05:32 PM EDT, 10/07/2025 (MT Newswires) -- Alvopetro Energy ( ALVOF ) provided its production and operational updates for September 2025 on Tuesday, disclosing sales volumes, a natural gas price reset, divestitures of non-core Brazilian assets, and expanded ambitions in Western Canada.

September sales averaged 2,231 barrels of oil equivalent per day, including 2,069 from Brazil and 162 barrels per day from Canadian operations. In Brazil, output was boosted by the Murucututu 183-D4 well, which began producing in late August and averaged about 1,071 boepd over its first 30 days. The company stated that gas deliveries declined in September due to lower demand from Bahiagas, but have since rebounded by more than 50% in early October.

Starting November 1, Alvopetro's long-term gas price will reset to BRL 1.81 per cubic meter, or approximately $10.27 per Mcf after taxes, representing a decrease of about 3% from the second quarter. The company also agreed to sell its Bom Lugar and Mae da Lua fields in Brazil for up to US$600,000, with the buyer assuming abandonment liabilities.

In Canada, Alvopetro expanded its footprint in the Mannville Stack heavy oil play in Saskatchewan, acquiring rights to approximately 15,010 net acres and planning to drill two new wells.

Shares of Alvopetro Energy ( ALVOF ) closed up by $0.06 to $6.90 on the TSX Venture Exchange.