Alvopetro Energy (TSE:ALV) has released an update.
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Alvopetro Energy Ltd. reports a strong second quarter in 2024 with a notable 49% increase in production and an operating netback of $64.30 per boe. The company intends to enhance shareholder value by launching a share buyback program, complementing the $43.8 million already returned through dividends. Operational updates indicate a busy second half of the year with expectations to maintain consistent sales from July into August.
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