Alvopetro Energy (ALV) announces September sales volumes of 2,536 boepd based on field estimates.
This figure includes natural gas sales of 14.5 mmcfpd and associated natural gas liquids sales from condensate of 113 bopd. This raises the company's average third-quarter sales volumes to an estimated 2,459 boepd.
On August 1, 2021, Alvopetro's natural gas price was adjusted to BRL1.31/m3, an increase of 24 per cent from the February 1 contracted natural gas price of BRL1.06/m3. We are forecasting a further increase to BRL1.81/m3.
The company has notified Enerflex Ltd. to increase the operational capacity of the gas processing facility to 500,000 m3/d under the terms of the existing Gas Treatment Agreement.
Alvopetro Energy Ltd is a Canadian-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil.
Alvopetro Energy Ltd. (ALV) is up 2.00 per cent, trading at C$4.59 per share at 10:15 am ET.