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Alpha Energy - Looking forward to 6000 BOPD Post Reply Rate topic
HendriJB Supreme	18-Feb-2020 14:51        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Good information 👍 pkli899      ( Date: 18-Feb-2020 13:31) Posted: I referred to that particular report. Not saying they didn' t default on other loan. Anyway, ING loan is not comparable to AIDEA' s. And Alpha Energy had reached an agreement with AIDEA to restucture the loan in Jan20. Now is whether other creditors want to come on board to resolve the matter or not. Winding up the company is not advantageous to small creditors. Especially the main creditor is a govt authority. superstartup      ( Date: 18-Feb-2020 12:16) Posted: They defaulted on both la. ING 1s
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pkli899 Supreme	18-Feb-2020 13:31        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I referred to that particular report. Not saying they didn' t default on other loan. Anyway, ING loan is not comparable to AIDEA' s. And Alpha Energy had reached an agreement with AIDEA to restucture the loan in Jan20. Now is whether other creditors want to come on board to resolve the matter or not. Winding up the company is not advantageous to small creditors. Especially the main creditor is a govt authority. superstartup      ( Date: 18-Feb-2020 12:16) Posted: They defaulted on both la. ING 1st pkli899      ( Date: 18-Feb-2020 12:13) Posted: This report got error. Failure to repay loan is not to ING! The loan default is to: Alaska Industrial Development and Export Authority, or AIDEA, their main creditor!
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HendriJB Supreme	18-Feb-2020 12:58        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Now we shall wait and see what happens next? Alpha Energy off to brisk trot on Mustang's first oil WED, NOV 06, 2019 By ANITA GABRIEL (Singapore) LOSS-making Alpha Energy Holdings has finally caught a break. The Catalist-listed firm's core asset, the Mustang well in Alaska's oil-rich North Slope, has struck "first oil" in production as well as sales under an offtake pact with an oil major. Alpha Energy said...
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Audermas Master	18-Feb-2020 12:22        Audermas About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	It actually matters - because the creditor is coming to arrangements with the different debtors. So whatever ING rubbish is just going to worry the people who bought into alpha shares. Hopefully there?s a good arrangement coming up. gravity8888      ( Date: 18-Feb-2020 12:20) Posted: Doesn't matter liao.. Wait for it to unhalt if any
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gravity8888 Supreme	18-Feb-2020 12:20        gravity8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Doesn't matter liao.. Wait for it to unhalt if any
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superstartup Supreme	18-Feb-2020 12:16        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	They defaulted on both la. ING 1st pkli899      ( Date: 18-Feb-2020 12:13) Posted: This report got error. Failure to repay loan is not to ING! The loan default is to: Alaska Industrial Development and Export Authority, or AIDEA, their main creditor!   HendriJB      ( Date: 18-Feb-2020 11:31) Posted: CATALIST-LISTED Alpha Energy called for an immediate trading halt on Monday night over its failure to repay US$3.1 million to ING Capital on Oct 1. The oil exploration and production firm had received a notice from ING Capital on Nov 14 to "accelerate" the firm's indebtedness, due to its failure to make payment of approximately US$3.1 million on Oct 1 and to declare the entire principal sum of all debt owed to ING Capital immediately due and payable, said the firm in a statement. Earlier in May, Alpha Energy had restructured a loan it took from ING Capital in 2015 to fund the 95 per cent of tax credits available to working interest owners of its Mustang oilfield in Alaska. The firm, along with other loan parties ? TP North Slope Development (TPNSD) as borrower and BRPC as operator ? owed ING Capital a loan balance of US$13.3 million as at June 7. Under the agreement, Alpha Energy and TPNSD have to make repayments to ING Capital in quarterly instalments of US$600,000 starting June 15, 2020. This is the second time the loan parties restructured the loan facility, the last being via a term sheet entered in Sept 6, 2018. Its debt to ING Capital had matured on May 1, 2017. Alpha Energy said it is currently engaging in further negotiations with ING Capital which are (sensitive in nature) and involve (key assets) of the firm. To avoid any "irregular movement" in share price and prevent "irregular trading activities that may result from the leakage of any information", the firm has called for the trading of its shares to be suspended with immediate effect.
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pkli899 Supreme	18-Feb-2020 12:15        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, TBT not first time made mistake liao. Just that this time nobody sound them out. Audermas      ( Date: 18-Feb-2020 12:07) Posted: I think u should read all the announcements - businesstimes got it wrong from the announcements by alpha. It?s not that straightforward but I don?t think the lenders in question is ING.. HendriJB      ( Date: 18-Feb-2020 11:31) Posted: CATALIST-LISTED Alpha Energy called for an immediate trading halt on Monday night over its failure to repay US$3.1 million to ING Capital on Oct 1. The oil exploration and production firm had received a notice from ING Capital on Nov 14 to "accelerate" the firm's indebtedness, due to its failure to make payment of approximately US$3.1 million on Oct 1 and to declare the entire principal sum of all debt owed to ING Capital immediately due and payable, said the firm in a statement. Earlier in May, Alpha Energy had restructured a loan it took from ING Capital in 2015 to fund the 95 per cent of tax credits available to working interest owners of its Mustang oilfield in Alaska. The firm, along with other loan parties ? TP North Slope Development (TPNSD) as borrower and BRPC as operator ? owed ING Capital a loan balance of US$13.3 million as at June 7. Under the agreement, Alpha Energy and TPNSD have to make repayments to ING Capital in quarterly instalments of US$600,000 starting June 15, 2020. This is the second time the loan parties restructured the loan facility, the last being via a term sheet entered in Sept 6, 2018. Its debt to ING Capital had matured on May 1, 2017. Alpha Energy said it is currently engaging in further negotiations with ING Capital which are (sensitive in nature) and involve (key assets) of the firm. To avoid any "irregular movement" in share price and prevent "irregular trading activities that may result from the leakage of any information", the firm has called for the trading of its shares to be suspended with immediate effect.
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pkli899 Supreme	18-Feb-2020 12:13        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This report got error. Failure to repay loan is not to ING! The loan default is to: Alaska Industrial Development and Export Authority, or AIDEA, their main creditor!   HendriJB      ( Date: 18-Feb-2020 11:31) Posted: CATALIST-LISTED Alpha Energy called for an immediate trading halt on Monday night over its failure to repay US$3.1 million to ING Capital on Oct 1. The oil exploration and production firm had received a notice from ING Capital on Nov 14 to "accelerate" the firm's indebtedness, due to its failure to make payment of approximately US$3.1 million on Oct 1 and to declare the entire principal sum of all debt owed to ING Capital immediately due and payable, said the firm in a statement. Earlier in May, Alpha Energy had restructured a loan it took from ING Capital in 2015 to fund the 95 per cent of tax credits available to working interest owners of its Mustang oilfield in Alaska. The firm, along with other loan parties ? TP North Slope Development (TPNSD) as borrower and BRPC as operator ? owed ING Capital a loan balance of US$13.3 million as at June 7. Under the agreement, Alpha Energy and TPNSD have to make repayments to ING Capital in quarterly instalments of US$600,000 starting June 15, 2020. This is the second time the loan parties restructured the loan facility, the last being via a term sheet entered in Sept 6, 2018. Its debt to ING Capital had matured on May 1, 2017. Alpha Energy said it is currently engaging in further negotiations with ING Capital which are (sensitive in nature) and involve (key assets) of the firm. To avoid any "irregular movement" in share price and prevent "irregular trading activities that may result from the leakage of any information", the firm has called for the trading of its shares to be suspended with immediate effect.
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Audermas Master	18-Feb-2020 12:07        Audermas About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	I think u should read all the announcements - businesstimes got it wrong from the announcements by alpha. It?s not that straightforward but I don?t think the lenders in question is ING.. HendriJB      ( Date: 18-Feb-2020 11:31) Posted: CATALIST-LISTED Alpha Energy called for an immediate trading halt on Monday night over its failure to repay US$3.1 million to ING Capital on Oct 1. The oil exploration and production firm had received a notice from ING Capital on Nov 14 to "accelerate" the firm's indebtedness, due to its failure to make payment of approximately US$3.1 million on Oct 1 and to declare the entire principal sum of all debt owed to ING Capital immediately due and payable, said the firm in a statement. Earlier in May, Alpha Energy had restructured a loan it took from ING Capital in 2015 to fund the 95 per cent of tax credits available to working interest owners of its Mustang oilfield in Alaska. The firm, along with other loan parties ? TP North Slope Development (TPNSD) as borrower and BRPC as operator ? owed ING Capital a loan balance of US$13.3 million as at June 7. Under the agreement, Alpha Energy and TPNSD have to make repayments to ING Capital in quarterly instalments of US$600,000 starting June 15, 2020. This is the second time the loan parties restructured the loan facility, the last being via a term sheet entered in Sept 6, 2018. Its debt to ING Capital had matured on May 1, 2017. Alpha Energy said it is currently engaging in further negotiations with ING Capital which are (sensitive in nature) and involve (key assets) of the firm. To avoid any "irregular movement" in share price and prevent "irregular trading activities that may result from the leakage of any information", the firm has called for the trading of its shares to be suspended with immediate effect.
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HendriJB Supreme	18-Feb-2020 11:31        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	CATALIST-LISTED Alpha Energy called for an immediate trading halt on Monday night over its failure to repay US$3.1 million to ING Capital on Oct 1. The oil exploration and production firm had received a notice from ING Capital on Nov 14 to "accelerate" the firm's indebtedness, due to its failure to make payment of approximately US$3.1 million on Oct 1 and to declare the entire principal sum of all debt owed to ING Capital immediately due and payable, said the firm in a statement. Earlier in May, Alpha Energy had restructured a loan it took from ING Capital in 2015 to fund the 95 per cent of tax credits available to working interest owners of its Mustang oilfield in Alaska. The firm, along with other loan parties ? TP North Slope Development (TPNSD) as borrower and BRPC as operator ? owed ING Capital a loan balance of US$13.3 million as at June 7. Under the agreement, Alpha Energy and TPNSD have to make repayments to ING Capital in quarterly instalments of US$600,000 starting June 15, 2020. This is the second time the loan parties restructured the loan facility, the last being via a term sheet entered in Sept 6, 2018. Its debt to ING Capital had matured on May 1, 2017. Alpha Energy said it is currently engaging in further negotiations with ING Capital which are (sensitive in nature) and involve (key assets) of the firm. To avoid any "irregular movement" in share price and prevent "irregular trading activities that may result from the leakage of any information", the firm has called for the trading of its shares to be suspended with immediate effect.
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superstartup Supreme	18-Feb-2020 11:27        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	I can confirm too. There is a loan with ING and around the stated amount. HendriJB      ( Date: 18-Feb-2020 11:26) Posted: Hi Audermas, please read this link ... 10 Jun 2019 · CATALIST-LISTED Alpha Energy is restructuring a loan it took from ING Capital in 2015 to fund the 95 per cent of tax credits available ... 👉 https://www.businesstimes.com.sg/companies-markets/alpha-energy-restructures-ing-loan-to-repay-us133m-loan-balance-in-instalments?amp Audermas      ( Date: 18-Feb-2020 10:19) Posted: The loan not even with ING leh.
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HendriJB Supreme	18-Feb-2020 11:26        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Hi Audermas, please read this link ... 10 Jun 2019 · CATALIST-LISTED Alpha Energy is restructuring a loan it took from ING Capital in 2015 to fund the 95 per cent of tax credits available ... 👉 https://www.businesstimes.com.sg/companies-markets/alpha-energy-restructures-ing-loan-to-repay-us133m-loan-balance-in-instalments?amp Audermas      ( Date: 18-Feb-2020 10:19) Posted: The loan not even with ING leh.. HendriJB      ( Date: 18-Feb-2020 09:39) Posted: Looks like ING going to reprocess Alpha Energy Assets as the company been defaulting on their small $13m loan since year 2015.
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Audermas Master	18-Feb-2020 10:19        Audermas About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	The loan not even with ING leh.. HendriJB      ( Date: 18-Feb-2020 09:39) Posted: Looks like ING going to reprocess Alpha Energy Assets as the company been defaulting on their small $13m loan since year 2015.
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HendriJB Supreme	18-Feb-2020 10:08        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	From a banker in cimb pkli899      ( Date: 18-Feb-2020 09:42) Posted: Where u got the news? HendriJB      ( Date: 18-Feb-2020 09:39) Posted: Looks like ING going to reprocess Alpha Energy Assets as the company been defaulting on their small $13m loan since year 2015.
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pkli899 Supreme	18-Feb-2020 09:42        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where u got the news? HendriJB      ( Date: 18-Feb-2020 09:39) Posted: Looks like ING going to reprocess Alpha Energy Assets as the company been defaulting on their small $13m loan since year 2015.
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HendriJB Supreme	18-Feb-2020 09:39        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Looks like ING going to reprocess Alpha Energy Assets as the company been defaulting on their small $13m loan since year 2015.
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HendriJB Supreme	12-Feb-2020 16:11        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Maybe gravity8888      ( Date: 12-Feb-2020 14:28) Posted: Maybe the new company got other shareholders in it?
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gravity8888 Supreme	12-Feb-2020 14:28        gravity8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe the new company got other shareholders in it?
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embracez Senior	12-Feb-2020 14:22        embracez About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wondering what are trying to do
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pkli899 Supreme	12-Feb-2020 14:09        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This I dunno.  Only know same person owned. HendriJB      ( Date: 12-Feb-2020 13:50) Posted: Close one Company, and open another Company? pkli899      ( Date: 12-Feb-2020 13:45) Posted: Actually, same owner. From one company transferred to another only
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