05:18 PM EDT, 10/07/2024 (MT Newswires) -- Alvopetro Energy ( ALVOF ) after trade Monday detailed its September 2024 sales volumes and offered an operational update.

September sales volumes averaged 1,963 barrels of oil equivalent per day, including natural gas sales of 11.2 million cubic feet per day, associated natural gas liquids sales from condensate of 87 bpd and oil sales of 9 bpd, based on field estimates.

Its third-quarter sales averaged 2,106 boepd, a 29% increase compared to 1,629 boepd in Q2 2024.

In September, the company finished the initial completion of its 183-A3 well. For the last 72 hours of continuous production, the well produced at an average rate of 2.1 MMcfpd of natural gas, 175 barrels of completion fluid per day and 50 barrels of condensate per day.

"We saw increased production levels through the third quarter, and we are very excited about strong early production results from our 183-A3 completion," said chief executive Corey Ruttan. "We look forward to continued production from the well and based on these early results we expect to be drilling follow up locations starting later this year."