Alvopetro Energy eyes growth with expanded gas sales agreements – ICYMI [Video]

Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF) CEO Corey Ruttan talked with Proactive about the company’s 2024 performance and strategic goals.

Ruttan detailed the company’s November production numbers, which reflected seasonal maintenance by both Alvopetro and its gas consumers. This led to a temporary dip, but December’s production rebounded significantly, increasing by 43%.

Proactive: Let’s start with November. You’ve updated your sales numbers. There were some interesting numbers in there.

Corey Ruttan: Yes, we announce our production monthly. November was a bit lower. In the state where we produce gas, November is typically a time for facility maintenance and turnarounds by consumers. We took advantage of that to complete maintenance on all of our facilities.

We also announced December production numbers to date, which are up about 43% over November. I think we’re ending the year quite nicely.

You’ve also announced a Q4 dividend, something the company has done in the past.

Yes, we’ve maintained a consistent quarterly dividend this year, …