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Alvopetro Announces Drilling, Capital Plan for 2016
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Alvopetro Energy Ltd. reported its 2016 capital plan, fourth quarter 2015 and year-end 2015 financial results and the filing of our annual information form.
2016 Capital PlanIn 2016, we are primarily focused on building a natural gas business from our 197(2) discovery by securing a gas sales contract and finalizing the field commercialization plan. Concurrently, we continue our disciplined capital program in light of low commodity prices, focusing on high potential exploration prospects without impairing our ability to grow when commodity prices recover.
In the coming months, we plan to drill our 256(A1) well, which is a multi-zone prospect located on Block 256 and our largest natural gas exploration prospect to-date. Block 256 is located near existing State gas transmission…
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