating Officer of Alvopetro, is no longer with the company. We thank him for his service and wish him well in his future endeavors. Alvopetro Energy Ltd.'s vision is to be the premier independent exploration and production company in Brazil, maximizing shareholder value by applying innovation [...]
CALGARY, ALBERTA--(Marketwired - Feb 1, 2016) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce an operational update. Operational Update We expect to spud our 170(B1) well in early February. All site construction is complete and a drilling rig has been mobilized. The 170(B1) prospect is captured within the boundaries of Block 170 and Fazenda Gameleira, and the drilling of 170(B1) will fulfil our Block 170 [...]
CALGARY, ALBERTA--(Marketwired - Dec 10, 2015) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) announces its annual grant of stock options. Consistent with our routine annual stock option grants in 2014 and 2013, Alvopetro has today granted stock options to purchase 1,422,500 common shares under Alvopetro's stock option plan, of which 1,032,500 were granted to directors and officers. Each stock option has an exercise price of [...]
CALGARY, ALBERTA--(Marketwired - Nov 19, 2015) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to provide an operational update and our third quarter 2015 financial and operating results. Operational Update DeGolyer and MacNaughton ("D&M") completed an independent contingent resource report of our 197(2) conventional natural gas pool located on Blocks 197 and 198 in the Recôncavo Basin onshore Brazil [...]
CALGARY, ALBERTA--(Marketwired - Oct 8, 2015) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce that DeGolyer and MacNaughton ("D&M") has completed an independent contingent resource report of our 197(2) conventional natural gas pool located on Blocks 197 and 198 in the Recôncavo Basin onshore Brazil. The D&M report quantifies Alvopetro's contingent resources with a "best estimate" (2C) of 5.8 million [...]
CALGARY, ALBERTA--(Marketwired - Oct 7, 2015) - Following Brazil's 13th Bid Round ("Bid Round"), administered by the Agencia Nacional do Petróleo, Gás Natural e Biocombustíveis of Brazil ("ANP"), Alvopetro Energy Ltd. (TSX VENTURE:ALV) ("Alvopetro") is pleased to announce that we were the successful bidder on 4 blocks in partnership with ENGIE (GDF SUEZ E&P Brasil Participações [...]
CALGARY, ALBERTA--(Marketwired - Aug 19, 2015) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce production testing results from our 182(B1) discovery and our second quarter 2015 financial and operating results. Operational Update The 182(B1) well was drilled to a total MD of 2,095 metres and successfully cased and cemented. Cased-hole sonic and neutron logs indicate the well encountered 6 metres of [...]
CALGARY, ALBERTA--(Marketwired - Jun 30, 2015) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce that our 182(B1) well, located on Block 182 in the Recôncavo basin in the State of Bahia, Brazil, has discovered hydrocarbons. The 182(B1) well reached a total measured depth of 2,095 metres. While drilling, inflows of oil and solution gas were experienced into the wellbore from an over pressured [...]
CALGARY, ALBERTA--(Marketwired - May 25, 2015) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to provide an operational update and announce our first quarter 2015 financial and operating results. Operational Update We drilled our first conventional exploration well, 197(2), late in 2014, reaching a total depth of 1,669 metres. Based on logs, the well encountered 78 metres of potential net natural gas pay, with an [...]