Dividends

Alvopetro Announces Q2 2026 Dividend of US$0.12 Per Share and Initial 183-D1 Well Results

PRNewswire — Mon, 08 Jun 2026 23:03:00 +0000

CALGARY, AB, June 8, 2026 /CNW/ - Alvopetro Energy Ltd. (TSXV:ALV) (OTCQX:ALVOF) announces that our Board of Directors has declared a quarterly dividend of US$0.12 per common share, payable in cash on July 15, 2026 to shareholders of record at the close of business on June 30, 2026. This dividend is designated as an "eligible dividend" for Canadian income tax purposes.

Dividend payments to non-residents of Canada will be subject to withholding taxes at the Canadian statutory rate of 25%. Shareholders may be entitled to a reduced withholding tax rate under a tax treaty between their country of residence and Canada. For further information, see Alvopetro's website at https://alvopetro.com/Dividends-Non-resident-Shareholders.

183-D1 Initial Well Results

We have now completed drilling the 183-D1 well on our 100% owned Murucututu natural gas field. The 183-D1 well was drilled to a total measured depth ("MD") of 3,263 metres between our previously drilled 183-A3 and 183-D4 wells. Based on open-hole logs, the well encountered potential net natural gas pay in both the Caruaçu Member of the Maracangalha Formation and the Gomo Member of the Candeias Formation, with an aggregate 47.7 metres total vertical depth ("TVD") of potential natural gas pay, with average porosity of 10.0% and average water saturation of 29.2%, using a 6% porosity cut-off, 50% Vshale cut-off and 50% water saturation cutoff. The calculated net pay includes 21.9 metres of net pay, with average porosity of 10.2% and 21.8% water saturation in the lowermost Caruaçu Member (Sequence 6.1) of the Maracangalha Formation. This Sequence 6.1 has not been incorporated into our reserves or resources assessments to date. We plan to complete the well in up to seven intervals, including Sequence 6.1, and are working to have the well on production in July.

Annual General Meeting

Alvopetro's annual general and special meeting (the "Meeting") will be held on Tuesday, June 9, 2026 at the offices of Torys LLP (Suite 4600, 525 8^th SW, Calgary, Alberta) beginning at 9:30 a.m. Mountain time. The management information circular and all related materials are available on our website and www.sedarplus.ca.

All interested parties are invited to attend the Meeting. We will also be broadcasting the meeting via live webcast for the interest of all shareholders. Please be advised that shareholders will not be able to vote any shares through this webcast format. Details for joining the event are as follows:

DATE: June 9, 2026
TIME: 9:30 AM Mountain/11:30 AM Eastern
LINK: https://us06web.zoom.us/j/86716593981
DIAL-IN NUMBERS: https://us06web.zoom.us/u/knxDPPeb8
WEBINAR ID: 867 1659 3981

Corporate Presentation

Alvopetro's updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation.

Social Media

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Ticker	Fund Name	Monthly Dividend
RQI	Cohen & Steers Quality Income Realty Fund, Inc.	$0.090

Month	Ex-Dividend/ Record Date	Payable Date
July	Jul. 6, 2026	Jul. 31, 2026
August	Aug. 11, 2026	Aug. 31, 2026
September	Sept. 8, 2026	Sept. 30, 2026

Dividend Payment Date	Record Date	Dividend Per Share
June 26, 2026	June 15, 2026

Dividends

Alvopetro Announces Q2 2026 Dividend of US$0.12 Per Share and Initial 183-D1 Well Results

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