Alvopetro posts higher output, boosts reserves after “transformational” 2025

Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) said connected Wednesday it lifted accumulation and reserves successful 2025, buoyed by beardown show astatine its flagship Murucututu tract successful Brazil.

The Calgary-based lipid and state shaper reported mean regular income of 2,523 barrels of lipid equivalent per time (boepd) for 2025, up 41% from a twelvemonth earlier, portion proved positive probable (2P) reserves roseate 43% to 13.1 cardinal boe.

“2025 was a transformational twelvemonth for Alvopetro,” CEO Corey Ruttan said, citing the occurrence of the company’s 183-D4 good astatine Murucututu. Ruttan added the institution is “well positioned for different exceptional twelvemonth successful 2026” pursuing grounds accumulation aboriginal successful the year.

Alvopetro said it is present focused connected expanding infrastructure astatine Murucututu, targeting an summation successful accumulation capableness to 600,000 cubic metres per time from astir 150,000 currently. The institution besides plans to heighten state processing capableness astatine its Caburé installation to enactment higher volumes.

Fourth-quarter accumulation roseate to 2,867 boepd, up 65% from a twelvemonth earlier, driven chiefly by Brazil, wherever output averaged 2,719 boepd. Revenue for the 4th climbed 54% to $15.8 million, reflecting higher income volumes contempt weaker realized prices.

Net income for the 4th accrued to $5.6 cardinal from $2.3 cardinal a twelvemonth earlier, portion funds travel from operations roseate to $10.6 million.

For the afloat year, Alvopetro reported nett income of $23.1 million, up 42% from 2024, and funds travel from operations of $40.6 million. Capital expenditures totaled $33.5 million.

The company’s reserve maturation was underpinned by the Murucututu development, with proved reserves rising 79% to 8.1 cardinal boe and a accumulation replacement ratio of 485%. The associated nett contiguous worth of 2P reserves accrued 20% to $393.6 million.

Alvopetro said it plans further drilling successful 2026, including a caller good targeting the Caruaçu enactment astatine Murucututu, with drilling expected to statesman adjacent month. At its Caburé project, the institution intends to sidetrack an unfinished good from 2025.

In Canada, the institution said it has drilled further wells and expanded its onshore presumption successful Saskatchewan, targeting dense lipid opportunities successful the Mannville formation.

Alvopetro besides declared a quarterly dividend of $0.12 per share.