Alvopetro Announces May 2025 Sales Volumes and an Operational Update including 183-D4 Well Results
CALGARY, AB, June 10, 2025 /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces May 2025 sales volumes and an operational update, including results from our 183-D4 well. Based on cased hole logs and logs while drilling, the well encountered 61 metres total vertical depth ("TVD") potential net natural gas pay in the Caruaçu Formation 106 metres updip of our 183-A3 well.
President & CEO, Corey C. Ruttan commented:
"May sales included the first full month of production from our first two wells drilled in Western Canada averaging 346 bopd gross (173 bopd net), exceeding our pre-farmin expectations and we are looking forward to drilling our next two wells here starting this summer. We are also encouraged by our 183-D4 results and expect to have this well on production in Q3 to fuel continued production growth in Brazil."
May Sales Volumes
(1)
Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.
May sales volumes in Brazil averaged 2,161 boepd, including natural gas sales of 12.3 MMcfpd and associated natural gas liquids sales from condensate of 111 bopd, based on field estimates. Sales volumes decreased 9% compared to April due to turnarounds at both Alvopetro facilities and Bahiagás end user plants, which impacted demand in the month. In Canada, with a full month of production in May, Alvopetro's net 50% share of oil sales volumes increased to 173 bopd, bringing the Company's total sales to 2,334 boepd, based on field estimates.
Operational Update
183-D4 Well Results
We have now completed the sidetrack and drilling of our 183-D4 well on our 100% Murucututu natural gas field. The well was drilled to a total measured depth of 3,072 metres and has been cased and cemented. The well encountered the Caruaçu Member of the Maracangalha Formation 106 metres structurally updip of our 183-A3 success.
Based on cased-hole gamma ray logs and normalized gas while drilling, the well encountered potential natural gas pay in the Caruaçu Member of the Maracangalha Formation, with an aggregate 61 metres of potential natural gas pay between 2,439 and 2,838 meters TVD.
Based on these drilling results, we plan to complete the well in up to 5 intervals and expect the well to be on production to the field production facility in the third quarter.
Caburé Unit Development Drilling Program
Our planned Caburé Unit development drilling program has commenced. The first well has now been spud and we expect to have four wells drilled by the end of the third quarter.
Western Canadian Capital Plan
In Western Canada, well pad construction for our next two wells has commenced and we expect the wells to be drilled in the third quarter.
Annual General Meeting
Alvopetro's annual general and special meeting (the "Meeting") will be held on Wednesday, June 18, 2025 at the offices of Torys LLP (Suite 4600, 525 8 th SW, Calgary, Alberta) beginning at 9:30 a.m. Mountain time. The management information circular and all related materials are available on our website and www.sedarplus.ca.
All interested parties are invited to attend the Meeting. We will also be broadcasting the meeting via live webcast for the interest of all shareholders. Please be advised that shareholders will not be able to vote any shares through this webcast format. Details for joining the event are as follows:
http://www.alvopetro.com/corporate-presentation.
Follow Alvopetro on our social media channels at the following links:
Twitter - https://twitter.com/AlvopetroEnergy
Instagram - https://www.instagram.com/alvopetro/
LinkedIn - https://www.linkedin.com/company/alvopetro-energy-ltd
Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro's organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Abbreviations:
boepd
=
barrels of oil equivalent ("boe") per day
bopd
=
barrels of oil and/or natural gas liquids (condensate) per day
BRL
=
Brazilian Real
Mcf
=
thousand cubic feet
Mcfpd
=
thousand cubic feet per day
MMcf
=
million cubic feet
MMcfpd
=
million cubic feet per day
NGLs
=
natural gas liquids (condensate)
BOE Disclosure
The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.
Well Results
Data obtained from the 183-D4 well identified in this press release, including hydrocarbon shows, cased-hole logging data, and potential net pay should be considered preliminary until testing, detailed analysis and interpretation has been completed. Hydrocarbon shows can be seen during the drilling of a well in numerous circumstances and do not necessarily indicate a commercial discovery or the presence of commercial hydrocarbons in a well. There is no representation by Alvopetro that the data relating to the 183-D4 well contained in this press release is necessarily indicative of long-term performance or ultimate recovery. The reader is cautioned not to unduly rely on such data as such data may not be indicative of future performance of the well or of expected production or operational results for Alvopetro in the future.
Forward-Looking Statements and Cautionary Language
This news release contains forward-looking information within the meaning of applicable securities laws. The use of any of the words "will", "expect", "intend", "plan", "may", "believe", "estimate", "forecast", "anticipate", "should" and other similar words or expressions are intended to identify forward-looking information. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking statements concerning potential net natural gas pay in the 183-D4 well and expectations regarding future completion plans for the well as well as timing of production commencement from the well, future production and sales volumes, plans relating to the Company's operational activities, and other exploration and development activities in both Canada and Brazil and the timing for such activities. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities, the performance of producing wells and reservoirs, well development and operating performance, expectations and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, the outcome of any disputes, the outcome of redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and the regulatory and legal environment and other risks associated with oil and gas operations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our AIF which may be accessed on Alvopetro's SEDAR+ profile at www.sedarplus.ca. The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
SOURCE Alvopetro Energy Ltd.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
37 minutes ago
- Cision Canada
Focus Graphite Achieves 5N Purity from Lac Knife Graphite, Refined to Nuclear-Grade Purity Levels in AETC Testing
Thermal purification run on Lac Knife concentrate material produced and characterized by AETC has resulted in 99.9992 wt. % C purity – laying the foundation for the transition into the nuclear spec material purity OTTAWA, ON, June 12, 2025 /CNW/ - Focus Graphite Advanced Materials Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) (" Focus" or the " Company") is pleased to announce that recent thermal purification testing completed by American Energy Technologies Company (" AETC") has successfully refined Lac Knife flake graphite concentrate to a purity level of 99.999 wt.% C (" 5N"). This milestone underscores Focus Graphite's potential to supply ultra-high-purity graphite material for nuclear energy applications, a market historically dominated by synthetic graphite and limited to a small cohort of qualifying producers. The thermal purification was conducted at AETC's Wheeling, Illinois facility under an inert gas atmosphere at 2,800°C without the use of halogen gases. The test results exceeded expectations, achieving 5N purity through a proprietary, environmentally safer process. This breakthrough creates a new downstream market entry point for Focus Graphite, whose Lac Knife Project is one of North America's most advanced, high-purity natural graphite deposits - now nearing the end of the mine permitting process. Additional material characterizations are underway and will include: SEM/EDS: Scanning Electron Microscopy with Energy Dispersive X-ray Spectroscopy to evaluate surface morphology and elemental composition Scott Volume: Measurement of bulk density for assessing packing characteristics Tap Density: Analysis of powder compressibility and packing uniformity Laser Diffraction: Particle size distribution and aspect ratio changes due to thermal purification Particle Shape Analysis: Identification of predominant particle geometries in the 5N purity product BET Surface Area: Brunauer–Emmett–Teller analysis to determine surface area for adsorption and reactivity studies "Achieving 5N purity from Lac Knife graphite through thermal processing alone provides strong technical and commercial validation of our material," said Jason Latkowcer, Vice President, Corporate Development at Focus Graphite. "As global momentum shifts toward energy resilience, and surging electricity demand driven by AI, data centers, and electrification, nuclear power is regaining critical importance. Focus continues to progress towards our goal of supplying secure, high-purity natural graphite from a domestic North American source. Beyond the 5N precursor, we intend to further process the 5N purified power into specific market segments within the nuclear graphite market." This development coincides with a significant resurgence in nuclear energy investment. In Canada, Ontario is leading the G7 with the construction of the world's first grid-scale Small Modular Reactor (SMR) at the Darlington site, representing a critical step in clean energy transformation. Meanwhile in the U.S., President Trump recently signed an executive order prioritizing the revival and expansion of domestic nuclear energy capacity, placing further emphasis on the supply of key materials like nuclear-grade graphite. According to Anna Doninger, Manager of Government Relations at American Energy Technologies Co., "We at AETC were pleased to confirm that Focus Graphite's Lac Knife natural flake graphite concentrate was thermally purified to an impressive 99.9992 wt.% C purity, based on platinum crucible LOI testing. Even more noteworthy, this 5N-level purity was achieved without the use of halogen gas - using thermal purification at 2,800°C in an inert gas environment. This result positions Focus Graphite as a potential entrant into the nuclear graphite market, a space currently accessible to only a select few companies in North America. It's important to note that there is no generic 'nuclear-grade' graphite; production methods are proprietary, and end users must carefully select grades that meet their exact specifications. Historically, nuclear graphite powders have been predominantly synthetic. However, the ability of certain natural graphite materials - like Focus' - to meet both high-purity and Equivalent Boron Concentration (EBC) requirements opens the door for natural graphite to serve as a viable, and in some cases superior, alternative. Natural graphite meeting these specifications can command prices in the range of US$30,000 to $35,000 per tonne for 99.999 wt.% C LOI with <2 ppm EBC. The next phase of our collaboration will involve EBC testing of Focus' thermally refined graphite to further validate its applicability in nuclear-grade applications." Focus Graphite's strategy includes continued testing and validation of its 5N graphite for nuclear applications, as well as evaluating commercial pathways to serve this premium market. As the company moves closer to full mine permitting and production readiness, these results further enhance the strategic and economic potential of the Lac Knife Project. About Focus Graphite Advanced Materials Inc. Focus Graphite Advanced Materials is redefining the future of critical minerals with two 100% owned world-class graphite projects and cutting-edge battery technology. Our flagship Lac Knife project stands as one of the most advanced high-purity graphite deposits in North America, with a fully completed feasibility study. Lac Knife is set to become a key supplier for the battery, defense, and advanced materials industries. Our Lac Tétépisca project further strengthens our portfolio, with the potential to be one of the largest and highest-purity and grade graphite deposits in North America. At Focus, we go beyond mining – we are pioneering environmentally sustainable processing solutions and innovative battery technologies, including our patent-pending silicon-enhanced spheroidized graphite, designed to enhance battery performance and efficiency. Our commitment to innovation ensures a chemical-free, eco-friendly supply chain from mine to market. Collaboration is at the core of our vision. We actively partner with industry leaders, research institutions, and government agencies to accelerate the commercialization of next-generation graphite materials. As a North American company, we are dedicated to securing a resilient, locally sourced supply of critical minerals – reducing dependence on foreign-controlled markets and driving the transition to a sustainable future. For more information on Focus Graphite Inc. please visit Cautionary Note Regarding Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the results and ongoing evaluation of Lac Knife concentrate material processed by American Energy Technologies Company (AETC), the potential to meet nuclear-grade graphite purity and EBC specifications, and the Company's future participation in the nuclear graphite supply chain. It also includes statements regarding the expected advancement and permitting of the Company's Lac Knife Project, its strategic focus on supplying ultra-high-purity graphite for nuclear, battery, and defence applications, and the possibility of entering into commercial agreements, joint ventures, or downstream processing partnerships as part of its dual-stream development strategy. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information. SOURCE Focus Graphite Inc.
Cision Canada
37 minutes ago
- Cision Canada
BTB REIT Announces its Distribution for the Month of June 2025 Français
MONTRÉAL, June 12, 2025 /CNW/ - BTB Real Estate Investment Trust (TSX: (" BTB" or the " REIT") announced today that the monthly cash distribution for the month of June 2025 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid on July 15 th, 2025, to unitholders of record on June 30 th, 2025. About BTB BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB REIT invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 75 properties, representing a total leasable area of approximately 6.1 million square feet. People and their stories are at the heart of our success. For more detailed information, visit BTB's website at
Cision Canada
38 minutes ago
- Cision Canada
Canadian Investment Regulatory Organization Trading Halt - ADAD.P Français
VANCOUVER, BC, /CNW/ - The following issues have been halted by CIRO Company: ADAGIO 2 CAPITAL INC TSX-Venture Symbol: ADAD.P All Issues: Yes Reason: Pending closing Halt Time (ET): 7:30 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
