Alvopetro Announces Record Monthly Sales Volumes for January 2026 & Quarterly Natural Gas Price Update

Executive Summary

• Alvopetro reported a record January 2026 sales volume of 3,099 boepd, an 8% increase over Q4 2025 and the highest monthly total to date.
• The company raised its contracted natural‑gas price under the long‑term sales agreement to BRL 1.85/m³ (≈ $10.69/Mcf), a 2% uplift effective February 1 – April 30 2026.
• Canadian operations added a fifth well in January, boosting oil production to 191 bopd.

Key Details

• January 2026 Total Sales: 3,099 boepd (based on field estimates).
• Brazilian Sales Breakdown – January 2026:
• Natural gas (Mcfpd): Caburé 11,605; Murucututu 4,698; Total 16,303 (up from 14,902 in Dec 2025).
• NGLs: 175 bopd (down slightly from 183 bopd in Dec 2025).
• Oil: 15 bopd (down from 21 bopd in Dec 2025).
• Total Brazil boepd: 2,908 (up from 2,687 in Dec 2025).
• Canadian Sales Breakdown – January 2026:
• Oil production: 191 bopd (up from 139 bopd in Dec 2025).
• Quarterly Natural Gas Pricing Update – Effective Feb 1 2026:
• Contracted price increased to BRL 1.85/m³ (+2% vs. BRL 1.81/m³).
• Applies to firm gas sales up to 400,000 m³/d (≈ 14.1 MMcfpd) through Apr 30 2026.
• Expected realized price: $10.69/Mcf (net of taxes), based on Jan 30 2026 BRL/USD 5.23 and average heat content.
• Volumes above the firm cap are sold flexibly at discounts to the contracted price.
• Operational Note: Fifth Canadian well placed online in January, contributing to higher oil sales.
• Corporate Strategy Mentioned: Balanced capital allocation – reinvest ~50% of cash flow into organic growth and return ~50% to stakeholders; focus on Caburé and Murucututu fields and related mid‑stream infrastructure.

Notable Quotes

(No direct quotes were included in the release.)