05:19 PM EDT, 09/09/2024 (MT Newswires) -- Alvopetro Energy ( ALVOF ) on Monday released August 2024 sales volumes and provided an operational update for its Brazil oil and gas assets.

August sales volumes averaged 1,919 barrels of oil equivalent per day including natural gas sales of 11.0 million cubic feet per day (MMcfpd), associated natural gas liquids sales from condensate of 79 bpd and oil sales of 9 bpd, based on field estimates.

August natural gas sales were impacted by temporary demand disruptions experienced by Bahiagas clients.

Natural gas deliveries to-date in September have averaged 10.8 MMcfpd.

The company finished the recompletion of their 183-1 well in an uphole Caruacu zone and are now re-configuring tubing to bring the well online through its Murucututu production facility this month. In parallel, Alvopetro finished the recompletion of its 183-A3 well and also expect to have production results from this well this month.

Alvopetro shares closed up $0.02 to $5.10 on the TSX Venture Exchange.