|Bid||0.5600 x 0|
|Ask||0.6100 x 0|
|Day's Range||0.5700 - 0.6000|
|52 Week Range||0.2500 - 0.6000|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 13, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.80|
OTCQX: ALVOF) announces an operational update and our first quarter financial and operating results. On May 10, 2019, we received the environmental installation permits required to commence the construction of our strategic midstream infrastructure (100% Alvopetro) which underpins the commercialization of our Caburé natural gas field (49.1% Alvopetro). This infrastructure includes an 11-kilometre transfer pipeline and the construction of a gas treatment facility (the "Facility"). All pipe for the transfer pipeline has already been shipped to the field staging area. Our Facility is being constructed by Enerflex Ltd. whereby they will construct, own and operate the Facility. Enerflex is responsible for all operations and maintenance of the Facility, and is warrantying the delivery schedule and on-stream performance of the Facility.
Initial equipment for the Facility has been assembled, tested, and is ready for shipment to Brazil. Alvopetro expects to start natural gas deliveries from the Caburé field in early 2020. Our natural gas is being sold under our long-term gas sales agreement with Bahiagas, the local distribution company for the state of Bahia. Corey Ruttan, President & CEO, stated "This is a very important development for Alvopetro, and the state of Bahia.
CALGARY , March 21, 2019 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV; OTCQX: ALVOF) announces our year-end 2018 financial results, the filing of our annual information form and an operational update. December ...
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CALGARY , March 7, 2019 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV; OTCQX: ALVOF) announces our reserves as at December 31, 2018 with total proved plus probable ("2P") reserves of 6.1 MMboe and ...
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OTCQX: ALVOF) announces that our common shares are now trading on the OTCQX® Best Market, a U.S. market operated by OTC Markets Group (OTCQX:OTCM - News), under the symbol "ALVOF". Alvopetro shares will continue to trade on the TSX Venture Exchange under the symbol "ALV". United States investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
CALGARY, Nov. 26, 2018 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV.V - News) has awarded the contract for the construction of our 11-kilometre transfer pipeline. Alvopetro has also retained the services of Renmark Financial Communications Inc. ("Renmark") to assist with investor relations activities. Alvopetro has contracted Tecmaster Engenharia e Construções Ltda ("Tecmaster") to construct our 11-kilometre transfer pipeline from the Caburé unit to our Gas Treatment Facility being constructed by Enerflex Ltd. Tecmaster is a local construction company with over 15 years of on-shore pipeline construction experience in Brazil. Alvopetro has also ordered all the required pipe for the project, and the total pipeline project is budgeted to cost US$3.5 million.
CALGARY , Nov. 14, 2018 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) announces an operational update and our third quarter financial and operating results. Operational Update We continue to focus our efforts ...
CALGARY, Oct. 16, 2018 /CNW/ - Alvopetro Energy Ltd. ("Alvopetro" or the "Company") (TSX-V:ALV.V - News) announces that it has completed a private placement (the "Private Placement") for aggregate gross proceeds of US$4,026,400 (CAD$5,176,800). The Company intends to use the net proceeds from the Private Placement to advance its Caburé natural gas project in Bahia State in Brazil as well as for ongoing general corporate purposes. The Private Placement includes three insiders of the Company subscribing for a total of 215,000 Units for aggregate subscription proceeds of CAD$387,000.
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CALGARY , Aug. 15, 2018 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) announces an operational update and our second quarter financial and operating results. Operational Update Over the past four months we ...
CALGARY , June 6, 2018 /CNW/ - Alvopetro Energy Ltd. (TSX-V:ALV) announces the completion of an independent reserves evaluation of our Caburé natural gas field and the Gomo gas discovered from our 183(1) ...