Alvopetro posts record January sales volumes, lifts Brazil gas price

Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) said its January income volumes roseate 8% from the fourth-quarter mean to a grounds high, supported by stronger output successful Brazil and higher lipid income successful Canada.

The Canada-based vigor shaper reported January income of 3,099 barrels of lipid equivalent per time (boepd), up from an mean of 2,867 boepd successful the 4th fourth of 2025, based connected tract estimates.

Sales successful Brazil averaged 2,908 boepd during the month, driven chiefly by earthy state production. Natural state income totaled 16.3 cardinal cubic feet per time (MMcfpd), including 11.6 MMcfpd from the Caburé tract and 4.7 MMcfpd from Murucututu.

Associated earthy state liquids income averaged 175 barrels per day, portion lipid income successful Brazil totaled 15 barrels per day. The institution noted that Brazilian lipid volumes subordinate to the Bom Lugar and Mãe da Lua fields, which it has agreed to dispose of, taxable to regulatory approvals including authorization from Brazil’s lipid regulator ANP.

In Canada, Alvopetro said its 5th good was brought online successful January, lifting mean lipid income to 191 barrels per day, compared with 148 barrels per time successful the 4th quarter.

Separately, Alvopetro said its semipermanent earthy state income terms successful Brazil was adjusted higher opening February 2026. The contracted terms accrued 2% to 1.85 Brazilian reais per cubic metre, from 1.81 reais previously.

The adjusted terms applies to steadfast state income of up to 400,000 cubic metres per time done April 30, 2026. Based connected existent vigor contented and speech rates, the institution expects to recognize astir $10.69 per 1000 cubic feet, nett of income taxes.

Natural state income supra the steadfast contracted measurement are being sold connected a flexible ground astatine discounted prices, the institution said.