Business
Alvopetro Announces 2025 Year End Reserves Including a 79% Increase in 1P Reserves, 2P Production Replacement Ratio of 530% and 2026 Capital Plan
Alvopetro Energy Ltd. (TSXV:ALV) (OTCQX: ALVOF) ("Alvopetro" or the "Company") announces our reserves as at December 31, 2025 with total proved ("1P") reserves of 8.1 MMboe and total proved plus probable ("2P") reserves of 13.1 MMboe, increases of 79% and 43%, respectively, from December 31, 2024. The before tax net present value discounted at 10% ("NPV10") of our 1P reserves increased 38% to $245.6 million and the NPV10 of our 2P reserves increased 20% to $393.6 million. We also announce risked
About this update from Alvopetro Energy Ltd.
[{"type":"text","content":"CALGARY, AB, Feb. 25, 2026 /CNW/ - Alvopetro Energy Ltd. (TSXV:ALV) (OTCQX: ALVOF) ("Alvopetro" or the "Company") announces our reserves as at December 31, 2025 with total proved ("1P") reserves of 8.1 MMboe and total proved plus probable ("2P") reserves of 13.1 MMboe, increases of 79% and 43%, respectively, from December 31, 2024. The before tax net present value discounted at 10% ("NPV10") of our 1P reserves increased 38% to $245.6 million and the NPV10 of our 2P reserves increased 20% to $393.6 million. We also announce risked best estimate contingent resources of 3.8 MMboe (NPV10 $88.0 million) and risked best estimate prospective resources of 12.1 MMboe (NPV10 $264.3 million). The reserves and resources data set forth herein is based on an independent reserves and resources assessment and evaluation prepared by GLJ Ltd. ("GLJ") dated February 25, 2026 with an effective date of December 31, 2025 (the "GLJ Reserves and Resources Report").","length":1040,"tagName":"p"},{"type":"text","content":"The GLJ Reserves and Resources Report incorporates Alvopetro's working interest share of remaining recoverable reserves held by Alvopetro in both Brazil and Canada. In Brazil, as of December 31, 2025, Alvopetro held a 100% working interest in the Murucututu natural gas field, a 56.2% working interest in the unitized area (the "Unit") which includes our Caburé and Caburé Leste natural gas fields (collectively referred to as "Caburé" in this news release) as well as a 100% working interest in two oil fields (Bom Lugar and Mãe-da-lua). Alvopetro has entered into an assignment agreement to dispose of these oil fields, the closing of which is subject to standard regulatory approvals, including approval of the ANP. In Canada, as of December 31, 2025, Alvopetro held a 50% working interest in 75 sections of land (23,539 net acres) focused on the Mannville Stack heavy oil play fairway in Western Saskatchewan.","length":942,"tagName":"p"},{"type":"text","content":"All references herein to $ refer to United States dollars, unless otherwise stated.","length":93,"tagName":"p"},{"type":"text","content":"President & CEO, Corey C. Ruttan commented:","length":47,"tagName":"p"},{"type":"text","content":""Our 2025 year end r...