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luckyfa Elite	24-Jan-2021 15:44        luckyfa About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed, hope resume trading soon....😁 Skynet4321      ( Date: 24-Jan-2021 12:20) Posted: Certainly a good profile company but downfall could be due to poor management. Oceanus a good example of turning around. luckyfa      ( Date: 24-Jan-2021 11:53) Posted: Yup, but looking at the other angle, kydon learning another good business company.... Past done, looking ahead.....😁
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Skynet4321 Master	24-Jan-2021 12:20        Skynet4321 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Certainly a good profile company but downfall could be due to poor management. Oceanus a good example of turning around. luckyfa      ( Date: 24-Jan-2021 11:53) Posted: Yup, but looking at the other angle, kydon learning another good business company.... Past done, looking ahead.....😁 Skynet4321      ( Date: 24-Jan-2021 11:35) Posted: Still SUS. Those trapped will likely rush out once lifted :
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luckyfa Elite	24-Jan-2021 11:53        luckyfa About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup, but looking at the other angle, kydon learning another good business company.... Past done, looking ahead.....😁 Skynet4321      ( Date: 24-Jan-2021 11:35) Posted: Still SUS. Those trapped will likely rush out once lifted :) luckyfa      ( Date: 24-Jan-2021 11:02) Posted: Alpha almost there, acquisition done.....👍
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Skynet4321 Master	24-Jan-2021 11:35        Skynet4321 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still SUS. Those trapped will likely rush out once lifted :) luckyfa      ( Date: 24-Jan-2021 11:02) Posted: Alpha almost there, acquisition done.....👍 TraderBen      ( Date: 17-Jan-2021 22:58) Posted: Slow and long wait. Big bro ezion also no news
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luckyfa Elite	24-Jan-2021 11:02        luckyfa About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alpha almost there, acquisition done.....👍 TraderBen      ( Date: 17-Jan-2021 22:58) Posted: Slow and long wait. Big bro ezion also no news
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TraderBen Supreme	17-Jan-2021 22:58        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Slow and long wait. Big bro ezion also no news
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boyboy61 Supreme	17-Jan-2021 08:03        boyboy61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Awaiting resumption of trading
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HendriJB Supreme	16-Jul-2020 09:44        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	ALPHA ENERGY Suspended stock news today 16 July 2020 https://links.sgx.com/1.0.0/corporate-announcements/MWZZ3MMYU3N07LFS/07%2015%20Alpha-Ann-Project%20Coca.pdf
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guards80 Supreme	06-Jul-2020 17:29        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	UPDATE ON RESUMPTION OF TRADING In accordance with Rule 1304 of the Catalist Rules, the Company must submit proposals through its sponsor to the SGX-ST with a view to resuming trading in its securities within 12 months of the date of suspension (i.e. by 13 November 2020), and will do so, after the entry (if any) of the definitive agreement(s) for the Potential Acquisition and the liabilities related to Project Mustang can be settled.
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Huatsweeswee Master	20-Jun-2020 23:10        Huatsweeswee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still working very hard. Looking for new opportunities.
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tec96157 Senior	20-Jun-2020 20:51        tec96157 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What happen to this share? till when than can open for trade?
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gravity8888 Supreme	30-May-2020 16:00        gravity8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Get it un suspense first.. Hahah
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Trojan Member	30-May-2020 13:56        Trojan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Based on current/projected oil price outlook and economic situation, I personally think it will be very difficult for Alpha Energy to return any significant shareholder value. weishent      ( Date: 30-May-2020 00:07) Posted: any comments guru? this still have chance to recover back cost?
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weishent Elite	30-May-2020 00:07        weishent About Contact  Quote this Post!
x 0   x 0  Alert Admin	any comments guru? this still have chance to recover back cost?
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Trojan Member	29-May-2020 22:52        Trojan About Contact  Quote this Post!
x 0   x 0  Alert Admin	ALPHA ENERGY HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: 200310813H) UPDATES ON THE MUSTANG PROJECT AND ON BUSINESS PLANS Unless otherwise defined, all capitalised terms shall bear the same meanings as the circular released by Alpha Energy Holdings Limited on 18 February 2019 (the ?Circular?), the Company?s announcements dated 18 November 2019, 19 February 2020, 25 February 2020, 3 March 2020, 12 May 2020 and full-year result announcement dated 30 April 2020 (collectively the ?Previous Announcements?). 1 INTRODUCTION The board of directors (the ?Board?) of Alpha Energy Holdings Limited (the ?Company? together with its subsidiaries, the ?Group?) refers to its Previous Announcements, and would like to provide the following updates in relation to the Mustang Project, Business Diversification (as defined below) and also as required under Rule 704(22) of the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) Listing Manual Section B: Rules of Catalist (?Catalist Rules?). 2 UPDATES ON THE MUSTANG PROJECT 2.1 The Group had, on 22 May 2020, received notices of default and sale (the ?Notices?) from the Trustee Services of Alaska (?Trustee?), at the direction of AIDEA, notifying the Group that AIDEA has elected to sell the Mustang Assets (as defined below) to satisfy the Group?s indebtedness under the AIDEA Loan Agreement to the highest bidder at a public auction. The Notices were first brought to the attention of the Board on the morning of 26 May 2020. The public auction will be held outside the main entrance of the Alaska Court System Building at 1250 Agvik Street Barrow, Alaska 99723 on 31 July 2020. 2.2 The assets subject to the Notices consists of the Gravel Pad, the Mustang Road, as well as all leases held by the Group through its subsidiaries, including Caracol, TPNSD, BRPC, MOC 1 and MRLLC in relation to the Mustang Project (the ?Mustang Assets?). 3 UPDATES ON BUSINESS PLANS 3.1 As mentioned in the announcement by the Company dated 12 May 2020, due to the lack of viability of its existing business, the Group has been looking into the possibilities of diversifying its business (?Business Diversification?) to generate additional revenue streams and has identified an opportunity in the business of education services (?New Business?). 3.2 The Group is currently in negotiations with a potential investor and had, on 3 April 2020, signed a non-binding term sheet with the potential investor for a potential fund-raising exercise to be conducted by the Company. The Company is also in negotiations with the vendors of a potential target in the New Business for a potential acquisition by the Company. 3.3 Further, in connection with the Group?s efforts to diversify its business, the Company has, on 14 May 2020, appointed Mr. Daiji Yamada as an Executive Director of the Company, who is involved in the corporate exercises to be undertaken by the Company, including the potential fund raising and the Business Diversification of the Group. 4 MONTHLY UPDATE PURSUANT TO RULE 704(22) OF THE CATALIST RULES Following the update above and in accordance with Rule 704(22) of the Catalist Rules, the Company will continue to update its shareholders via SGXNet regarding the financial situation of the Company and its subsidiaries. The Company will make further announcements as and when there are material developments. 5 CAUTIONARY STATEMENT Shareholders and potential investors are advised to exercise caution when dealing or trading in the Shares. As at the date of this announcement, there is no certainty or assurance that the fund- raising activities or negotiations with the potential investor and/or the vendors of the potential target in the New Business would be successful. The Company will make the necessary announcements when there are further developments. Shareholders and potential investors are advised to read this announcement and any further announcements by the Company carefully. Shareholders and potential investors should consult their stockbrokers, bank managers, solicitors, accountants, tax advisers or other professional advisers if they have any doubt about the actions they should take. BY ORDER OF THE BOARD ALPHA ENERGY HOLDINGS LIMITED Tan Wee Sin Company Secretary 29 May 2020 This announcement has been prepared by the Company and its contents have been reviewed by the Company?s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the ?Sponsor?) in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) Listing Manual Section B: Rules of Catalist. The Sponsor has also not drawn on any specific technical expertise in its review of this announcement. This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: [email protected]).
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weishent Elite	21-May-2020 09:41        weishent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope and pray. Vested
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Trojan Member	21-May-2020 09:37        Trojan About Contact  Quote this Post!
x 0   x 0  Alert Admin	New deal for idled North Slope oil project in the works By: Elwood Brehmer Alaska Journal of Commerce Post date: Wed, 05/20/2020 - 8:12am A cash-starved North Slope oil project could again have new owners with hopes of resuming production later this year. Majid Jourabchi, CEO of Houston-based Thyssen Petroleum, said May 20 that he is part of a team attempting to buy majority ownership in the long-delayed Mustang oil project from investors in Caracol Petroleum, the primary owner. Alpha Energy, through its subsidiary Caracol, has failed to make good on payment commitments to the Alaska Industrial Development and Export Authority for months. Singapore-based Alpha most recently missed an April 15 deadline to put a $60 million investment into Mustang, according to AIDEA spokesman Karsten Rodvik. The cash infusion into the project was part of a loan agreement the AIDEA board approved changes to in January after Caracol missed its first two quarterly loan payments starting last year. The loan was a modification of AIDEA?s $70 million total investment made in two tranches in 2012 and 2014 in the holding companies set up for the Mustang project?s infrastructure development. Rodvik wrote via email that the current volatility of oil markets has caused additional challenges for the project and the authority is reviewing its alternatives as a creditor to Mustang. The AIDEA board of directors was scheduled to address the project in an executive session during its May 20 meeting. Anchorage-based Brooks Range Petroleum ? jointly owned by Thyssen and Caracol ? operates the project. The current ownership group is the latest in a series of convoluted structures since oil prices first fell in 2014 and funding for the project became scarce. Brooks Range briefly started production from the small field in early November through temporary modular facilities after years of delays brought on by collapsed oil prices and other financing challenges. Alaska Oil and Gas Conservation Commission records show Brooks Range produced an average of 478 barrels of oil over 23 days from the well in November. However, production has been shut in since. The Mustang project is adjacent to the southern portion of ConocoPhillips? large Kuparuk River field and also near the Nanushuk oil project being developed by Oil Search. The field is estimated to hold about 22 million barrels of oil and could peak at production rates of about 12,000 barrels per day when fully developed. Jourabchi, who said he is a shareholder in Alpha and is on the investment firm?s board of directors, said his group has plans to resume work at Mustang in the coming months and restart production late in the year if they are able to buy the project from Caracol and oil prices continue to recover. He declined to provide more information on the situation, saying it could compromise the negotiations. ?We?re trying to bring ownership back to the North Slope,? he said. Alaska North Slope crude is selling for about $30 per barrel and prices are generally starting to recover following the market shocks of the COVID-19 pandemic and the Saudi-Russia price war. Representatives for Alpha and Caracol could not be reached. Elwood Brehmer can be reached at [email protected]. Updated: 05/20/2020 - 8:13am
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halleluyah Supreme	02-May-2020 00:45        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	wow...never seen b4 such a huge loss of USD 96 million plus equivalent to SIN 136,845,635.00....lidat pau bankcrupt wan.... hengonghuat128      ( Date: 01-May-2020 14:22) Posted: Total loss for FY19: USD 96618516. 😱
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Trojan Member	01-May-2020 18:11        Trojan About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.bloomberg.com/news/articles/2020-04-29/trump-said-to-be-briefed-on-emergency-aid-for-oil-industry
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shadow11 Veteran	01-May-2020 17:38        shadow11 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Same as Erza ezion. Become history name liao
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