Key Highlights
- Alvopetro Energy completed drilling the 183-G2 natural gas well at Murucututu in Brazil.
- The company reported third-quarter revenue of US$19.3 million and net income of US$8.5 million.
- Alvopetro expects Murucututu facility upgrades and a 183-G2 tie-in to finish in early 2027.
- Alvopetro was awarded four Brazil blocks, with BRL 8.3 million minimum work commitments.
Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) released a combined operational update and financial report that included initial results from its 183-G2 well at the Murucututu natural gas field in Brazil, along with results for the three and nine months ended September 30, 2026.
The company reported third-quarter natural gas, oil and condensate sales of US$19.3 million, funds flow from operations of US$14.3 million, and net income of US$8.5 million. Average daily sales volumes in the quarter were 2,966 barrels of oil equivalent per day, and Alvopetro reported a realized natural gas price of US$11.49 per thousand cubic feet.
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Murucututu drilling and facility expansion
Alvopetro said it has completed drilling the 183-G2 well on its 100%-owned Murucututu natural gas field. The well was drilled to a total measured depth of 3,189.8 metres.
Based on open-hole logs, Alvopetro said the well encountered 96.9 metres total vertical depth of potential natural gas pay in the Carua