Proactive - Interviews for investors

Alvopetro Energy reports strong October sales and increased production at Murucututu Field

Episode Summary

Alvopetro Energy CEO Corey Ruttan joined Steve Darling from Proactive to share key operational and financial updates with Proactive, showcasing strong October sales volumes and strategic developments at the company's Murucututu field in Brazil. October 2024 sales averaged 1,912 barrels of oil equivalent per day (boepd), driven by natural gas sales of 10.7 million cubic feet per day (MMcfpd), associated natural gas liquids from condensate at 108 barrels per day (bopd), and oil sales of 14 bopd. Alvopetro generated $9.9 million in funds from operations for Q3 2024, an increase of $0.3 million over Q3 2023. In Q3, Alvopetro completed the recompletion of the 183-A3 well, which started producing in September, boosting natural gas sales from Murucututu by 187% over Q3 2024. This success paves the way for a follow-up drilling location up-dip from 183-A3, planned to commence later this year. Additionally, Alvopetro is gearing up for an optimization project on the 183-B1 well, initially drilled in 2022, to further enhance production in the fourth quarter. #proactiveinvestors #alvopetroenergyltd #tsxv #alv #otcqx #alvof #OilAndGas #BrazilNaturalGas #EnergyProduction #CEOInterview #Q32024 #ProactiveInvestors #GasPlantCapacity #OrganicGrowth #EnergyStocks #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews