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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
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Post by Ladrianon Aug 04, 2021 8:07am
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Post# 33647241

24% increase semi-annual natural gas price determination

24% increase semi-annual natural gas price determinationhttps://www.newswire.ca/news-releases/alvopetro-announces-july-sales-volumes-824115224.html


semi-annual natural gas price determination under our long-term gas sales agreement was completed effective August 1, 2021, with a new contracted natural gas price of BRL1.31/m3, a 24% increase from our February 1, 2021 contracted price of BRL1.06/m3. 
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