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Source: Alvopetro Energy Ltd.
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  • Alvopetro Energy (ALV) announces October sales volumes of 2,382 boepd based on field estimates
  • This figure includes natural gas sales of 13.7 mmcfpd, associated natural gas liquids sales from condensate of 99 bopd and oil sales of 5 bopd
  • Alvopetro is forecasting an increase, to the ceiling within its contract, effective February 1, 2022, to BRL1.90/m3
  • Alvopetro plans to announce its third-quarter 2021 unaudited financial and operating results after market close on November 9, 2021
  • Alvopetro Energy Ltd is a Canadian-based resource company
  • Alvopetro Energy Ltd. (ALV) opened trading at C$4.96 per share

Alvopetro Energy (ALV) announces October sales volumes of 2,382 boepd based on field estimates.

This figure includes natural gas sales of 13.7 mmcfpd, associated natural gas liquids sales from condensate of 99 bopd and oil sales of 5 bopd, a decrease of 3 per cent from the company’s average third-quarter volumes of 2,459 boepd and an increase of 2 per cent from its average daily volumes for the nine-month period ending September 30, 2021.

Alvopetro is continuing to receive strong natural gas sales prices of approximately US$7.14/mcf, and is forecasting an increase, to the ceiling within its contract, effective February 1, 2022, to BRL1.90/m3. 

Alvopetro plans to announce its third-quarter 2021 unaudited financial and operating results after market close on November 9, 2021. The management team will host a live webcast to discuss the results at 9:00 am Mountain time, on November 10, 2021.

Alvopetro Energy Ltd is a Canadian-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil.

Alvopetro Energy Ltd. (ALV) opened trading at C$4.96 per share.

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