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Alvopetro Announces September Sales Volumes And Gas Plant Expansion
Alvopetro Announces September Sales Volumes And Gas Plant Expansion Canada News...
About this update from Alvopetro Energy Ltd.
[{"type":"text","content":"\n \n \n \n Alvopetro Announces September Sales Volumes And Gas Plant Expansion\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; VERTICAL-ALIGN: BOTTOM; 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.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Oct. 5, 2021\n \n /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces September sales volumes of 2,536 boepd based on field estimates, including natural gas sales of 14.5 mmcfpd and associated natural gas liquids sales from condensate of 113 bopd.  This brings our average third quarter sales volumes to an estimated 2,459 boepd, an increase of 4% from our second quarter sales volumes of 2,361 boepd.  On\n \n August 1, 2021\n \n , our natural gas price was adjusted to\n \n BRL1.31\n \n /m3, an increase of 24% from our\n \n February 1, 2021\n \n contracted natural gas price of\n \n BRL1.06\n \n /m3.  We are forecasting a further increase, to the ceiling within our contract, effective\n \n February 1, 2022\n \n , to\n \n BRL1.81\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 August 31, 2021\n \n . Assuming the average heat content of Alvopetro's gas to-date of 107% and the\n \n September 30, 2021\n \n BRL/USD foreign exchange rate of 5.44 this equates to\n \n US$10.07\n \n /mcf effective\n \n February 1, 2022\n \n .\n \n \n \n Gas Plant Expansion\n \n \n \n We have notified Enerflex Ltd. to increase the operational capacity of our gas processing facility to 500,000 m3/d under the terms of our existing Gas Treatment Agreement.  We expect that the additional firm capacity will be available by\n \n June 1, 2022\n \n . The additional available capacity will allow u...