Alvopetro Announces Grant of Stock Options

(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 02/27/15 -- Alvopetro Energy Ltd. (TSX VENTURE: ALV) announces the grant of stock options.

Acknowledging current market conditions and commodity prices, Alvopetro is issuing a one-time grant of share based compensation, to reduce cash compensation, to our employees and further align their interests with those of our shareholders. Alvopetro has granted stock options to purchase 800,000 common shares under Alvopetro's stock option plan, of which 374,000 were granted to officers. Each stock option has an exercise price of Cdn.$0.45, being the volume weighted average trading price of Alvopetro's shares on the TSX Venture Exchange for the five consecutive trading days up to and including February 26, 2015. All stock options granted expire five years from the date of grant.

Alvopetro Energy Ltd.'s vision is to be the premier independent exploration and production company in Brazil, maximizing shareholder value by being the lowest cost operator and applying innovation to underexploited opportunities. Alvopetro aims to implement a large-scale, repeatable, low-risk, multi-well development program, utilizing advanced technology and completion techniques. Alvopetro's strong financial position, along with our experienced team of professionals, local operating capabilities and highly prospective land base, will enable us to efficiently develop our resource play opportunities.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Contacts:
Alvopetro Energy Ltd.
Corey C. Ruttan
President and Chief Executive Officer and Director
587.794.4224

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 27.02.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 374848
Anzahl Zeichen: 0

contact information:
Town:

CALGARY, ALBERTA

Kategorie:

Oil & Gas

Diese Pressemitteilung wurde bisher 225 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Alvopetro Announces Grant of Stock Options"
steht unter der journalistisch-redaktionellen Verantwortung von

Alvopetro Energy Ltd. (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Alvopetro Announces 2016 Capital Plan, Year-End 2015 Financial Results and Filin ...

CALGARY, ALBERTA -- (Marketwired) -- 04/06/16 -- Alvopetro Energy Ltd. (TSX VENTURE: ALV) is pleased to announce our 2016 capital plan, fourth quarter 2015 and year-end 2015 financial results and the filing of our annual information form.2016 Capit ...

Alvopetro Announces Block 170 Update ...

CALGARY, ALBERTA -- (Marketwired) -- 03/17/16 -- Alvopetro Energy Ltd. (TSX VENTURE: ALV) announces that we have completed drilling our 170(B1) well, located on Block 170 in the Reconcavo basin in the State of Bahia, Brazil. The 170(B1) well reache ...

Alvopetro Announces Management Change ...

CALGARY, ALBERTA -- (Marketwired) -- 03/02/16 -- Alvopetro Energy Ltd. (TSX VENTURE: ALV) announces that Mr. E. John Koch, Chief Operating Officer of Alvopetro, is no longer with the company. We thank him for his service and wish him well in his fu ...

Alle Meldungen von Alvopetro Energy Ltd.