Alvopetro Announces 2022 Annual and Special Meeting Voting Results and Implementation of Omnibus Incentive Plan

Research, News, and Market Data on Alvopetro Energy

Jun 23, 2022

CALGARY, AB, June 23, 2022 /CNW/ – Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces the results of voting at its annual and special meeting (the “Meeting”) held virtually on June 22, 2022, and the implementation of the Omnibus Incentive Plan.

Voting Results

Alvopetro held the Meeting virtually on June 22, 2022.  Alvopetro shareholders approved the following resolutions.

1.        Election of
Directors

Shareholders approved the election of six nominees as directors of Alvopetro to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with the number and percentage of common shares represented at the meeting voting by way of ballot in favour of and withheld from voting of the individual nominees as follows:

2.       Appointment of
Auditors

Shareholders approved the appointment of KPMG LLP, Chartered Professional Accountants, to serve as auditors of Alvopetro for the ensuing year at such remuneration as may be determined by the Company’s board of directors, with 99.980% of the common shares represented at the Meeting voting in favour of the resolution.

3.       Approval of Omnibus
Incentive Plan

Shareholders approved the Omnibus Incentive Plan, the new share-based compensation plan of the Company, with 98.513% of the common shares represented in the Meeting voting in favour of the resolution.

Implementation of Omnibus Incentive Plan

Pursuant to the resolution approved by shareholders at the Meeting, Alvopetro has now implemented the Omnibus Incentive Plan. The Omnibus Incentive Plan replaces the Corporation’s existing Option Plan and Incentive Share Plan (collectively, the “Predecessor Plans”). No further grants will be made under the Predecessor Plans. Alvopetro employees, consultants and directors are eligible to participate in and receive grants under the Omnibus Incentive Plan.

The Omnibus Incentive Plan is a “rolling” share-based compensation plan pursuant to which participants may be awarded options, Restricted Share Units (“RSUs”), Deferred Share Units (“DSUs”) and Performance Share Units (“PSUs”). Under the Omnibus Incentive Plan, an aggregate of 10% of the common shares of the Company outstanding may be reserved for issuance under the Omnibus Incentive Plan and any other security-based compensation plans of Alvopetro, including the Predecessor Plans.  There is a sublimit of 5% of the common shares outstanding being reserved for the issuance of RSUs, DSUs and PSUs under the Omnibus Incentive Plan.  

Based on the current shares outstanding, a maximum of 3,410,251 of common shares may be reserved for issuance under the Omnibus Plan with a maximum sublimit of 1,705,125 common shares reserved for issuance of RSUs, DSUs and PSUs. As of the date hereof, no awards have been granted under the Omnibus Incentive Plan.  Under the Predecessor Plans, 1,199,997 common shares are reserved for issuance pursuant to options already granted and outstanding pursuant to the Corporation’s Option Plan and 563,165 Shares are reserved for issuance pursuant to RSUs and DSUs already granted and outstanding pursuant to the Corporation’s Incentive Share Plan, resulting in a total of 1,763,162 common shares reserved for issuance under the Predecessor Plans, representing an aggregate 5.2% of the common shares outstanding. 

A full copy of the Omnibus Incentive Plan is included as Schedule B to our 2022 Management Information Circular which can be found on our website at 
https://alvopetro.com/Shareholder-Documents and on SEDAR at www.sedar.com.

Social Media

Follow Alvopetro on our social media channels at the following links:

Twitter – https://twitter.com/AlvopetroEnergy

Instagram – https://www.instagram.com/alvopetro/

LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

YouTube: https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w

Alvopetro Energy Ltd.’s vision is to become a
leading independent upstream and midstream operator in Brazil. Our
strategy is to unlock the on-shore natural gas potential in the state of Bahia
in Brazil,
building off the development of our Caburé natural gas field and our strategic
midstream infrastructure.

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.

www.alvopetro.comTSX-V: ALV, OTCQX: ALVOF

SOURCE Alvopetro Energy Ltd.

Friday, June 24, 2022

Indonesia Energy Corp (INDO)
Rating raised in response to stock price weakness

Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

We are raising our rating back to Outperform in response to share price weakness. The shares of INDO, which had risen as high as $87, have fallen back to a price near $7. We maintain that a fair value for the shares is around $15 which we have reinstated as our price target.

The decline is an overreaction to recent oil price declines and economic concerns. The share rose from $7 to $86 over a two week period in late February/early March as speculators began trading the stock, leading us to downgrade the stock to Market Underperform. The shares then fell to the mid teens over the next three months as speculators exited the stock, allowing us to adopt a neutral stance on the stock. We believe the decline from mid teens to the current price reflects the recent decline in oil prices and concerns regarding global economic weakness, but is an overreaction to the actual impact on INDO….

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

FINNAIR AND GEVO ENTER INTO
SUSTAINABLE AVIATION FUEL SALES AGREEMENT FOR 7 MILLION GALLONS OF PER YEAR
OVER FIVE YEARS

ENGLEWOOD, Colo., June 21, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce a new fuel sales agreement with Finnair. The Agreement outlines the details for the purchase of 7 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s commercial operations. Deliveries of the SAF by Gevo are expected to begin in 2027. The expected value for the Agreement to be $192 million over the five-year period, inclusive of the value from environmental benefits for Gevo.

Finnair is a member of oneworld® Alliance, and this Agreement falls under the purview of a memorandum of understanding (MoU) that oneworld and Gevo signed in April 2022, laying the groundwork for the 14 world-class airlines in the alliance to purchase 200 million gallons of SAF per year, from Gevo’s commercial operations. The Agreement with Finnair will broaden Gevo’s range of airline partners and grow its global footprint with its sustainable fuel products, and also supports our efforts in pursuit of our stated goal of producing and commercializing a billion gallons of SAF by 2030.

“Gevo was founded on the principle of building sustainability into every step of our process,” said Dr. Patrick R. Gruber, Gevo’s Chief Executive Officer. “But it is not static—it’s always improving: We’re constantly incorporating new developments at every stage of our business system to reduce our carbon intensity. This is expected to make the renewable energy carried in our advanced renewable fuels even more impactful as they help to lower our customers’ carbon scores.”

Finnair uses an extensive toolkit to achieve emission reductions – using sustainable aviation fuels, reducing the weight of aircraft, developing fuel-efficient flight methods, offsetting, and engaging customers in reducing aviation emissions. Finnair is also actively exploring the possibilities of introducing new technologies into its operations.

“Finnair has ambitious emissions reduction targets: by the end of 2025, we intend to halve the level of net emissions from 2019 and achieve carbon neutrality latest by the end of 2045. SAF plays an important role for reaching these targets,” says Eveliina Huurre, SVP Sustainability at Finnair.

Gevo’s process is designed to create multiple efficiencies by allowing the same acre of farmland to produce SAF from corn using atmospheric carbon while simultaneously adding high-value nutritional products to the food chain.  

“Finnair knows the future will be built on renewable energy, and our SAF delivers renewable energy in a drop-in fuel that is expected to make an impact right away,” said Dr. Gruber. “Because its fungible, this SAF is expected to reduce the carbon intensity in any flight proportional to the blend used to fill up the aircraft.”

The Agreement with Finnair is subject to certain conditions precedent, including Gevo developing, financing, and constructing one or more production facilities to produce the SAF contemplated by the Agreement.

About Gevo
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

About Finnair
Finnair is a network airline, specialising in connecting passenger and cargo
traffic between Asia, North America and Europe. Sustainability is at the heart
of everything we do – ?Finnair intends to reduce its net emissions by 50% by
the end of 2025?from the 2019 baseline?and achieve carbon neutrality latest by
the end of 2045. Finnair is a member of the oneworld alliance. Finnair Plc’s
shares are quoted on the Nasdaq Helsinki stock exchange.

Learn more about Finnair here: finnair.com

Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including Gevo’s technology, the agreement with Finnair, Gevo’s ability to develop, finance and construct one or more production facilities to produce the SAF contemplated by the Agreement with Finnair, the timing of Gevo producing the SAF for Finnair, Gevo’s estimate of the expected value of the Agreement with Finnair, the oneworld Alliance, Gevo’s production of SAF, the attributes of Gevo’s products, Gevo’s ability to create net-zero carbon intensity products, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2021, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Media Contact
Heather L. Manuel
+1 303-883-1114
IR@gevo.com

Gevo’s Northwest Iowa RNG Project Hits Major Milestone; Begins Injecting Dairy RNG into Natural Gas Pipeline

Research, News, and Market Data on Gevo

ENGLEWOOD, Colo., June 14, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced that its renewable natural gas (“RNG”) project in Northwest Iowa (the “RNG Project”) has been producing biogas and is now upgrading and injecting RNG into the natural gas pipeline. The RNG Project generates renewable natural gas captured from dairy cow manure. The manure for the RNG Project is supplied by three dairy farms located in Northwest Iowa totaling over 20,000 milking cows. When at full operational capacity, the RNG Project is expected to generate approximately 355,000 MMBtu of RNG per year, which will be transported and sold in California. BP Canada Energy Marketing Corp. and BP Products North America Inc. (collectively, “bp”) will market the RNG in California on behalf of Gevo, and Gevo expects that the RNG Project will generate between $16 and $22 million of Project EBITDA¹ per year beginning by 2023 depending on a variety of assumptions, including the value of credits under the federal Renewable Fuel Standard Program (“RFS”) and the Low Carbon Fuel Standard (“LCFS”) in California. Gevo expects to be able to get approval for Renewable Identification Numbers (“RINs”) through RFS and carbon credits from LCFS later this year or next year.

“The success that Gevo is achieving in Northwest Iowa right now is the result of the team of dedicated people who are working to change the world by converting waste into useful energy, animal bedding, and soil fertilizer,” says Dr. Chris Ryan, President and Chief Operating Officer of Gevo, Inc. “These talented people have been tasked with an important, complex job, and work every day to identify issues, formulate solutions, and execute their plan to achieve our goals. As this renewable energy supply becomes reliable, the entire circular economy model can grow and prosper. Supplying value added animal feed to dairies and to other animal feed operations, capturing the manure, then converting the manure to make RNG for use in the production of transportation fuels, more animal feed, and later, jet fuel when our Net-Zero 1 plant operates. This is an example of the circular economy in action.”

“In addition to being good for us, California and the world, our dairy partners are also expected to reap benefits from the RNG Project over the long term,” Ryan said. “The manure digesters are expected to improve the farms’ sustainability and lay the groundwork for more efficient recycling of nutrients and better soil health. It’s important that they share in the value,” Dr. Ryan said.

About Gevo
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking
Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the development and construction of the RNG Project, the ability of Gevo to realize production of RNG by the RNG Project, Gevo’s ability to generate cash, revenue and Project EBITDA from the RNG Project, use of RNG at Gevo’s Net-Zero 1 project, benefits to Gevo’s dairy partners, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2021, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Investor
and Media Contact
Heather L. Manuel
303-883-1114

IR@gevo.com

¹ Project EBITDA is a non-GAAP financial measure that we define as total operating revenues less total operating expenses for the project.

Image Credit: The Noun Project (Flickr)

Investors are Not Alone Interpreting Surprise Stock Moves and Future Direction

During periods of rising stock market prices, investors often overreact to positive news on a company while ignoring negative. Similarly, when markets are faced with an ongoing negative mood, investors are quicker to hit the sell button. When Investors all try to rush through the gate at the same time, either buying or selling, creates a sharp move that typically shows it was overdone and reverses at least somewhat. There is no guarantee of a reversal or so-called bounce, but anyone involved in the market has seen it often enough to know it happens; knowing where the high or low will be before any turnaround is what makes investing or trading tricky.

On Monday (June 6), investors observed that Gevo (GEVO), which is popular among renewable liquid hydrocarbon fuel investors and ESG rated stocks, reacted negatively to an announced capital raise. The raise involved issuing shares rather than non-equity or other non-dilutive alternatives.

The specifics of the agreement with various institutions is to sell 33,333,336 shares of common stock at a $4.50 per share, the approximate previous closing price. The shares would also have warrants exercisable at $4.37 per share. The offering is expected to provide $150 million in proceeds to the company. The bulk of the raise can be considered for investment as projects, including the Net Zero-1 Plant that will break ground this year are expected to cost $900 million.

On the day of the announcement, the company stock dropped over 30%, and despite newer news items related to Gevo, including Japanese Airlines entering into a contract to purchase fuel, or the collaboration with Google Cloud to enhance Gevo’s bio-fuel analysis by helping to measure and verify the efficacy of its biofuels via full lifecycle sustainability data tracking, investors are not yet showing that they are impressed.

Source: Koyfin

There are more companies that are not mentioned by the primary news outlets than those that are. When one of these companies makes an announcement and the discussion is sparse, it may be time to evaluate your own thoughts, maybe crunch your own numbers, and peruse research reports from those that know the company extremely well and are experts in the industry. This is how value can, at times, be uncovered. While everyone else is reading the same rehashed headline, digging into an expertly written research note by an analyst that covers the company can help shed light on what others may be missing. Or to validate or invalidate one’s own understanding of pros and cons.

Gevo is a company with equity research coverage by analysts at Noble Capital Markets, this research is published and downloaded by institutions via expensive subscription services such as Bloomberg terminals and Factset, these services aren’t practical for the average individual investor. But the same research is also available at no cost to subscribers of Channelchek.

A research report on Gevo was published and emailed this morning to Channelchek subscribers. 

Time will tell if the sell-off was and is an overreaction. But the stock is currently trading at $3.03, down another half percentage point from yesterday’s close after falling over 30%. In the research note titled: Stock
Hit Hard on Equity Offering, Michael Heim, CFA, Senior Research Analyst wrote, “The shares of Gevo will most likely be volatile over the next few years until plants have been constructed and are generating cash.” He continued, “Investors should maintain a long-term perspective and focus on construction progress and not short-term stock price volatility. As such, we see recent weakness as a buying opportunity and maintain our Outperform rating and $16 price target.”

Get the
Report

The research note contained other information and thoughts not found in traditional media and not permitted in an SEC-registered company press release. Further, previous research reports on the company are also available for deeper insight.

Take Away

Once again, time will tell where Gevo, or any other stock that has made a sharp move, is trading in a month, a year, or even five years, but having another set of expert eyes and knowledgeable insight helps an investor sort through any big reaction to news that is sparsely reported on by financial outlets that tend to focus on the same dozen companies. They simply don’t dig into smaller stocks that are moving.

Paul Hoffman

Managing Editor, Channelchek

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https://www.channelchek.com/company/GEVO/research-report/3699

www.koyfin.com

https://investors.gevo.com/news-releases/news-release-details/collaboration-googlecloud-gevo-measure-and-verify-carbon

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Japan Airlines Enters into New Fuel Sales Agreement with Gevo for 5.3 Million Gallons of Sustainable Aviation Fuel Per Year Over Five Years

Research, News, and Market Data on Gevo

ENGLEWOOD, Colo., June 07, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce a new fuel sales agreement with Japan Airlines Co., Ltd. (JAL). The Agreement outlines the details for the purchase of 5.3 million gallons per year of sustainable aviation fuel (SAF) for five years with deliveries expected to begin in 2027.

JAL is a member of oneworld® Alliance, and this Agreement falls within the purview of a memorandum of understanding (MoU) that 
oneworld and Gevo signed in March 2022, laying the groundwork for the associated world-class airlines in the Alliance to purchase up to 200 million gallons of SAF from Gevo’s commercial operations. The agreement with JAL will further enhance Gevo’s global footprint for its sustainable fuel products, and also supports Gevo’s efforts in pursuit of its stated goal of producing and commercializing a billion gallons of SAF by 2030.

“Our sustainable aviation fuel is a drop-in fuel that delivers renewable energy where it’s needed,” said Dr. Patrick R. Gruber, Gevo’s Chief Executive Officer. “Our process is a model of efficiency, designed to allow the same acre of farmland to produce SAF from corn using atmospheric carbon while simultaneously adding high-value nutritional products to the food chain.”

Gevo uses the Argonne GREET® model established by Argonne National Laboratory with the support of the U.S. Department of Energy to measure greenhouse gas emissions. Argonne GREET provides an accurate lifecycle inventory of carbon and leverages the decarbonizing impact of sustainable agriculture and fuel-production practices. Gevo’s Net-Zero business systems are expected to reduce greenhouse-gas emissions to net-zero over the entire lifecycle of each gallon of advanced renewable fuel produced, including its SAF, and that includes the emissions resulting from burning the fuel in engines to power transportation.

As the airline industry has worked to reduce carbon dioxide emissions by cutting the quantity of fuel used, JAL and other oneworld members acknowledge that, to achieve further reductions in emissions going forward, they need to change the fuels, too, and expect that the use of SAF will become widespread toward 2030 and on. JAL and oneworld have the common ultimate goal of net-zero emission by 2050, with an intermediate target of replacing 10% of conventional jet fuel to SAF by 2030, and Gevo is a vital part of achieving that goal.

“JAL sees the value in reducing its dependence on fossil fuels while still being able to continue to use its existing aircraft,” says Gruber. “Our agreement will empower the company to achieve carbon-emissions reductions now as it explores other technologies to manage its energy transition.”

The agreement with JAL is subject to certain conditions precedent, including Gevo developing, financing and constructing one or more production facilities to produce the SAF contemplated by the agreement.

About Gevo
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have the potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI. Learn more at Gevo’s website: www.gevo.com

About Japan Airlines
Japan Airlines (JAL) was founded in 1951 and became the first international airline in Japan. A member of the oneworld® alliance, the airline now reaches 349 airports in 52 countries and regions together with its codeshare partners with a modern fleet of 230 aircraft. JAL Mileage Bank (JMB), the airline’s loyalty program, is one of the largest mileage programs in Asia. Awarded as one of the most punctual major international airlines and a certified 5-Star Airline by Skytrax, JAL is committed to providing customers with the highest levels of flight safety and quality in every aspect of its service, and one of the most preferred airlines in the world. Learn more about Japan Airlines here: https://www.jal.com/en/

Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the agreement with JAL, Gevo’s ability to develop, finance and construct one or more production facilities to produce the SAF contemplated by the agreement with JAL, the timing of Gevo producing the SAF for JAL, Gevo’s estimate of the future revenue from the agreement with JAL, Gevo’s technology, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2021, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Media Contact
Heather L. Manuel
+1 303-883-1114
IR@gevo.com

Alvopetro Announces May 2022 Sales Volumes and Operational Update

Research, News, and Market Data on Alvopetro Energy

Jun 06, 2022

CALGARY, AB, June 6, 2022 /CNW/ – Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces May sales volumes of 2,111 boepd, including natural gas sales of 12.1 MMcfpd, associated natural gas liquids sales from condensate of 81 bopd and oil sales of 9 bopd, based on field estimates.  At the end of May, we completed a five-day shutdown of our production to complete all the necessary advance work for our Caburé gas processing facility expansion resulting in lower overall production in May compared to prior months.  At the same time, we completed the plant turnaround and inspection work required by Brazilian regulations every three years, to avoid any downtime later in 2022. All work was completed ahead of schedule and production resumed without issue. Based on field estimates, our production averaged 2,494 boepd during the first five days of June, consistent with production levels prior to the shutdown.  The gas plant expansion is on schedule to be completed in early July and all the equipment for the expansion can now be installed efficiently without interrupting production. Following the expansion, our available processing capacity is expected to increase by 25% to at least 500,000 cubic metres per day (18 MMcfpd).

Operational Update

In April, we completed drilling our 182-C1 well on Block 182 and, based on open-hole wireline logs, the well discovered 25 metres of potential net natural gas pay in the Agua Grande formation with an average 34% water saturation and average porosity of 8.2%.  The 182-C1 well encountered net pay in the Agua Grande Formation but the well crossed the bounding fault before reaching the secondary target in the Sergi Formation.  We plan to commence testing the well near the end of June to assess productive capability and define a field development plan.

On June 5, 2022, following required rig maintenance, we spud our second 2022 exploration well (183-B1) on the fault block immediately east to our 182-C1 discovery.  The 183-B1 location is also a multi-zone pre-rift prospect targeting both the Agua Grande and Sergi Formations.  Our independent reserve evaluator (GLJ Ltd.) assessed the 183-B1 prospect and assigned prospective resource of:

The 183-B1 well is expected to take approximately 44 days to drill.  After this well, we plan to drill the follow-up well on Block 182 to: 1) test the lateral extent of our 182-C1 Agua Grande discovery; 2) assess Agua Grande porosity further away from the bounding fault; and 3) target the Sergi Formation further east from the bounding fault.  

On our Murucututu project, we have completed construction of the pipeline to connect the 183(1) well to our Caburé pipeline and are in the final stages of construction of our field production facilities. We expect our 183(1) well to be on production in July.

Corporate Presentation

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

Social Media

Follow Alvopetro on our social media channels at the following links:

Twitter – https://twitter.com/AlvopetroEnergy  Instagram – 
https://www.instagram.com/alvopetro/  LinkedIn – 
https://www.linkedin.com/company/alvopetro-energy-ltd  YouTube: https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w  

Alvopetro Energy Ltd.’s vision is to become a
leading independent upstream and midstream operator in Brazil. Our
strategy is to unlock the on-shore natural gas potential in the state of Bahia
in Brazil,
building off the development of our Caburé natural gas field and our strategic
midstream infrastructure.

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.

All amounts contained in this new release are in United States dollars,
unless otherwise stated and all tabular amounts are in thousands of United States dollars,
except as otherwise noted.

Abbreviations:

boepd                    
=             
barrels of oil equivalent (“boe”) per daybopd                      
=             
barrels of oil and/or natural gas liquids (condensate) per dayMBOE                    
=             
thousands of barrels of oil equivalentMMcf                     
=             
million cubic feetMMcfpd                
=             
million cubic feet per day

BOE Disclosure. The term barrels of oil
equivalent (“boe”) may be misleading, particularly if used in
isolation. A boe conversion ratio of six thousand cubic feet per barrel
(6Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. All boe conversions in this
news release are derived from converting gas to oil in the ratio mix of six
thousand cubic feet of gas to one barrel of oil.

Forward-Looking Statements and Cautionary Language. This
news release contains forward-looking information within the meaning of
applicable securities laws. The use of any of the words “will”,
“expect”, “intend” and other similar words or expressions
are intended to identify forward-looking information. Forward?looking statements involve
significant risks and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of
whether or not such results will be achieved. A number of factors could cause
actual results to vary significantly from the expectations discussed in the
forward-looking statements. These forward-looking statements reflect current
assumptions and expectations regarding future events. Accordingly, when relying
on forward-looking statements to make decisions, Alvopetro cautions readers not
to place undue reliance on these statements, as forward-looking statements involve
significant risks and uncertainties. More particularly and without limitation,
this news release contains forward-looking information concerning the plans
relating to the Company’s operational activities, potential natural gas pay in
the 182-C1 well, the expected natural gas price, gas sales and gas deliveries
under Alvopetro’s long-term gas sales agreement, exploration and development
prospects of Alvopetro, the expected timing of certain of Alvopetro’s testing
and operational activities and future results from operations. The forward?looking statements are based on
certain key expectations and assumptions made by Alvopetro, including but not
limited to equipment availability, the timing of testing of the 182-C1 well and
the results from such testing, the timing of regulatory licenses and approvals,
the success of future drilling, completion, testing, recompletion and
development activities, the outlook for commodity markets and ability to access
capital markets, the impact of the COVID-19 pandemic and other significant
worldwide events, the performance of producing wells and reservoirs, well
development and operating performance, foreign exchange rates, general economic
and business conditions, weather and access to drilling locations, the
availability and cost of labour and services, environmental regulation,
including regulation relating to hydraulic fracturing and stimulation, the
ability to monetize hydrocarbons discovered, the regulatory and legal
environment and other risks associated with oil and gas operations. The reader
is cautioned that assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be
incorrect. Actual results achieved during the forecast period will vary from the
information provided herein as a result of numerous known and unknown risks and
uncertainties and other factors. Although Alvopetro believes that the
expectations and assumptions on which such forward-looking information is based
are reasonable, undue reliance should not be placed on the forward-looking
information because Alvopetro can give no assurance that it will prove to be
correct. Readers are cautioned that the foregoing list of factors is not
exhaustive. Additional information on factors that could affect the operations
or financial results of Alvopetro are included in our annual information form
which may be accessed on Alvopetro’s SEDAR profile at www.sedar.com. The
forward-looking information contained in this news release is made as of the
date hereof and Alvopetro undertakes no obligation to update publicly or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.

Test Results. Data obtained from the
182-C1 well identified in this press release, including hydrocarbon shows,
open-hole logging, net pay and porosities, should be considered to be
preliminary until testing, detailed analysis and interpretation has been
completed. Hydrocarbon shows can be seen during the drilling of a well in
numerous circumstances and do not necessarily indicate a commercial discovery
or the presence of commercial hydrocarbons in a well. There is no
representation by Alvopetro that the data relating to the 182-C1 well contained
in this press release is necessarily indicative of long-term performance or
ultimate recovery. The reader is cautioned not to unduly rely on such data as
such data may not be indicative of future performance of the well or of
expected production or operational results for Alvopetro in the future.

Prospective Resources – This news
release discloses estimates of certain of Alvopetro’s prospective resources as
evaluated by GLJ Ltd. with an effective date of July 31, 2020 (as
announced by Alvopetro on September
8, 2020). There is no certainty that any portion
of the prospective resources will be discovered and even if discovered, there
is no certainty that it will be commercially viable to produce any portion. Estimates
of prospective resources involve additional risks over estimates of reserves.
The accuracy of any resources estimate is a function of the quality and
quantity of available data and of engineering interpretation and judgment.
While resources presented herein are considered reasonable, the estimates should
be accepted with the understanding that reservoir performance subsequent to the
date of the estimate may justify revision, either upward or downward. 
Prospective resources have both a chance of discovery and a chance of
development, which combined represent for any undiscovered accumulation its
chance of commerciality.  Please refer to the noted news releases dated September 8, 2020 for
additional information as well as supplementary information contained in the
Company’s annual information form which has been filed on SEDAR.

SOURCE Alvopetro Energy Ltd.

Tuesday, June 07, 2022

Gevo (GEVO)
Stock hit hard on equity offering

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel, and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full lifecycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented, technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Gevo announces offering. The company has entered into an agreement with several institutional investors to sell 33,333,336 shares of common stock at a $4.50 per share, the approximate previous closing price, with accompanying warrants exercisable at $4.37 per share.  The offering will generate $150 million in proceeds, which will be used to fund projects including the Net Zero-1 Plant that will break ground in 2022 and cost $900 million and two years to construct.

Shares fall some 33% on the announcement. The offering should not come as a complete surprise given the large capital expenditures the company is about to undertake. Still, some investors might have found the offering premature given Gevo’s current cash position of $430 million and an operating cash burn of only $20 million. …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

In a Collaboration with GoogleCloud, Gevo to Measure and Verify the Carbon Intensity of Biofuels Across the Supply Chain Utilizing Verity Tracking

Research, News, and Market Data on Gevo

PARTNERSHIP EXPECTS TO ENABLE USERS TO
TRACK AND VERIFY EMISSIONS USING DATASETS AND ANALYTICS TOOLS FROM GOOGLE CLOUD

ENGLEWOOD, Colo., June 06, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) today announced that it has entered into a partner agreement with Google Cloud to measure and verify the efficacy of next-generation biofuels across the supply chain via full lifecycle sustainability data tracking. Utilizing technology developed by Verity Tracking (Verity), a division of Gevo, the collaboration is expected to enable users to track and verify emissions using datasets and analytics tools from Google Cloud. The goal will be to help companies create a more data-driven approach to understanding and lowering greenhouse gas intensity globally.

Together, Google Cloud and Verity expect to work on product-level engagements to address market and customer needs. Utilizing Google Cloud’s analytics tools and Google Earth Engine’s multi-petabyte catalog of Earth observation data, Gevo and Verity expect to provide measured verification of asset-level atmospheric emissions reductions, renewable energy-powered electricity for processing, and land-use changes with soil quality and water impacts to support Gevo’s smart agriculture and carbon intensity claims, from farm to flight.

“Data is the core issue in understanding carbon emissions. Many organizations are prioritizing sustainability, but are unsure how to track and measure climate data,” said Larry Cochrane, Director, Global Energy Solutions, Google Cloud. “Gevo and Verity’s advanced value chain solution, complemented by Google Cloud’s leading data platform and tools, is uniquely positioned to track emissions and environmental factors across the full lifecycle, helping to identify opportunities for continuous improvement. We are excited about Verity’s technology, and partnering with Gevo to better address this issue together with customers and drive a positive impact on the planet.”

“Understanding the full sustainability life cycle, especially that of greenhouse gasses is critical for energy transition because it provides the insight to solve the real problems, show proof of claims, and eliminate through data the speculation that occurs,” said Dr. Patrick Gruber, CEO of Gevo. “Google Cloud and the Verity team are focused on working together to close the data gaps between smart agriculture at the farm level and measuring the carbon intensity through the full carbon lifecycle. We expect to build the technology and tools to track carbon intensity of renewable natural gas, sustainable aviation fuel, renewable diesel, farming, and eventually forestry and forest products.”

Verity is looking to move this into an even broader realm, extending beyond biofuels for verification and tracking of Scope 1-3 emissions and environmental factors for all industries.

About Gevo
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have the potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

About
Google Cloud
Google Cloud accelerates every organization’s ability to digitally transform its business. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

Forward-Looking
Statements
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements relate to a
variety of matters, without limitation, including the partner agreement with
Google Cloud and the collaboration between Gevo and Google Cloud, Verity
Tracking and its technology, whether the collaboration with Google Cloud will
lead to material commercial agreements, Gevo’s technology and processes, and
other statements that are not purely statements of historical fact. These
forward-looking statements are made on the basis of the current beliefs,
expectations, and assumptions of the management of Gevo and are subject to
significant risks and uncertainty. Investors are cautioned not to place undue
reliance on any such forward-looking statements. All such forward-looking
statements speak only as of the date they are made, and Gevo undertakes no
obligation to update or revise these statements, whether as a result of new
information, future events or otherwise. Although Gevo believes that the
expectations reflected in these forward-looking statements are reasonable,
these statements involve many risks and uncertainties that may cause actual
results to differ materially from what may be expressed or implied in these
forward-looking statements. For a further discussion of risks and uncertainties
that could cause actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the business of Gevo
in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo
for the year ended December 31, 2021, and in subsequent reports on Forms 10-Q
and 8-K and other filings made with the U.S. Securities and Exchange Commission
by Gevo.

Gevo Media
Contact
Heather L. Manuel
+1 303-883-1114
IR@gevo.com

Gevo, Inc. Announces $150 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules

Research, News, and Market Data on Gevo

ENGLEWOOD, Colo., June 06, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (“Gevo” or the “Company”) (Nasdaq: GEVO), today announced that it has entered into definitive agreements with several institutional investors for the purchase and sale of an aggregate of 33,333,336 shares of common stock, and accompanying warrants to purchase up to an aggregate of 33,333,336 additional shares of common stock, at a public offering price of $4.50 per share and accompanying warrant in a registered direct offering priced at-the-market under Nasdaq rules. The warrants have an exercise price of $4.37 per share, are immediately exercisable upon issuance and will expire five years following issuance. The offering is expected to close on or about June 8, 2022, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. Citigroup is acting as capital markets advisor to Gevo.

The gross proceeds from the offering are expected to be $150 million, prior to deducting placement agent’s fees, advisory and other offering expenses payable by Gevo and assuming none of the warrants issued in the offering are exercised for cash. Gevo intends to use the net proceeds from the offering to fund capital projects, working capital and for general corporate purposes.

An automatic shelf registration statement on Form S-3 (File No. 333-252229) relating to the offering of the securities described above was filed with the Securities and Exchange Commission (the “SEC”) on January 19, 2021, and automatically became effective under SEC rules. Such securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the securities being offered will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, by visiting the SEC’s website at www.sec.gov or by contacting H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, New York 10022, by email at placements@hcwco.com or by telephone at (212) 856-5711.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Gevo
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel, and diesel fuel, that when burned have potential to yield net-zero carbon greenhouse gas emissions when measured across the full lifecycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented, technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that Argonne National Laboratory GREET model is the best available standard of scientific based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: 
www.gevo.com

Forward-Looking
Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, statements related to the offering of the securities described herein, the closing of the offering and the use of proceeds therefrom. These forward-looking statements are made based on the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2021 and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo. 

Investor and Media
Contact
+1 720-647-9605
IR@gevo.com