Alvopetro Announces Additional Firm Gas Sales, Updated Natural Gas Pricing & Q1 2026 Record Production

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[{"type":"text","content":"CALGARY, AB, April 1, 2026 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV; OTCQX: ALVOF) announces additional firm gas sales for 2026 and 2027, updated natural gas pricing forecasts, Q1 2026 production and an operational update.","length":222,"tagName":"p"},{"type":"text","content":"Bahiagas Sales Agreement Update","length":31,"tagName":"p"},{"type":"text","content":"Alvopetro and Bahiagás have agreed to update our long-term gas sales agreement to increase Alvopetro's firm gas sales by 25% up to 500 e3m3/d (17.7 Mcfpd). The additional 100 e3m3/d of firm sales (QDC2) covers the period January 1, 2026 through December 31, 2027 and is being priced at US$/MMBtu=10.5%*average Brent oil prices in effect for the preceding quarter.","length":367,"tagName":"p"},{"type":"text","content":"As previously announced, effective February 1, 2026, our natural gas price under our existing long-term gas sales agreement (QDC1) was adjusted to BRL1.85/m3, a 2% increase from the November 1, 2025 price of BRL1.81/m3. This price applies to firm natural gas sales up to 400 e3m3/d from February 1, 2026 to April 30, 2026 (QDC1). The natural gas price under QDC2 is also reset quarterly and for the period February 1, 2026 to April 30, 2026 is BRL1.33/m3.","length":455,"tagName":"p"},{"type":"text","content":"Based on our average heat content to-date and the March 31, 2026 BRL/USD exchange rate of 5.22, our expected weighted average realized price (QDC1 + QDC2) on firm natural gas sales during the February 1, 2026 – April 30, 2026 period is expected to be $10.09/Mcf. Based on the March 31, 2026 BRL/USD exchange rate of 5.22 and Q1 2026 Brent and Henry Hub benchmark prices, our weighted average realized price for the May 1, 2026 – July 31, 2026 reset period is expected to be $10.68/Mcf. Based on the BRL/USD exchange rate of 5.22 and forecast Q2 2026 Brent and Henry Hub benchmark prices using closing futures prices on March 30, 2026, our expected realized weighted average realized price for the August 1, 2026 – October 31, 2026 reset period is forecasted to be $12.87/Mcf. Amounts ultimately received in equivalent USD will be impacted exchange rates and actual benchmark pricing in effect during the relevant period.","length":920,"tagName":"p"},{"type":"text","content":"The contracted firm volumes would be satisfied with delivered natural gas sales of approximately...

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