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Alvopetro Energy Ltd ALVOF


Primary Symbol: V.ALV

Alvopetro Energy Ltd. is a Canada-based company, which is engaged in the exploration for, and the acquisition, development and production of, hydrocarbons in Brazil. The Company is specialized in the development of Brazil's independent onshore natural gas industry with the Company's Cabure natural gas asset and midstream projects. It has interests in the Cabure and Murucututu natural gas assets, two exploration blocks (Block 182 and Block 183) and two oil fields (Bom Lugar and Mae-da-lua), in the Reconcavo basin onshore Brazil. The Cabure Field extends across four blocks in the Reconcavo Basin in the state of Bahia in Brazil, two of which are held by the Company and two of which are held by its partner. The Company's Murucututu natural gas project extends across Blocks 183 and 197, both held 100% by it. The Company is producing approximately 14 barrels of oil and/or natural gas liquids (condensate) per day (bopd) based on field estimates.


TSXV:ALV - Post by User

Post by Ladrianon Apr 10, 2021 9:23pm
89 Views
Post# 32973566

Ruttan Quote on Gomo Doscovery

Ruttan Quote on Gomo Doscovery
Corey Ruttan, President and Chief Executive Officer, commented: “With the successful production test of our 183 Gomo well earlier this year and the final investment decision on our Gomo transfer pipeline extension we are well positioned to implement a large-scale Gomo development. This represents a significant long-term opportunity with 2P reserves of 3.3 mmboe, risked best estimate contingent resource of 3.5 mmboe and risked best estimate prospective resource of 12.1 mmboe. Our Gomo asset is a unique part of our portfolio with very low assessed geological risk, analogous to many resource plays. This incremental Gomo resource shows the potential to add an additional 19 mmcfpd of productive capability from the Gomo project over the next 5 years. On a risked best estimate basis, our Gomo reserves and resources have the potential to be approximately 3 times larger than our core Cabur project."
 
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