Business
Alvopetro Provides Unitization and Operational Update
Alvopetro Provides Unitization and Operational Update Canada NewsWire CALGARY, J...

About this update from Alvopetro Energy Ltd.
[{"type":"text","content":"\n\n\n\nAlvopetro Provides Unitization and Operational Update\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.prngen1{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.83em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: CENTER; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-BOTTOM:black 0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Jan. 15, 2018\n\n\n\nCALGARY, Jan. 15, 2018 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to announce initial results from the ANP Arbitration in connection with the unitization of our Caburé natural gas field (the 197(2) and 198(A1) wells) with the adjacent resource owners.\n\nUnitization Process\n\nThe National Agency of Petroleum, Natural Gas and Biofuels of Brazil (\"ANP\") was engaged to arbitrate the terms of the unitization of our Caburé natural gas field (the 197(2) and 198(A1) wells) with the adjacent resource owners. The ANP has completed its review of all technical data provided by the parties and has determined the initial working interest share for each resource owner as follows:\n\n\n\n\n\n\nGas in Place\n\n\n\n\n%\n\n\nmmboe (Bcf)1\n\n\n\nAlvopetro\n\n\n49.1%\n\n\n10.40 (62.4)\n\n\n\nImetame Energia Ltda.\n\n\n36.1%\n\n\n7.65 (45.9)\n\n\n\nOrteng Óleo & Gas S.A.  \n\n\n14.8%\n\n\n3.13 (18.8)\n\n\n\n\n\n21.18 (127.1)\n\n \n\n1 Gas in place estimated by the ANP following the review of all technical information submitted by Alvopetro and Imetame. These resource estimates have not been reviewed by Alvope...