Alvopetro Energy Ltd. (ALV) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us for our Q1 twenty twenty six earnings presentation. I'm Corey Rutan, President and CEO. I'm joined by Alison Howard, our Chief Financial Officer and Adrian Adet, our Vice President, Asset Management. Good morning, everyone. Just a few administrative points before we jump into our presentation. We will be recording today's call, and we will have a replay available on our website later on today. All attendees have been placed in listen in only mode for the duration of the presentation. We will have a Q and A session at the end of our presentation, and you can start logging any questions that you have using the Zoom Q and A button that you should see on your screen. If you've dialed in by phone, you can also send any questions to socialmedia@algopetro.com. Lastly, we will be going through various non GAAP measures and making forward looking statements throughout this presentation, so we do encourage you to read through all of the disclosures and cautionary statements that we have both in our corporate presentation on our website as well as in our MD and A that is also on our website. Great. Thank you, Allison. So if you recall, at the beginning of twenty twenty five, we did upgrade our gas sales agreement. And then when you combine that with some of the strength that we demonstrated on our Merca particularly with the 183D-four well, we were able to deliver some pretty strong results in 2025. Our production was up 41% year over year, And we exited the year with a record quarter of 2,867 barrels of oil equivalent per day in the fourth quarter. And we're pleased to say that we had an even higher record quarter in Q1 of this year that we just announced along with the financial results here of over 3,100 barrels of oil equivalent pe...