Alvopetro Energy highlights growth across Brazilian and Canadian assets in 2025 - ICYMI

Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) CEO Corey Ruttan talked with Proactive astir the company’s beardown 2025 show and ambitious maturation plans for 2026, highlighting large reserve increases, accumulation maturation and dividend returns to shareholders.

Proactive: Alright invited backmost wrong our Proactive newsroom, and joining maine present is Corey Ruttan, CEO of Alvopetro Energy Ltd. Corey it's large to spot you again. How are you?

Corey Ruttan: I'm precise good convey you.

The institution is retired with its basal numbers for 2025 and looking up to 2026. One fig that truly jumps disconnected the leafage is 79% reserve expansion. That’s a important milestone. What went good past year?

We had a truly beardown year. Last twelvemonth truly was a breakout twelvemonth for Alvopetro. We were capable to importantly summation our productive capableness disconnected the spot of results from our 100% owned Murucututu task successful northeast Brazil, mostly from the occurrence of the 183-D4 good that we brought connected accumulation successful August.

Average accumulation successful 2025 was up 41% twelvemonth implicit twelvemonth to implicit 2,500 barrels of lipid equivalent per day. We exited 2025 with a grounds 4th astatine astir 2,900 barrels of lipid equivalent per day. To commencement 2026, we posted different grounds period successful January astatine 3,100 barrels of lipid equivalent per time — up 8% from Q4 and 23% supra the 2025 average.

You run successful Brazil and Canada. Let’s commencement with Brazil. What are the plans determination for 2026?

We announced our year-end reserves, which reflected the successes of 2025. Despite producing astir 1 cardinal barrels of lipid equivalent past year, 1P reserves accrued 79% to implicit 8 cardinal barrels of lipid equivalent, representing a 485% accumulation replacement ratio.

2P reserves accrued 43% to implicit 13 cardinal barrels of lipid equivalent, representing a 530% accumulation replacement ratio. On a 1P basis, nett contiguous worth accrued 38%, and connected a 2P ground it accrued 20% to astir $400 million.

For 2026, the superior program focuses connected Brazil and Canada. In Brazil, the institution is expanding tract accumulation facilities and pipeline takeaway capableness astatine Murucututu to accommodate increasing production. Once those projects are completed, the institution plans to ramp up improvement drilling and unlock further value.

And what astir Canada?

The institution added a Canadian maturation level past year. It has drilled 8 wells connected a gross basis, 4 nett wells, utilizing unfastened spread multilateral drilling technology. All wells are present connected production.

The institution has earned an involvement successful 75 sections of prospective onshore and sees implicit 100 tier-one drilling locations, positioning it for aboriginal growth.