Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF) reported higher sales volumes in June, reaching an estimated 2,514 barrels of oil equivalent per day (boepd), up from 2,334 boepd in May.
The month-over-month increase was driven by stronger natural gas production from its Brazilian assets, particularly the Murucututu field.
Based on field estimates, natural gas sales totaled 13.2 million cubic feet per day (MMcfpd) in June, up from 12.3 MMcfpd the previous month.
Production at Murucututu jumped to 1.7 MMcfpd from 1.3 MMcfpd in May, while Caburé increased to 11.6 MMcfpd from about 11 MMcfpd a month earlier.
Natural gas liquids (NGLs) sales climbed to 147 barrels per day (bopd), up from 111 bopd in May.
June’s production lift brings Alvopetro’s Q2 average sales volumes to 2,436 boepd, slightly below the 2,446 boepd reported in Q1.