Alvopetro Energy Ltd (OTCPK:ALVOF)

$ 3.34 0.01 (0.3%) Market Cap: 125.02 Mil Enterprise Value: 116.06 Mil PE Ratio: 6.34 PB Ratio: 1.43 GF Score: 60/100

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Aug 12, 2022

$5.45 (+0.55%)

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Q2 2022 Alvopetro Energy Ltd Earnings Call Transcript

Aug 12, 2022 / 02:00PM GMT

Release Date Price: $5.45 (+0.55%)

Transcript

Corey Ruttan

Alvopetro Energy Ltd. - President, CEO, & Director

Good morning. Thank you for joining us today for our second-quarter 2022 results webcast. I'm Corey Ruttan, President and CEO; and this is Alison Howard, our Chief Financial Officer. And I'm going to turn it over to Alison to start.

Alison Howard

Alvopetro Energy Ltd. - CFO

Thanks, Corey, and good morning, everyone. Just a reminder that this webcast is being recorded today and there will be a replay available on our website shortly after the call. (Operator Instructions) These are our cautionary statement. I'm not going to go through these in detail, but I do encourage you to visit our website and review those within our corporate presentation.

So just starting things off today, I think you all have seen that we did a financial statement -- restatement of our prior year financials, so just wanted to give a bit of a summary on that. So this all stems from accounting for actually the 2012 acquisition of these Brazil assets and purchase price accounting with respect to some fair value

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