Alvopetro Announces Year End 2025 Financial Results, Q1 2026 Dividend of US$0.12/share, and Filing of our AIF

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[{"type":"text","content":"CALGARY, AB, March 17, 2026 /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) ("Alvopetro" or the "Company") announces an operational update, our financial results for the year ended December 31, 2025, a quarterly dividend of US$0.12 per common share and filing of our annual information form. We will be hosting a live webcast to discuss our Q4 2025 results on Wednesday March 18, 2026 at 8:00 a.m. Mountain time.","length":441,"tagName":"p"},{"type":"text","content":"All references herein to $ refer to United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.","length":176,"tagName":"p"},{"type":"text","content":"President & CEO, Corey C. Ruttan commented:","length":47,"tagName":"p"},{"type":"text","content":""2025 was a transformational year for Alvopetro. Mainly off the success of our 183-D4 well on our 100% owned Murucututu asset, year-over-year we increased average daily sales by 41% to 2,523 boepd and grew 2P reserves by 43% to 13.1 MMboe, replacing production over 5 times. With record production to start the year, we are well positioned for another exceptional year in 2026."","length":388,"tagName":"p"},{"type":"text","content":"Operational Update","length":18,"tagName":"p"},{"type":"text","content":"Following the success of our 183-D4 well on our 100% owned Murucututu field, we are now focused on enhancing and expanding our capacity to deliver additional Murucututu production, positioning this asset for sustained multi-year growth. We plan to expand our Murucututu field production facility and pipelines to support an increase in our Murucututu field capacity from our current level of approximately 150 e3m3/d up to 600 e3m3/d. Simultaneously, we plan to enhance our gas processing capabilities at UPGN Caburé to accommodate higher proportions of richer gas from Murucututu, and also targeting an overall capacity of up to 600 e3m3/d.","length":641,"tagName":"p"},{"type":"text","content":"On the drilling and completions front, on our 100% owned Murucututu field, we have just recompleted our 183-1 well in a lower portion of the Gomo Formation and are working to bring the well back online. Upcoming plans on the field in 2026 involve drilling and completing a new well in the Caruaçu Formation, as well as permit...

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