Latest news with #Alvopetro
Yahoo
03-07-2025
- Business
- Yahoo
Alvopetro Announces June 2025 Sales Volumes
CALGARY, AB, July 3, 2025 /CNW/ - 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: June 2025 May 2025 Q2 2025 Q1 2025 Brazil: Natural gas (Mcfpd), by field: Caburé 11,550 11,021 11,744 11,710 Murucututu 1,697 1,279 1,257 2,093 Total natural gas (Mcfpd) 13,247 12,300 13,001 13,803 NGLs (bopd) 147 111 128 135 Oil (bopd) 9 - 3 10 Total (boepd) – Brazil 2,364 2,161 2,298 2,446 Canada: Oil (bopd) – Canada 149 173 138 - Total Company – boepd(1) 2,514 2,334 2,436 2,446 (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: Social Media Follow Alvopetro on our social media channels at the following links: Twitter - Instagram - LinkedIn - 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. ALV, OTCQX: ALVOF SOURCE Alvopetro Energy Ltd. View original content:
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Alvopetro Announces June 2025 Sales Volumes
CALGARY, AB , July 3, 2025 /CNW/ - 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: June 2025 May 2025 Q2 2025 Q1 2025 Brazil: Natural gas (Mcfpd), by field: Caburé 11,550 11,021 11,744 11,710 Murucututu 1,697 1,279 1,257 2,093 Total natural gas (Mcfpd) 13,247 12,300 13,001 13,803 NGLs (bopd) 147 111 128 135 Oil (bopd) 9 - 3 10 Total (boepd) – Brazil 2,364 2,161 2,298 2,446 Canada: Oil (bopd) – Canada 149 173 138 - Total Company – boepd (1) 2,514 2,334 2,436 2,446 (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: Social Media 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.
Cision Canada
03-07-2025
- Business
- Cision Canada
Alvopetro Announces June 2025 Sales Volumes
CALGARY, AB, July 3, 2025 /CNW/ - 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. (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: Social Media 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. TSX-V: ALV, OTCQX: ALVOF SOURCE Alvopetro Energy Ltd.
The Market Online
26-06-2025
- Business
- The Market Online
From the ground up: Building value through smart energy investments
In today's energy landscape, companies that thrive are those that strike a careful balance between disciplined growth and consistent shareholder returns. With a focus on natural gas development in geologically rich and fiscally favourable regions, one such player is leveraging its strategic assets across Brazil and Canada to deliver both profitability and long-term value. By reinvesting roughly half of its cash flows into high-potential organic growth opportunities—while returning the other half to stakeholders—this operator is building a resilient, forward-looking business model. Anchored by strong production from key natural gas fields and supported by critical midstream infrastructure, its approach exemplifies how smart capital allocation can drive sustainable success. Alvopetro Energy (TSXV:ALV) is a profitable, growth-oriented energy company strategically focused on unlocking value through a balanced capital allocation model. The company reinvests approximately half of its cash flows into high-return organic growth opportunities while returning the other half to shareholders through dividends and other means. This disciplined approach is underpinned by Alvopetro's commitment to geologic prospectivity and favorable fiscal regimes, with operations centered in Brazil and Canada. Alvopetro's core assets include the Caburé and Murucututu natural gas fields in Brazil, supported by strategic midstream infrastructure and favorable natural gas prices. These assets form the backbone of the company's operations and provide a strong platform for continued growth. In early 2025 the company announced a strategic entry into Western Canada Within 45 days the two wells were drilled and production and sales from the wells commenced in mid-April at rates well above expectations. The wells drilled utilized multilateral drilling technology, with over 15 km of open hole reservoir contact. (The diagram above depicts the evolution of drilling technology to develop a ¼ section of land. On the far left, traditional development would have required 32 vertical wells. Technology then advanced to horizontal wells, as depicted in the middle of the diagram with 4 separate wells. Today, multilateral drilling technology (as depicted on the far right) allows for just a single well with 6+ open-hole lateral legs developing the ¼ section of land. Alvopetro's first 2 wells drilled in Saskatchewan each included 6 lateral legs. A total of 15 km of open-hole horizontal legs were drilled. Source: Alvopetro Energy Ltd.) The company now holds a 50 per cent working interest in 27.5 sections (8,800 net acres) with potential for over 100 drilling locations. Up to four additional wells (2.0 net to Alvopetro) are planned for the remainder of 2025. Alvopetro's updated long-term gas sales agreement in Brazil came into effect on January 1, 2025, increasing contractual firm volumes by 33 per cent. As a result, average daily sales in Brazil increased 41 per cent in Q1 2025 (compared to Q4 2024) to 2,446 boepd (+36 per cent compared to 2024 YTD average). April and May sales volumes in Brazil were 2,373 boepd and 2,161 boepd, respectively, with May sales volumes impacted by turnarounds at both Alvopetro facilities and Bahiagás end user plants, which reduced demand in the month With Canadian operations commencing mid-April 2025, May 2025 was the first full month of sales from the two wells, with Alvopetro's net 50 per cent share of oil sales of 173 bopd. Alvopetro – Daily sales volumes (boepd) (Source: Alvopetro Energy Ltd.) A key highlight in Alvopetro's recent operations is the successful drilling of the 183-D4 well on its 100 per cent-owned Murucututu natural gas field in Brazil. The well was drilled to a total measured depth of 3,072 metres, cased, and cemented. It encountered the Caruaçu Member of the Maracangalha Formation approximately 106 metres structurally updip of the previously successful 183-A3 well. Based on cased-hole gamma ray logs and gas readings while drilling, the well revealed an aggregate 61 metres of potential natural gas pay between 2,439 and 2,838 metres total vertical depth (TVD). Alvopetro plans to complete the well in up to five intervals, with production expected to commence in the third quarter of 2025. This result further strengthens the company's resource base and supports its strategy of organic growth through technically and economically attractive drilling opportunities. 'May sales included the first full month of production from our first two wells drilled in Western Canada averaging 346 bopd gross (173 bopd net), exceeding our pre-farmin expectations and we are looking forward to drilling our next two wells here starting this summer,' the company's president and CEO, Corey C. Ruttan, commented in a news release. 'We are also encouraged by our 183-D4 results and expect to have this well on production in Q3 to fuel continued production growth in Brazil.' With increased production and sales volumes and in line with its balanced capital allocation strategy, Alvopetro's Board of Directors increased the quarterly dividend commencing with the Q1 2025 dividend to US$0.10 per common share (from US$0.09 per common share in 2024). The Q2 2025 quarterly dividend was also confirmed at US$0.10 per common share, payable on July 15, 2025, to shareholders of record as of June 30, 2025. This dividend is designated as an 'eligible dividend' for Canadian income tax purposes. For non-resident shareholders, dividend payments will be subject to a 25 per cent Canadian withholding tax, though reduced rates may apply under applicable tax treaties. A compelling case for investor due diligence Logging 49 per cent growth in its TSX stock since this time last year, Alvopetro Energy Ltd. presents a compelling opportunity for investors seeking exposure to a profitable, well-managed energy company with a clear strategy for growth and value creation. With a strong foundation in Brazil's natural gas sector, a disciplined capital allocation model, and a commitment to returning capital to shareholders, Alvopetro is in a stable position for continued success. Investors would be wise to conduct further due diligence into Alvopetro's operations, financials, and strategic outlook as the company continues to deliver on its growth and return objectives. Join the discussion: Find out what everybody's saying about this stock on the Alvopetro Energy Bullboard, and check out the rest of Stockhouse's stock forums and message boards. This is sponsored content issued on behalf of Alvopetro Energy Ltd., please see full disclaimer here.
Cision Canada
16-06-2025
- Business
- Cision Canada
Alvopetro Announces Q2 2025 Dividend of US$0.10 Per Share and Reminder of Upcoming AGM
CALGARY, AB, June 16, 2025 /CNW/ - 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 Annual General Meeting Alvopetro's annual general and special meeting (the "Meeting") will be held on Wednesday, June 18, 2025 at the offices of Torys LLP (Suite 4600, 525 8 th Avenue SW, Calgary, Alberta) beginning at 9:30 a.m. Mountain time. All interested parties are invited to attend the Meeting, however only registered shareholders of record at the close of business on May 5, 2025 and duly appointed proxyholders will be entitled to vote at the Meeting. We will also be broadcasting the meeting via live webcast for the interest of all shareholders. Please be advised that shareholders will not be able to vote any shares through this webcast format. Details for joining the event are as follows: DATE: June 18, 2025 TIME: 9:30 AM Mountain/11:30 AM Eastern LINK: DIAL-IN NUMBERS: WEBINAR ID: 895 1220 4386 Corporate Presentation Alvopetro's updated corporate presentation is available on our website at: Follow Alvopetro on our social media channels at the following links: Twitter - Instagram - LinkedIn - 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. 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", "plan", "may", "believe", "estimate", "forecast", "anticipate", "should" 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 Company's dividends, plans for dividends in the future, the timing and amount of such dividends and the expected tax treatment thereof. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to 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 and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations 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, the outcome of any disputes, the outcome of redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and 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. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. 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. 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 AIF which may be accessed on Alvopetro's SEDAR+ profile at 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. SOURCE Alvopetro Energy Ltd.
