Alvopetro Energy (TSE:ALV) has released an update.
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Alvopetro Energy Ltd. has initiated an emergency arbitration with the International Chamber of Commerce to enforce an expert decision that increased their working interest in a unitized natural gas field in Brazil from 49.1% to 56.2%. The move comes after a third-party partner disputed the expert’s ruling, which Alvopetro insists is binding under their operating agreement. The arbitration seeks to uphold the expert’s determination and support Alvopetro’s vision of becoming a leading operator in Brazil’s natural gas sector.
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