BRIEF-Alvopetro qtrly loss per share $0.05
May 17 (Reuters) - Alvopetro Energy Ltd
* Terminated production facilities rental contract for 182(B1) well and plan to transition to co owned equipment over coming months
* Qtrly loss per basic and diluted earnings per share $0.05
* Alvopetro announces operational update and first quarter financial and operating results
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