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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

Comment by Ladrianon Jun 08, 2021 5:29pm
114 Views
Post# 33349807

RE:RE:RE:RE:Some more great news!

RE:RE:RE:RE:Some more great news!Specific, thank you for your comments. Back in late March I shared on this Board my calculation for the Company's value. Please note it was before the Company announced a) dividends, b) share buy back program, c) latest reserves estimates, d) increased EBITDA forecast for '21. So all that was announced in the past 8-10 weeks cements my estimates - why is the market not recognizing it. Is the management communicating enough? What are your thoughts on the calculation? Thank you, Ladrian 

Gomo reserves and resources have the potential to be approximately 3 times larger than our core Cabur project.
 

Cabur NAV CAD 147m
Gomo NAV CAD 147m x 3 = CAD 441m

Cabur + Gomo = CAD 588m

If there are about 100m shares that would mean CAD 5,88 / share NAV?

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