Business
Alvopetro Announces December Sales Volumes and Operational Update
Alvopetro Announces December Sales Volumes and Operational Update Canada NewsWi...
About this update from Alvopetro Energy Ltd.
[{"type":"text","content":"\n \n \n \n Alvopetro Announces December Sales Volumes and Operational Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Jan. 5, 2021\n \n /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) (OTCQX: ALVOF) announces December sales volumes and an operational update.  December natural gas sales averaged 11.6 mmcfpd with associated natural gas liquids sales from condensate of 97 bopd, for an overall daily average of 2,032 boepd, based on field estimates. Our December sales volumes bring our estimated fourth quarter average daily sales to 1,950 boepd, an increase of 10% from our third quarter sales volumes.\n \n \n We commenced the production test on our 183-1 well this week. The test will evaluate the long-term deliverability of the well and is expected to take up to 45 days to complete.  Results from the test will determine the timing and extent of future activity on our Gomo project, including plans for an 8-kilometre flowline to connect the 183-1 well to our existing Caburé transfer pipeline.\n \n \n We will finalize civil construction for our 183-B1 and 182-C1 natural gas exploration prospects this month and expect to drill these wells in the first half of 2021.\n \n \n \n Corporate Presentation\n \n \n \n Alvopetro's updated corporate presentation is available on our website at:\n \n \n http://www.alvopetro.com/corporate-presentation\n \n .\n \n \n \n Social\n \n \n \n \n \n \n Media\n \n \n \n Follow Alvopetro on our social media channels at the following links:\n \n \n Twitter -\n \n https://twitter.com/AlvopetroEnergy\n \n \n Instagram -\n \n https://www.instagram.com/alvopetro/\n \n \n LinkedIn -\n \n https://www.linkedin.com/company/alvopetro-energy-ltd\n \n \n \n \n \n Alvopetro Energy Ltd.'s\n \n \n \n \n \n vision is to become a leading independent upstream and midstream operator in\n \n Brazil\n \n . Our strategy is to unlock the on-shore natural gas potential in the state of Bahia in\n \n \n \n Brazil\n \n , building off the development of our Caburé natural gas field and...