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Alvopetro Boosts Canadian Mannville Drilling Inventory 75% With Earn-In Acreage

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Sig2.45Sen+2.80Env-3.25Soc+0.10Gov+0.20

Alvopetro Energy acquires additional Mannville acreage in Canada, adding 14 net sections and increasing its drilling inventory by about 75%. The earn-in deal gives the company a 75% working interest before payout, then 50%, plus a 50% stake in nearby undeveloped land. A C$8.5 million drilling program is set for Q4 with five earning wells targeting new core areas and validating multilateral and recirculation-equipped horizontal drilling.

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