Alvopetro Announces August 2025 Sales Volumes

Executive Summary

• Alvopetro Energy Ltd. reported August 2025 sales volumes of 2,375 boepd, a slight decrease from July's 2,418 boepd and Q2's 2,436 boepd, driven primarily by stable production in Brazil offset by a decline in Canadian oil volumes.
• Significant operational activity occurred in Brazil's Murucututu field with the start of production from the 183-D4 well, which contributed substantially to the field's output and demonstrated strong initial flow rates.
• In Canada, the company added production from two new multi-lateral wells at Big Gully, with expectations for oil sales commencement in September, while overall Canadian volumes declined from previous months.

Key Details

• Total Company Sales Volumes (August 2025): 2,375 boepd.
• Brazil Operations:
  • Total sales volumes averaged 2,257 boepd.
  • Natural gas sales averaged 12.7 MMcfpd.
  • NGL sales averaged 132 bopd.
  • Oil sales averaged 9 bopd.
  • Murucututu Field: The 183-D4 well commenced production later in August.
    • From August 20 through September 3, the well produced at an average rate of 162 e3m3/d (5.7 MMcfpd, 954 boepd).
    • Recovered 5,482 barrels of completions fluid and 1,033 barrels of NGLs from condensate during this period.
    • As of the release date (Sept 4), the well is producing through a constant 36/64" choke at an average rate of 179 e3m3/d (6.3 MMcfpd, 1,052 boepd) with 1,015 psi flowing wellhead pressure.
    • Recent recovery included 151 barrels of condensate (total well production 1,203 boepd) and 117 barrels of completions fluid.
    • 10,322 of 15,806 barrels of completions fluid remain to be recovered.
    • The field is currently produced from this single well due to facility capacity limitations; the company is evaluating options to improve system capacity.
  • Caburé Field: Natural gas sales averaged 9,513 Mcfpd.
• Canada Operations:
  • Total sales volumes averaged 118 bopd (down from 134 bopd in July and 138 bopd in Q2).
  • Production recently added from two multi-lateral wells at Big Gully (1.0 net interest).
  • These wells were drilled with an aggregate of over 19 kilometers of open hole reservoir contact.
  • Oil sales from these new wells are expected to commence in September.
• Comparative Volumes:
  • Brazil Total (boepd): Aug 2025: 2,257 | July 2025: 2,284 | Q2 2025: 2,298.
  • Canada Oil (bopd): Aug 2025: 118 | July 2025: 134 | Q2 2025: 138.
  • Total Company (boepd): Aug 2025: 2,375 | July 2025: 2,418 | Q2 2025: 2,436.
• Strategic Context: Alvopetro is deploying a balanced capital allocation model, reinvesting roughly half of cash flows into organic growth (focusing on geologic prospectivity and fiscal regimes in Canada and Brazil) and returning the other half to stakeholders.

Notable Quotes

• "The large relative contribution of production from our 100% Murucututu field in August relates to the start of production from our 183-D4 well which commenced production later in August."
• "Given these extremely strong production results we are currently producing the Murucututu field from this single well as we are limited by our current facility capacity at Murucututu. As we continue to monitor these initial flow results, we will be evaluating options to improve production capacity of the system to allow for more production from the Murucututu field."