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Alvopetro Announces Record February 2023 Sales Volumes
Alvopetro Announces Record February 2023 Sales Volumes Canada NewsWire CALG...
About this update from Alvopetro Energy Ltd.
[{"type":"text","content":"\n \n \n \n Alvopetro Announces Record February 2023 Sales Volumes\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 \n CALGARY, AB\n \n \n ,\n \n \n March 6, 2023\n \n \n /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces\n \n February 2023\n \n average sales volumes of 2,866 boepd, including natural gas sales of 16.4 MMcfpd and associated natural gas liquids sales from condensate of 128 bopd, based on field estimates. February sales volumes are a new record for Alvopetro, an increase of 4% from\n \n January 2023\n \n and 5% from Q4 2022. All natural gas sales from\n \n February 1 to July 31, 2023\n \n are at our new contracted price of\n \n BRL2.00\n \n /m\n \n 3\n \n or $11.88/Mcf (based on our average heat content to date and the January 31,\n \n 2023 BRL\n \n /USD foreign exchange rate of 5.10), an increase of 3.6% from our prior contracted price. Including recently approved and enhanced sales tax credits, our realized gas price, net of sales taxes, for the month of February was approximately\n \n $12.23\n \n /Mcf (based on our average heat content to date and the average\n \n February 2023\n \n BRL/USD foreign exchange rate of 5.17).\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 Media\n \n \n \n Follow Alvopetro on our social media channels at the following links:\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 YouTube -\n \n https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w\n \n \n \n \n \n Alvopetro Energy Ltd.'s\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 Cabur&#x...