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Alpha Energy - Looking forward to 6000 BOPD

Gong Xi Fa Cai and enjoy a safe Happy Chinese New Year 🧧

 

Will wait patiently for end of Jan20.
At least there is hope now.

 

Let see if it can reach 0.1 this year hahahaha

 

👍 👍 👍

 

Read the report. There is a paragraph that mentioned this. Final agreement likely end of jan 2020.

AIDEA took a $10.5 million allowance from earnings for Fiscal Year 2019 when Brooks Range failed to meet targets. Other creditors are agreeing to workouts with similar rationales, but thus far not every creditor has come on board, AIDEA acknowledged in its press release. AIDEA and equity holders generally concur that final agreement on these matters is needed by the end of January 2020.

 

Why don?t have announcements

makdatok      ( Date: 18-Jan-2020 18:37) Posted: Good news.Loan from AIDEA (state authority) that resulted in default had been solved....New breeze of life has been given...:))

 

Company's oil in production worth > 1 B USD, much much more than the total loan involved...now that all settle out, guess it is just moving ahead only....

 

Not exactly though. Alpha owns 90% of brpc which agreed to commit us$60m. Where the money come from? Likely another cash call liao.. Unless got placement to strategic investors... At least aida agreed to support....

makdatok      ( Date: 18-Jan-2020 18:37) Posted: Good news.Loan from AIDEA (state authority) that resulted in default had been solved....New breeze of life has been given...:))

 

If it can pump 12000 bpd with profit of 20usd per barrel, the monthly net profit will be usd5. 76mil!
This is only a big IF.

 

Good news.Loan from AIDEA (state authority) that resulted in default had been solved....New breeze of life has been given...:))

 

Now all waiting for the good news from the company

 

Good news with a boost to the company.... with the support, all progress ahead awaiting....

 

I stucked 400k shares at 3.8cts. Hope it will resume soon. Tks for e good news.

 

still got some hope.  Thanks for the link...

Trojan      ( Date: 17-Jan-2020 23:44) Posted: https://mustreadalaska.com/brooks-range-petroleum-gets-new-lease-on-life-from-aidea/

 

https://mustreadalaska.com/brooks-range-petroleum-gets-new-lease-on-life-from-aidea/

 

Wah lau, u noticed har......
If this one go to zero, profit from AEM not enough to cover leh.
Almost entire 2019 effort/profit will be wiped out!

Pikachaimai      ( Date: 14-Jan-2020 10:55) Posted: if i recall correctly u already have profits from AEM .. so this stock actually offset those profits. down but not out is good attitude of yours .. cheers and thumbs up to you pkli899      ( Date: 14-Jan-2020 10:42) Posted: Not that I didn' t read. I went thru their reports/annoucement, way back ones. Yet I missed some important facts. Having said that, there wasn' t any indication they would default on their very first instalment! They kept it very tight. 1 Oct 19 went and no payment made......no announce. Instead, announced oil flow in Nov 19. Thought I saw light at the end of the tunnel, so buy lor....buy, buy, buy.....average down. So, ended up with I think close to 7 m shares. Thanks for your concern. I' m down but not out.....haha

 

if i recall correctly u already have profits from AEM .. so this stock actually offset those profits.
down but not out is good attitude of yours .. cheers and thumbs up to you

pkli899      ( Date: 14-Jan-2020 10:42) Posted: Not that I didn' t read. I went thru their reports/annoucement, way back ones. Yet I missed some important facts. Having said that, there wasn' t any indication they would default on their very first instalment! They kept it very tight. 1 Oct 19 went and no payment made......no announce. Instead, announced oil flow in Nov 19. Thought I saw light at the end of the tunnel, so buy lor....buy, buy, buy.....average down. So, ended up with I think close to 7 m shares. Thanks for your concern. I' m down but not out.....haha. Trader-101      ( Date: 14-Jan-2020 10:31) Posted: wa about more than 200k SGD leh...how to write off sia holy shit...why buy so muc

 

Ya i also got read some, back then before suspension look quite promising, the mood back then was once got confirmed oil everyhting is fine already 
However got oil already then announce default, just looks like a literal fraud to the vested...nvr say concerns beforehand porbably also because to protect previous vested ones as well

pkli899      ( Date: 14-Jan-2020 10:42) Posted: Not that I didn' t read. I went thru their reports/annoucement, way back ones. Yet I missed some important facts. Having said that, there wasn' t any indication they would default on their very first instalment! They kept it very tight. 1 Oct 19 went and no payment made......no announce. Instead, announced oil flow in Nov 19. Thought I saw light at the end of the tunnel, so buy lor....buy, buy, buy.....average down. So, ended up with I think close to 7 m shares. Thanks for your concern. I' m down but not out.....haha. Trader-101      ( Date: 14-Jan-2020 10:31) Posted: wa about more than 200k SGD leh...how to write off sia holy shit...why buy so muc

 

Not that I didn' t read.
I went thru their reports/annoucement, way back ones.
Yet I missed some important facts.
Having said that, there wasn' t any indication they would default on their very first instalment!
They kept it very tight. 1 Oct 19 went and no payment made......no announce.
Instead, announced oil flow in Nov 19.
Thought I saw light at the end of the tunnel, so buy lor....buy, buy, buy.....average down.
So, ended up with I think close to 7 m shares.
Thanks for your concern.
I' m down but not out.....haha.

Trader-101      ( Date: 14-Jan-2020 10:31) Posted: wa about more than 200k SGD leh...how to write off sia holy shit...why buy so much pkli899      ( Date: 14-Jan-2020 10:29) Posted: Please dun remind me.... I dun want to count la..... 6 or 7 m la......

 

This company if not unsuspend itself , it already move up...as nearly ALL the oil penny stocks also moved up..