Alvopetro Energy expands its Alberta heavy oil position through a new drilling agreement with Courser Energy, targeting 75 potential locations and committing to a five-well program starting in late 2026.
Alvopetro Energy has strategically expanded its footprint in Alberta's Mannville heavy oil fairway by securing 14 net sections through a partnership with Courser Energy. This agreement provides the company with a significant drilling inventory of over 75 gross locations, with a committed five-well program starting in Q4 2026 to bolster future production and reserves.
Alvopetro added 28 gross sections, equivalent to 14 net sections, in the Mannville heavy oil fairway.
The drilling program for the five earning wells is scheduled to begin in the fourth quarter of 2026.
Alvopetro Energy has secured a strategic partnership with Courser Energy to expand its footprint in Alberta's Mannville heavy oil fairway. The deal adds 14 net sections to the company's portfolio and includes a commitment to drill five earning wells starting in Q4 2026, backed by an estimated C$8.5 million investment.
The agreement aims to expand Alvopetro's heavy oil position in Alberta's Mannville fairway, providing exposure to over 75 potential drilling locations and diversifying the company's reservoir portfolio.