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Alvopetro Encounters Gas Pay in Block 197 Test

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Alvopetro Encounters Gas Pay in Block 197 Test

Alvopetro Energy Ltd. has announced results from the first interval tested in our 197(2) well.

In December 2014, our 197(2) well located on Block 197 in the Recôncavo basin in the State of Bahia, Brazil, reached a total depth of 1,669 metres, discovered natural gas, and was cased and cemented. Based on logs, the 197(2) well encountered 78 metres of continuous potential net natural gas pay, with an average 33% water saturation and an average porosity of 12%, using an 8% porosity cut-off. Given the geological potential displayed on logs, our initial plan is to separately test the productivity of three intervals.

We have perforated and completed the deepest sandstone interval, at 1,460 - 1,469 metres, which was chosen to test the fluid and reservoir pressure at the lowest point of the…

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