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Alvopetro Announces October Sales Volumes and Q3 Results Webcast
Alvopetro Announces October Sales Volumes and Q3 Results Webcast Canada NewsWir...
About this update from Alvopetro Energy Ltd.
[{"type":"text","content":"\n \n \n \n Alvopetro Announces October Sales Volumes and Q3 Results Webcast\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Nov. 4, 2021\n \n /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces October sales volumes of 2,382 boepd based on field estimates, including natural gas sales of 13.7 mmcfpd, associated natural gas liquids sales from condensate of 99 bopd and oil sales of 5 bopd, a decrease of 3% from our average third quarter volumes of 2,459 boepd and an increase of 2% from our average daily volumes for the nine-month period ending\n \n September 30, 2021\n \n . We are continuing to receive strong natural gas sales prices of approximately\n \n US$7.14\n \n /mcf, and are forecasting an increase, to the ceiling within our contract, effective\n \n February 1, 2022\n \n , to\n \n BRL1.90\n \n /m3. This has been estimated using commodity prices to-date in 2021, GLJ Ltd.'s\n \n October 1, 2021\n \n commodity price forecast and US CPI inflation up to\n \n September 30, 2021\n \n . Assuming the average heat content of Alvopetro's gas to-date of 107% and the\n \n October 31, 2021\n \n BRL/USD foreign exchange rate of 5.643 this equates to\n \n US$10.15\n \n /mcf effective\n \n February 1, 2022\n \n .\n \n \n \n Upcoming Q3 2021 Results and Live Webcast\n \n \n \n Alvopetro plans to announce its third quarter 2021 unaudited financial and operating results on\n \n November 9, 2021\n \n after markets close.  The management team will host a live webcast to discuss the results at\n \n 9:00 am Mountain time\n \n , on the\n \n November 10, 2021\n \n . Details for joining the event are as follows:\n \n \n \n DATE:\n \n November 10, 2021\n \n \n \n \n TIME:\n \n 11:00 AM\n \n Eastern /\n \n...