CALGARY, Aug. 14, 2019 /CNW/ – Alvopetro Energy Ltd. (TSX-V: ALV; OTCQX: ALVOF) announces an operational update and our second quarter financial and operating results.
Block 57 Exploration Prospect (100% Alvopetro)
We have entered into an agreement to commence drilling our Block 57(A1) exploration prospect and the drilling rig is now mobilizing. The 57(A1) prospect is a multi-zone, pre-rift, oil exploration prospect targeting Agua Grande, Sergi and Boipeba formations. The well is estimated to be drilled to a total depth of 1,500 metres, and is scheduled to take 10 days to drill. We expect to have results … Continue Reading