Great Quarterly ResultsAlvo have published great quarterly with a very positive outlook for the next few periods.
Will be interesting to hear what the management have to day later today on the online presentation.
We are forecasting a further increase in our realized natural gas prices, to the ceiling within our contract, effective February 1, 2022, to BRL 1.90/m3, or $10.15/mcf. We continue to advance the installation of our Gomo/Murucututu pipeline and expect our 183(1) well to be tied-in and on production in early 2022. We have also notified Enerflex Ltd. to increase the operational capacity of our gas processing facility to 500,000 m3/d (17.7 mmcfpd) under the terms of our existing Gas Treatment Agreement, a 25% increase above our current processing capacity. We expect that the additional firm capacity will be available by June 1, 2022. We expect to commence drilling the first prospect, the 182-C1 well, in December. Overall, our natural gas, oil and condensate revenues increased to $10.0 million, a 22% increase over Q2 2021 revenue of $8.2 million. Q3 2021 Results Webcast
We are hosting a quarterly results webcast to discuss our Q3 2021 results on November 10, 2021. Details for joining the event are as follows:
DATE: November 10, 2021
TIME: 11:00 AM Eastern / 9:00 AM Mountain
LINK: https://zoom.us/j/97259429873
DIAL-IN NUMBERS: https://zoom.us/u/abU4Yuejrl
WEBINAR ID: 972 5942 9873
The webcast will include a question and answer period. Online participants will be able to ask questions through the Zoom portal.
https://finance.yahoo.com/news/alvopetro-announces-third-quarter-2021-223400197.html