Alvopetro Energy CEO Corey Ruttan joined Steve Darling from Proactive to provide a comprehensive operational update, highlighting solid April production and Q1 results, thanks to the ongoing development progress in Brazil, and improving natural gas pricing under the company’s long-term sales agreement. Alvopetro reported April sales volumes of 3,133 barrels of oil equivalent per day (boepd), driven primarily by its Brazilian operations. Production in Brazil averaged 2,953 boepd, including natural gas output of 16.7 million cubic feet per day, as well as 155 barrels per day of natural gas liquids from condensate and a modest 9 barrels per day of oil. Canadian assets contributed an additional 180 barrels per day of oil production during the month. Operationally, the company continues to advance development at its Murucututu Field, where drilling of the 183-D1 well has now commenced. This well follows the success of the 183-D4 well and is targeting the Caruaçu Formation, a key reservoir for future growth. Alvopetro has secured all required environmental permits for the program and has also initiated construction of the 183-G drilling pad, which will support ongoing and future development drilling, particularly targeting updip potential in the Caruaçu trend. In Canada, Alvopetro has also been active, completing the drilling of two additional wells during the quarter. The company now has seven producing wells in the country, delivering average output of approximately 193 barrels of oil per day, further contributing to its diversified production base. On the commercial front, Alvopetro is benefiting from favorable pricing adjustments under its long-term gas sales agreement. Based on current operating metrics and an exchange rate of 5.00 BRL to USD as of April 30, 2026, the company expects a weighted average realized natural gas price of approximately $11.31 per Mcf for the May through July period. Looking further ahead, forecast pricing based on forward Brent crude and Henry Hub benchmarks suggests an increase to approximately $13.06 per Mcf for the August through October 2026 period. Ruttan noted that while realized prices will ultimately depend on currency fluctuations and commodity benchmarks, the current pricing trajectory provides strong support for cash flow generation. Combined with ongoing drilling success and infrastructure expansion in Brazil, Alvopetro remains well positioned to continue executing its growth strategy and enhancing shareholder value. #proactiveinvestors #alvopetroenergyltd #tsxv #alv #otcqx #alvof #OilAndGas #BrazilNaturalGas #EnergyProduction #ReservesUpdate #NaturalGas #BrazilEnergy #OilAndGas #ProductionUpdate #DrillingProgram #EnergyMarkets #Boepd #NaturalGasLiquids #EnergyDevelopment #Infrastructure #CommodityPrices #CashFlow #Upstream #EnergyGrowth