CALGARY, AB, June 10, 2025/ CNW/ – Alvopetro Energy Ltd. ALV ALVOF reveals Might 2025 sales volumes and a functional upgrade, consisting of arise from our 183-D4 well. Based upon cased hole logs and logs while drilling, the well come across 61 metres overall vertical depth (” TVD”) possible net gas pay in the Caruaçu Development 106 metres updip of our 183-A3 well.
President & & CEO, Corey C. Ruttan commented:
” Might sales consisted of the very first complete month of production from our very first 2 wells drilled in Western Canada balancing 346 bopd gross (173 bopd internet), surpassing our pre-farmin expectations and we are eagerly anticipating drilling our next 2 wells here beginning this summertime. We are likewise motivated by our 183-D4 outcomes and anticipate to have this well on production in Q3 to sustain ongoing production development in Brazil“
Might Sales Volumes
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Gas, NGLs and petroleum sales: |
Might 2025 |
April 2025 |
Q1 2025 |
|
Brazil: |
|||
|
Gas (Mcfpd), by field: |
|||
|
Caburé |
10,800 |
12,636 |
11,710 |
|
Murucututu |
1,500 |
844 |
2,093 |
|
Overall gas (Mcfpd) |
12,300 |
13,480 |
13,803 |
|
NGLs (bopd) |
111 |
126 |
135 |
|
Oil (bopd) |
– |
– |
10 |
|
Overall (boepd)– Brazil |
2,161 |
2,373 |
2,446 |
|
Canada: |
|||
|
Oil (bopd)– Canada |
173 |
90 |
– |
|
Overall Business– boepd( 1 ) |
2,334 |
2,463 |
2,446 |
|
( 1 ) |
Alvopetro reported volumes are based upon sales volumes which, due to the timing of sales shipments, might vary from production volumes. |
Might sales volumes in Brazil balanced 2,161 boepd, consisting of gas sales of 12.3 MMcfpd and associated gas liquids sales from condensate of 111 bopd, based upon field price quotes. Sales volumes reduced 9% compared to April due to turn-arounds at both Alvopetro centers and Bahiagás end user plants, which affected need in the month. In Canada, with a complete month of production in Might, Alvopetro’s net 50% share of oil sales volumes increased to 173 bopd, bringing the Business’s overall sales to 2,334 boepd, based upon field price quotes.
Functional Update
183-D4 Well Outcomes
We have actually now finished the sidetrack and drilling of our 183-D4 well on our 100% Murucututu gas field. The well was drilled to an overall determined depth of 3,072 metres and has actually been cased and sealed. The well came across the Caruaçu Member of the Maracangalha Development 106 metres structurally updip of our 183-A3 success.
Based upon cased-hole gamma ray logs and stabilized gas while drilling, the well come across possible gas pay in the Caruaçu Member of the Maracangalha Development, with an aggregate 61 metres of possible gas pay in between 2,439 and 2,838 meters TVD.
Based upon these drilling results, we prepare to finish the well in approximately 5 periods and anticipate the well to be on production to the field production center in the 3rd quarter.
Caburé System Advancement Drilling Program
Our prepared Caburé System advancement drilling program has actually started. The very first well has actually now been spud and we anticipate to have actually 4 wells drilled by the end of the 3rd quarter.
Western Canadian Capital Strategy
In Western Canada, well pad building for our next 2 wells has actually started and we anticipate the wells to be drilled in the 3rd quarter.
Yearly General Satisfying
Alvopetro’s yearly basic and unique conference (the “Satisfying”) will be hung on Wednesday, June 18, 2025 at the workplaces of Torys LLP (Suite 4600, 525 8 th SW, Calgary, Alberta) starting at 9:30 a.m. Mountain time. The management details circular and all associated products are readily available on our site and www.sedarplus.ca.
All interested celebrations are welcomed to participate in the Satisfying. We will likewise be transmitting the conference through live webcast for the interest of all investors. Please be encouraged that investors will not have the ability to vote any shares through this webcast format. Information for signing up with the occasion are as follows:
DATE: June 18, 2025
TIME: 9:30 AM Mountain/ 11:30 AM Eastern
LINK: https://us06web.zoom.us/j/89512204386
DIAL-IN NUMBERS: https://us06web.zoom.us/u/kenh5nLlte
WEBINAR ID: 895 1220 4386
Business Discussion
Alvopetro’s upgraded business discussion is readily available on our site at:
http://www.alvopetro.com/corporate-presentation.
Social Media
Follow Alvopetro on our social networks 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 releasing a well balanced capital allowance design where we look for to reinvest approximately half our money streams into natural development chances and return the other half to stakeholders. Alvopetro’s natural development technique is to concentrate on the very best mixes of geologic prospectivity and financial routine. Alvopetro is stabilizing capital expense chances in Canada and Brazil where we are structure off the strength of our Caburé and Murucututu gas fields and the associated tactical midstream facilities.
Neither the TSX Endeavor Exchange nor its Policy Solutions Supplier (as that term is specified in the policies of the TSX Endeavor Exchange) accepts duty for the adequacy or precision of this press release.
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Abbreviations: |
||
|
boepd (* ) = |
barrels of oil equivalent(” boe “) daily |
bopd (* ) = (* ) barrels of oil and/or natural gas liquids( condensate )daily |
|
BRL |
= |
Brazilian Genuine (* ) Mcf |
|
= |
thousand cubic feet |
Mcfpd (* ) = |
|
thousand cubic feet daily |
MMcf |
= |
|
million cubic feet |
MMcfpd |
= |
|
million cubic feet daily |
NGLs (* ) = |
natural gas liquids( condensate) |
|
BOE Disclosure |
The term barrels of oil equivalent(” boe”) might be deceptive, especially if utilized in seclusion. A boe conversion ratio of 6 thousand cubic feet per barrel( 6 Mcf/bbl) of gas to barrels of oil equivalence is based upon an energy equivalency conversion approach mostly appropriate at the burner suggestion and does not represent a worth equivalency at the wellhead. All boe conversions in this press release are stemmed from transforming gas to oil in the ratio mix of 6 thousand cubic feet of gas to one barrel of oil. |
Well Outcomes(* )Information gotten from the 183-D4 well recognized in this news release, consisting of hydrocarbon programs, cased-hole logging information, and possible take-home pay needs to be thought about initial till screening, in-depth analysis and analysis has actually been finished. Hydrocarbon programs can be seen throughout the drilling of a well in various situations and do not always show an industrial discovery or the existence of industrial hydrocarbons in a well. There is no representation by Alvopetro that the information connecting to the 183-D4 well included in this news release is always a sign of long-lasting efficiency or supreme healing. The reader is warned not to unduly depend on such information as such information might not be a sign of future efficiency of the well or of anticipated production or functional outcomes for Alvopetro in the future.(* )Positive Declarations and Cautionary Language |
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This press release includes positive details within the significance of appropriate securities laws. Using any of the words” will “, “anticipate”,” plan”,” strategy “,” might”,” think “,” price quote”,” projection”,” prepare for “,” need to” and other comparable words or expressions are planned to determine positive details. Forward‐looking declarations include considerable dangers and unpredictabilities, need to not read as assurances of future efficiency or outcomes, and will not always be precise indicators of whether such outcomes will be accomplished. A variety of elements might trigger real outcomes to differ considerably from the expectations gone over in the positive declarations. These positive declarations show existing presumptions and expectations concerning future occasions. Appropriately, when depending on positive declarations to make choices, Alvopetro warns readers not to position unnecessary dependence on these declarations, as positive declarations include considerable dangers and unpredictabilities. More especially and without constraint, this press release includes positive declarations worrying possible net gas pay in the 183-D4 well and expectations concerning future conclusion prepare for the well along with timing of production start from the well, future production and sales volumes, strategies connecting to the Business’s functional activities, and other expedition and advancement activities in both |
Canada(* )and |
Brazil |
and the timing for such activities. Positive declarations are always based upon presumptions and judgments with regard to the future consisting of, however not restricted to the success of future drilling, conclusion, screening, recompletion and advancement activities and the timing of such activities, the efficiency of producing wells and tanks, well advancement and running efficiency, expectations and presumptions worrying the timing of regulative licenses and approvals, devices schedule, ecological guideline, consisting of guidelines connecting to hydraulic fracturing and stimulation, the capability to generate income from hydrocarbons found, the outlook for product markets and capability to gain access to capital markets, foreign exchange rates, the result of any disagreements, the result of redeterminations, basic financial and organization conditions, anticipated need for oil and gas, the effect of international pandemics, weather condition and access to drilling areas, the schedule and expense of labour and services, and the regulative and legal environment and other dangers connected with oil and gas operations. The reader is warned that presumptions utilized in the preparation of such details, although thought about affordable at the time of preparation, might show to be inaccurate. Real outcomes accomplished throughout the projection duration will differ from the details offered herein as an outcome of various recognized and unidentified dangers and unpredictabilities and other elements. Present and forecasted gas elections undergo alter daily and such modifications might be product. In addition, the statement, timing, quantity and payment of future dividends stay at the discretion of the Board of Directors. Although our company believe that the expectations and presumptions on which the positive declarations are based are affordable, unnecessary dependence needs to not be put on the positive declarations due to the fact that we can provide no guarantee that they will show to be appropriate. Given that forward looking declarations attend to future occasions and conditions, by their very nature they include intrinsic dangers and unpredictabilities. Real outcomes might vary materially from those presently prepared for due to a variety of elements and dangers. These consist of, however are not restricted to, dangers connected with the oil and gas market in basic( e.g., functional dangers in advancement, expedition and production; hold-ups or modifications in strategies with regard to expedition or advancement tasks or capital investment; the unpredictability of reserve price quotes; the unpredictability of price quotes and forecasts connecting to production, expenses and expenditures, dependence on market partners, schedule of devices and workers, unpredictability surrounding timing for drilling and conclusion activities arising from weather condition and other elements, modifications in appropriate regulative routines and health, security and ecological dangers), product rate and foreign exchange rate variations, market unpredictability connected with trade or tariff disagreements, and basic financial conditions. The reader is warned that presumptions utilized in the preparation of such details, although thought about affordable at the time of preparation, might show to be inaccurate. Although Alvopetro thinks that the expectations and presumptions on which such positive details is based are affordable, unnecessary dependence needs to not be put on the positive details due to the fact that Alvopetro can provide no guarantee that it will show to be appropriate. Readers are warned that the foregoing list of elements is not extensive. Extra details on elements that might impact the operations or monetary outcomes of Alvopetro are consisted of in our AIF which might be accessed on Alvopetro’s SEDAR+ profile at www.sedarplus.ca. The positive details included in this press release is made since the date hereof and Alvopetro carries out no responsibility to upgrade openly or modify any positive details, whether as an outcome of brand-new details, future occasions or otherwise, unless so needed by appropriate securities laws.
SOURCE Alvopetro Energy Ltd.
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