Alvopetro Energy (ALVOF) Corporate presentation summary

Capital position and returns

• 2P reserves of 13.1 Mmboe; NPV10 of $393.6 million before tax and $312.4 million after tax, as of Dec. 31, 2025.

• Q2 2026 revenue of $19.2 million and funds flow from operations of $14.1 million; enterprise value / annualized funds flow of 4.3x.

• Q3 2026 quarterly dividend of $0.12 per share, representing a 7.2% yield; working capital net of debt was $6.1 million at June 30, 2026.

• From July 2020 to June 2026, 51% of funds flow was reinvested and 47% returned to stakeholders; dividends represented 32% of allocation, with $75 million paid.

Operating performance and infrastructure

• Q3 2026 field-estimated sales averaged 2,966 boepd, including 2,834 boepd in Brazil and 132 boepd in Canada; production mix was 89% natural gas.

• Q2 2026 operating netback was $59.08/boe, or 86% of realized sales price; realized price was $68.72/boe and production and transportation expenses were $5.60/boe.

• Q2 2026 effective royalty rate was 5.9% (Brazil 5.3%; Canada 14.8%); Brazil operating netback was $59.67/boe and Canada was $49.20/boe.

• 100%-controlled pipelines and gas plant connect directly to the Bahiagás City Gate; the 2026 gas plant upgrade was completed in September.

• Q2 2026 average realized natural gas price was $10.98/Mcf; the forecast weighted average price was $11.70/Mcf from Aug. 1, 2026, under the long-term contract.

Brazil growth plan

• Caburé capacity was increased 33% to ~21 MMcfpd; four new wells were drilled in 2025, supporting a strong production base and free cash flow.

• The 183-D1 Caruaçu development well was completed in three intervals and began production in August 2026; reported potential net pay was 47.7 metres, including 21.9 metres in Seq 6.1.

• The 183-H2 well was drilled in the prospective Caruaçu structure and was being completed, with production expected in late October 2026; the 183-G2 development well was being drilled.

• 2027 plans include a Caruaçu G-Pad development program and 183-C1 exploration well; 2028+ plans include full-field Caruaçu and Gomo development at Murucututu.

• The 100%-owned Tucano Basin position covers 462.2 km²; infrastructure expansion is part of the near-term 2026 plan.