Alvopetro boosts Brazil gas sales volumes with expanded Bahiagás deal

Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) said connected Wednesday it has secured further steadfast earthy state income for 2026 and 2027 nether an amended semipermanent statement with Bahiagás, expanding contracted volumes and supporting higher expected production.

The Calgary-based institution said the revised woody raises steadfast state income by 25% to 500 1000 cubic metres per day, with an further 100 1000 cubic metres per time to beryllium supplied betwixt January 2026 and December 2027. The incremental volumes volition beryllium priced astatine 10.5% of mean Brent crude lipid prices successful the preceding quarter.

Alvopetro said the expanded statement builds connected existing pricing terms, including a antecedently announced accommodation that lifted its basal state terms to 1.85 Brazilian reais per cubic metre from February done April 2026.

The institution expects a weighted mean realized state terms of astir $10.09 per 1000 cubic feet for the February-to-April period, rising to $10.68 for May done July and further to $12.87 for August done October, based connected benchmark forecasts and existent speech rates.

At the higher contracted volumes, Alvopetro said it anticipates mean 2026 income volumes successful Brazil of astir 2,900 barrels of lipid equivalent per day, up astir 20% from 2025 levels, supported by some earthy state and associated condensate output.

The institution besides reported grounds accumulation successful the archetypal 4th of 2026, with income volumes averaging 3,124 boepd, a 24% summation from 2025. March output reached 3,209 boepd, including 17 cardinal cubic feet per time of earthy state successful Brazil, alongside condensate and humble lipid production.

Operationally, Alvopetro said it precocious completed stimulation enactment connected a little interval of its 183-1 good but encountered debased reservoir inflow, and the good is presently unopen successful portion remedial options are assessed.

The institution added it is mobilizing a drilling rig to statesman enactment connected its 183-D1 Caruaçu improvement good aboriginal this month, arsenic it continues to beforehand its Brazilian plus base.