Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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Alvopetro Energy CEO on record October sales volumes, Q3 performance and outlook
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Manage episode 518027046 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF) CEO Corey Ruttan talked with Proactive about the company’s third-quarter production results, new well performance, and expansion plans across Brazil and Canada. Ruttan highlighted that the company achieved an average production of 2,343 barrels of oil equivalent per day. October marked a record high of over 2,900 barrels of oil equivalent per day, driven by strong output from the 183-D4 well at the Murucututu project in Brazil. Ruttan explained that the 183-D4 well, drilled higher on the structure, produced nearly 1,100 barrels of oil equivalent per day over its first 30 days, almost double pre-drill expectations. He said: "We completed the well using some leading-edge North American completion technologies that were brought to bear for the first time ever in Brazil." This success supported an amendment to Alvopetro’s long-term gas sales agreement with Bahiagas, increasing delivery obligations and driving strong financial performance. The company continues to benefit from high realized natural gas prices, exceeding US$11 per MCF in Q3. Ruttan also spoke about Alvopetro’s strategic entry into Canada’s Mannville Stack heavy oil play. He said the move complements the Brazilian operations, offering a low-cost, scalable development opportunity with over 74 square miles of prospective land and multi-lateral drilling potential. Discussing capital allocation, Ruttan confirmed that Alvopetro aims to maintain a 50/50 balance between shareholder returns and reinvestment, with dividends supported by strong cash flow. For more insightful energy sector updates and company interviews, head over to Proactive's YouTube channel. Don’t forget to like this video, subscribe, and turn on notifications for the latest content. #AlvopetroEnergy #OilAndGas #BrazilEnergy #NaturalGas #EnergyStocks #CanadianOil #OilExploration #GasProduction #Q3Results #EnergyInvestment #CoreyRuttan #ProactiveInvestors
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623 episodes
MP3•Episode home
Manage episode 518027046 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF) CEO Corey Ruttan talked with Proactive about the company’s third-quarter production results, new well performance, and expansion plans across Brazil and Canada. Ruttan highlighted that the company achieved an average production of 2,343 barrels of oil equivalent per day. October marked a record high of over 2,900 barrels of oil equivalent per day, driven by strong output from the 183-D4 well at the Murucututu project in Brazil. Ruttan explained that the 183-D4 well, drilled higher on the structure, produced nearly 1,100 barrels of oil equivalent per day over its first 30 days, almost double pre-drill expectations. He said: "We completed the well using some leading-edge North American completion technologies that were brought to bear for the first time ever in Brazil." This success supported an amendment to Alvopetro’s long-term gas sales agreement with Bahiagas, increasing delivery obligations and driving strong financial performance. The company continues to benefit from high realized natural gas prices, exceeding US$11 per MCF in Q3. Ruttan also spoke about Alvopetro’s strategic entry into Canada’s Mannville Stack heavy oil play. He said the move complements the Brazilian operations, offering a low-cost, scalable development opportunity with over 74 square miles of prospective land and multi-lateral drilling potential. Discussing capital allocation, Ruttan confirmed that Alvopetro aims to maintain a 50/50 balance between shareholder returns and reinvestment, with dividends supported by strong cash flow. For more insightful energy sector updates and company interviews, head over to Proactive's YouTube channel. Don’t forget to like this video, subscribe, and turn on notifications for the latest content. #AlvopetroEnergy #OilAndGas #BrazilEnergy #NaturalGas #EnergyStocks #CanadianOil #OilExploration #GasProduction #Q3Results #EnergyInvestment #CoreyRuttan #ProactiveInvestors
…
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623 episodes
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