Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) has logged potential natural gas pay at a new infill well on its Murucututu field in Brazil, the company said on Tuesday, as it also declared a quarterly dividend. Open-hole logs at the 183-D1 well, drilled to a total measured depth of 3,263 metres on Alvopetro's 100%-owned Murucututu natural gas field, indicated an aggregate 47.7 metres total vertical depth of potential natural gas pay across two formations.
Alvopetro logs potential gas pay at Murucututu infill well
Source: Proactive Investors