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Alvopetro Energy ( (TSE:ALV) ) just unveiled an announcement.
Alvopetro Energy Ltd. reported significant growth in sales volumes for January 2025, with a 41% increase from Q4 2024. The company achieved sales of 2,457 boepd, largely driven by natural gas. Additionally, Alvopetro adjusted its natural gas prices under a long-term agreement, reflecting market conditions. Operationally, the company faced challenges with a project on Block 183, incurring costs of $4 million. However, it plans to continue development with new wells at the Murucututu field and Caburé Unit, signaling ongoing expansion efforts.
More about Alvopetro Energy
Alvopetro Energy Ltd. is a company operating in the energy sector, primarily focusing on the exploration and production of natural gas, natural gas liquids (NGLs), and crude oil. The company is listed on the TSX Venture Exchange and the OTCQX. It aims to expand its market presence in the Western Canadian Sedimentary Basin.
YTD Price Performance: -3.81%
Average Trading Volume: 20,696
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$182.4M
Learn more about ALV stock on TipRanks’ Stock Analysis page.
