Alvopetro Energy Ltd V.ALV

Alternate Symbol(s): ALVOF

Energy Oil & Gas E&P

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. 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. Its Murucututu natural gas project extends across Blocks 183 and 197, both held 100% by the Company. There are three existing wells at the field, including the 197(1) well, the 183(1) well, and the 183-A3 well.

TSXV:ALV - Post by User

Alvopetro Energy Ltd > Dividends in 2022 - all but announced if you read

<< Previous

Bullboard Posts

Next >>

Post by Ladrianon May 03, 2021 9:14am

141 Views

Post# 33113023

Dividends in 2022 - all but announced if you read

Dividends paid in 2022 - all but officially announced if you read between the lines in the latest press release regarding debt refinance.

Corey Ruttan:

This refinancing is a key prerequisite to accelerating our balanced stakeholder return and reinvestment model. Following the drilling of our two high impact exploration prospects (183-B1 and 182-C1), scheduled to start drilling at the end of June 2021, we expect to be in a position to define our 2022 capital expenditure budget and in turn, our stakeholder return model.

<< Previous

Bullboard Posts

Next >>

These cold weather stocks are looking to heat up for winter