Homerun Resources Inc. Executes Binding Term Sheet with Institutional Investor for $6 Million Financing

“Could gross sales included the primary full month of manufacturing from our first two wells drilled in Western Canada averaging 346 bopd gross (173 bopd internet), exceeding our pre-farmin expectations and we’re trying ahead to drilling our subsequent two wells right here beginning this summer time. We’re additionally inspired by our 183-D4 outcomes and count on to have this effectively on manufacturing in Q3 to gasoline continued manufacturing development in Brazil .”

Could Gross sales Volumes

Could gross sales volumes in Brazil averaged 2,161 boepd, together with pure gasoline gross sales of 12.3 MMcfpd and related pure gasoline liquids gross sales from condensate of 111 bopd, based mostly on discipline estimates. Gross sales volumes decreased 9% in comparison with April because of turnarounds at each Alvopetro services and Bahiagás finish consumer crops, which impacted demand within the month. In Canada , with a full month of manufacturing in Could, Alvopetro’s internet 50% share of oil gross sales volumes elevated to 173 bopd, bringing the Firm’s whole gross sales to 2,334 boepd, based mostly on discipline estimates.

Operational Replace

183-D4 Nicely Outcomes

Now we have now accomplished the sidetrack and drilling of our 183-D4 effectively on our 100% Murucututu pure gasoline discipline. The effectively was drilled to a complete measured depth of three,072 metres and has been cased and cemented. The effectively encountered the Caruaçu Member of the Maracangalha Formation 106 metres structurally updip of our 183-A3 success.

Primarily based on cased-hole gamma ray logs and normalized gasoline whereas drilling, the effectively encountered potential pure gasoline pay within the Caruaçu Member of the Maracangalha Formation, with an mixture 61 metres of potential pure gasoline pay between 2,439 and a couple of,838 meters TVD.

Primarily based on these drilling outcomes, we plan to finish the effectively in as much as 5 intervals and count on the effectively to be on manufacturing to the sphere manufacturing facility within the third quarter.

Caburé Unit Growth Drilling Program

Our deliberate Caburé Unit growth drilling program has commenced. The primary effectively has now been spud and we count on to have 4 wells drilled by the top of the third quarter.

Western Canadian Capital Plan

In Western Canada , effectively pad building for our subsequent two wells has commenced and we count on the wells to be drilled within the third quarter.

Annual Normal Assembly

Alvopetro’s annual common and particular assembly (the “Assembly”) can be held on Wednesday, June 18, 2025 on the places of work of Torys LLP (Suite 4600, 525 8 ^th SW, Calgary, Alberta ) starting at 9:30 a.m. Mountain time. The administration info round and all associated supplies can be found on our web site and www.sedarplus.ca .

All events are invited to attend the Assembly. We will even be broadcasting the assembly through dwell webcast for the curiosity of all shareholders. Please be suggested that shareholders won’t be able to vote any shares by way of this webcast format. Particulars for becoming a member of the occasion are as follows:

DATE: June 18, 2025
TIME : 9:30 AM Mountain/ 11:30 AM Japanese
LINK: https://us06web.zoom.us/j/89512204386
DIAL-IN NUMBERS: https://us06web.zoom.us/u/kenh5nLlte
WEBINAR ID   : 895 1220 4386

Company Presentation

Alvopetro’s up to date company presentation is offered on our web site at:
http://www.alvopetro.com/corporate-presentation .

Social   Media

Observe Alvopetro on our social media channels on the following hyperlinks:

Twitter – https://twitter.com/AlvopetroEnergy
Instagram – https://www.instagram.com/alvopetro/
LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

Alvopetro Vitality Ltd. is deploying a balanced capital allocation mannequin the place we search to reinvest roughly half our money flows into natural development alternatives and return the opposite half to stakeholders. Alvopetro’s natural development technique is to give attention to the perfect mixtures of geologic prospectivity and financial regime. Alvopetro is balancing capital funding alternatives in Canada and Brazil the place we’re   constructing off the energy of our Caburé and Murucututu pure gasoline fields and the associated strategic midstream infrastructure.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this information launch.

BOE Disclosure

The time period barrels of oil equal (“boe”) could also be deceptive, notably if utilized in isolation. A boe conversion ratio of six thousand cubic ft per barrel (6 Mcf/bbl) of pure gasoline to barrels of oil equivalence relies on an power equivalency conversion technique primarily relevant on the burner tip and doesn’t characterize a worth equivalency on the wellhead. All boe conversions on this information launch are derived from changing gasoline to grease within the ratio mixture of six thousand cubic ft of gasoline to 1 barrel of oil.

Nicely Outcomes

Knowledge obtained from the 183-D4 effectively recognized on this press launch, together with hydrocarbon reveals, cased-hole logging information, and potential internet pay must be thought of preliminary till testing, detailed evaluation and interpretation has been accomplished. Hydrocarbon reveals will be seen in the course of the drilling of a effectively in quite a few circumstances and don’t essentially point out a business discovery or the presence of business hydrocarbons in a effectively. There isn’t any illustration by Alvopetro that the info regarding the 183-D4 effectively contained on this press launch is essentially indicative of long-term efficiency or final restoration. The reader is cautioned to not unduly depend on such information as such information is probably not indicative of future efficiency of the effectively or of anticipated manufacturing or operational outcomes for Alvopetro sooner or later.

Ahead-Wanting Statements and Cautionary Language

This information launch comprises forward-looking info inside the that means of relevant securities legal guidelines. Using any of the phrases “will”, “count on”, “intend”, “plan”, “might”, “consider”, “estimate”, “forecast”, “anticipate”, “ought to” and different comparable phrases or expressions are meant to establish forward-looking info. Ahead‐trying statements contain vital dangers and uncertainties, shouldn’t be learn as ensures of future efficiency or outcomes, and won’t essentially be correct indications of whether or not or not such outcomes can be achieved. A variety of elements might trigger precise outcomes to differ considerably from the expectations mentioned within the forward-looking statements. These forward-looking statements mirror present assumptions and expectations relating to future occasions. Accordingly, when counting on forward-looking statements to make choices, Alvopetro cautions readers to not place undue reliance on these statements, as forward-looking statements contain vital dangers and uncertainties. Extra notably and with out limitation, this information launch comprises forward-looking statements regarding potential internet pure gasoline pay within the 183-D4 effectively and expectations relating to future completion plans for the effectively in addition to timing of manufacturing graduation from the effectively, future manufacturing and gross sales volumes, plans regarding the Firm’s operational actions, and different exploration and growth actions in each Canada and Brazil and the timing for such actions. Ahead-looking statements are essentially based mostly upon assumptions and judgments with respect to the long run together with, however not restricted to the success of future drilling, completion, testing, recompletion and growth actions and the timing of such actions, the efficiency of manufacturing wells and reservoirs, effectively growth and working efficiency, expectations and assumptions in regards to the timing of regulatory licenses and approvals, gear availability, environmental regulation, together with rules regarding hydraulic fracturing and stimulation, the flexibility to monetize hydrocarbons found, the outlook for commodity markets and talent to entry capital markets, international alternate charges, the end result of any disputes, the end result of redeterminations, common financial and enterprise circumstances, forecasted demand for oil and pure gasoline, the affect of worldwide pandemics, climate and entry to drilling places, the provision and value of labour and companies, and the regulatory and authorized surroundings and different dangers related to oil and gasoline operations. The reader is cautioned that assumptions used within the preparation of such info, though thought of affordable on the time of preparation, might show to be incorrect. Precise outcomes achieved in the course of the forecast interval will differ from the knowledge offered herein on account of quite a few identified and unknown dangers and uncertainties and different elements. Present and forecasted pure gasoline nominations are topic to alter each day and such adjustments could also be materials. As well as, the declaration, timing, quantity and cost of future dividends stay on the discretion of the Board of Administrators. Though we consider that the expectations and assumptions on which the forward-looking statements are based mostly are affordable, undue reliance shouldn’t be positioned on the forward-looking statements as a result of we may give no assurance that they are going to show to be appropriate. Since ahead trying statements handle future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Precise outcomes might differ materially from these presently anticipated because of a lot of elements and dangers. These embody, however are usually not restricted to, dangers related to the oil and gasoline business generally (e.g., operational dangers in growth, exploration and manufacturing; delays or adjustments in plans with respect to exploration or growth tasks or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections regarding manufacturing, prices and bills, reliance on business companions, availability of kit and personnel, uncertainty surrounding timing for drilling and completion actions ensuing from climate and different elements, adjustments in relevant regulatory regimes and well being, security and environmental dangers), commodity value and international alternate charge fluctuations, market uncertainty related to commerce or tariff disputes, and common financial circumstances. The reader is cautioned that assumptions used within the preparation of such info, though thought of affordable on the time of preparation, might show to be incorrect. Though Alvopetro believes that the expectations and assumptions on which such forward-looking info relies are affordable, undue reliance shouldn’t be positioned on the forward-looking info as a result of Alvopetro may give no assurance that it’ll show to be appropriate. Readers are cautioned that the foregoing record of things just isn’t exhaustive. Extra info on elements that might have an effect on the operations or monetary outcomes of Alvopetro are included in our AIF which can be accessed on Alvopetro’s SEDAR+ profile at www.sedarplus.ca . The forward-looking info contained on this information launch is made as of the date hereof and Alvopetro undertakes no obligation to replace publicly or revise any forward-looking info, whether or not on account of new info, future occasions or in any other case, until so required by relevant securities legal guidelines.

SOURCE Alvopetro Vitality Ltd.

View authentic content material: http://www.newswire.ca/en/releases/archive/June2025/10/c2914.html