AVILA ENERGY CORP - PTRVF STOCK NEWS

Avila Energy announces the intention to close further tranches of its non-brokered private placement, aiming to raise up to $3,000,000 through the issuance of 60,000,000 units at $0.05 per unit. The first tranche closed on October 31, 2023, generating $1,033,000 in gross proceeds.

Avila Energy Corporation appoints KMSS as independent auditor and Donica Ingot-Candia as new CFO. KMSS replaces WDM as auditors effective March 5, 2024. Ms. Igot-Candia brings over ten years of finance and leadership experience.

Avila Energy Corporation (Avila) has released its Inaugural Environmental, Social and Governance Report for 2023, outlining its commitment to delivering environmentally and socially responsible energy in North America. The company aims to become a 'Best-in-Class' alternative energy provider in Canada and the United States, with plans to offer its integrated solution worldwide. Avila is focused on sustainable energy delivery, with a forecasted average production of more than 1,000 boe/d in 2024 and the construction of a power generating facility with carbon capture and sequestration capabilities. The company also plans to install integrated energy solutions for consumers, delivering affordable electricity, heating, cooling, and EV charging at home. Avila's President and CEO, Leonard B. Van Betuw, emphasized the company's focus on sustainable energy delivery and its long-term goal of providing an affordable energy solution to consumers worldwide.

Avila Energy Corporation (Avila) announces the filing of its Financial Report for the Three and Nine months ended September 30, 2023. The company confirms its commitment to refining its goal to meet its first milestone of 650 boe/d, aiming for a 'Break-even Point' for its upstream operations. It expects to reach this milestone by the end of 2023 and anticipates the commencement of its Integrated Energy Solution business unit in January 2024.

Avila Energy Corporation (CSE:VIK)(OTC PINK:PTRVF)(FRA:6HG0) provides an operational update, focusing on strengthening its balance sheet, improving daily production, and commencing Direct-to-Consumer sales. The company is completing facilities maintenance and preparing for additional well remediation to re-establish production to 1,000 boe/d. Avila aims to reach its 'Break-even Point' for upstream operations and exit 2023 at a production rate of 800-1,000 boe/d. The addition of third-party processing services is expected to increase annualized cash-flow by $1,500,000 in 2024.

Avila Energy Corporation announces the engagement of Common Cents Media SPC and files an Early Warning Report. The company has entered into a Consulting Services Agreement with Common Cents Media to enhance its marketing efforts and support its expansion into the US in 2024. The agreement focuses on strategic communications and tracking the results of social media campaigns. The initial term is one month with the possibility of extensions for additional services.

Avila Energy Corporation announces the closing of its first tranche of $1,033,000 non-brokered private placement. The company issued 20,660,000 units at a price of $0.05 per unit, consisting of one common share and one-half common share purchase warrant. Two insiders of the company, Mr. Leonard Van Betuw and Mr. Jeffrey Decter, purchased a total of 3,600,000 units. The proceeds will be used for general working capital purposes.

Avila Energy Corporation announces private placement offering of up to $3,000,000 and corporate updates.

Avila Energy Corporation announces Financial Report for Q2 2023, with significant increases in average production. Operating netback decreases due to lower sales prices. Company aims to increase production and become a sustainable Carbon Neutral Energy Producer.