ALVOF

Alvopetro Energy Ltd. is engaged in the exploration for and the acquisition, development and production of hydrocarbons in Brazil and Canada. It holds interests in the Cabure and Murucututu natural gas assets and one exploration block (Block 183), in the Reconcavo Basin onshore Brazil, as well as a 50% non-operated working interest in Western Saskatchewan. The Cabure Field extends across four blocks in the Reconcavo Basin in the state of Bahia in Brazil (the Unit), two of which are held by it and two of which are held by its partner. Its Murucututu natural gas project extends across Blocks 183 and 197, both held 100% by the Company. There are five existing wells at the field, including the 197(1) well and the 183(1) well. It also holds four blocks covering 462.4 square kilometers and are all located in the Tucano Basin, north of its core operating area in the state of Bahia, including three exploration blocks (TUC-T-142, TUC-T-151, and TUC-T-174) and one marginal field (Subauma Mirim).