Alvopetro Announces 2025 Year End Reserves Including a 79% Increase in 1P Reserves, 2P Production Replacement Ratio of 530% and 2026 Capital Plan
Executive Summary
- Alvopetro reports a 79% increase in proved (1P) reserves to 8.1 MMboe and a 43% rise in proved‑plus‑probable (2P) reserves to 13.1 MMboe versus year‑end 2024.
- Before‑tax NPV10 of 1P reserves jumps 38% to $245.6 M; NPV10 of 2P reserves rises 20% to $393.6 M.
- The company outlines a 2026 capital plan of $21 M for Brazil (facility expansion, well recompletions/drilling) and $2 M for Canadian heavy‑oil development, targeting production growth and a 530% 2P production replacement ratio.
Key Details
- Reserves (as of Dec 31 2025)
- 1P: 8.1 MMboe (+79%) – NPV10 $245.6 M (+38%).
- 2P: 13.1 MMboe (+43%) – NPV10 $393.6 M (+20%).
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2P reserve life index: 12.5 years; production replacement ratio: 530%.
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Resource Estimates
- Contingent resources: 3.8 MMboe (NPV10 $88.0 M).
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Prospective resources: 12.1 MMboe (NPV10 $264.3 M).
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Key Asset Highlights
- Brazil – 100% interest in Murucututu gas field; 56.2% working interest in Caburé unitized area; oil fields (Bom Lugar, Mãe‑da‑lua) slated for sale pending regulatory approval.
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Canada – 50% interest in 23,539 net acres on the Mannville heavy‑oil play; 8 wells now producing (4.0 net).
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2026 Capital Plan
- Brazil: $21 M to expand Murucututu production facility and pipeline capacity from ~150 e³m³/d to 600 e³m³/d, upgrade Caburé processing, drill/completion of one new well (Caruaçu) and recomplete one Gomo well.
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Canada: C$2 M for two additional wells (1 net) completed in Jan 2026; further drilling coordinated with partner to target >100 Tier‑1 wells over the longer term.
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Financial Outlook
- Expected Q4 2025 production: 2,867 boepd; January 2026 production: 3,099 boepd.
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Anticipated 2025 results to be released March 17‑18 2026 (webcast).
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Forward‑Looking Statements – Company highlights risks related to arbitration over Caburé working‑interest redetermination, regulatory approvals, commodity price volatility, and execution of the capital plan.
Notable Quotes
“Our 2025 year end reserves reflect another strong year for Alvopetro… we significantly strengthened our asset base in 2025, increasing 2P reserves by 43%, replacing 2025 production more than 5 times…” – Corey C. Ruttan, President & CEO.