Brief: Alvopetro Announces May 2021 Sales Volumes, Improved 2021 EBITDA Guidance, An Operational Update And Additional Early Debt Repayment

Alvopetro Energy

03/06/2021 12:40

June 3 (Reuters) - Alvopetro Energy Ltd  ALV.V :
    * ALVOPETRO ANNOUNCES MAY 2021 SALES VOLUMES, IMPROVED 2021
EBITDA
GUIDANCE, AN OPERATIONAL UPDATE AND ADDITIONAL EARLY DEBT
REPAYMENT
    * ALVOPETRO ENERGY LTD - MAY SALES VOLUMES AVERAGED 2,353
BOEPD
BASED ON FIELD ESTIMATES
    * ALVOPETRO ENERGY LTD - MAY SALES INCREASED 2% FROM OUR
AVERAGE
APRIL SALES VOLUMES OF 2,313 BOEPD
    * ALVOPETRO ENERGY LTD - EXPECT SALES VOLUMES TO CONTINUE AT
RATES
BETWEEN 1,850 BOEPD AND 2,300 BOEPD FOR REMAINDER OF 2021
    * ALVOPETRO ENERGY LTD - NOW EXPECT TO GENERATE EBITDA OF
OVER $20
MILLION FOR 2021, UP 18% FROM ORIGINAL GUIDANCE
    * ALVOPETRO ENERGY LTD - WILL PROCEED WITH SECOND EARLY
REPAYMENT
OF OUTSTANDING CREDIT FACILITY, REPAYING AN ADDITIONAL $3.5
MILLION ON JUNE 4, 2021

Source text for Eikon:  ID:nCNWsnZMla 
Further company coverage:  ALV.V 

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