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Alpha Energy - Looking forward to 6000 BOPD

Read some good article in petroleum news.com....

 

Price support level should be 2x (28 for some). if good news then it should go back to 4 which is when oil news was out.
 

 

Typo: Not forgetting*

 

But the main creditor, ING, already agreed to delay repayment to Jun 20.
Doesn' t look wise for creditors to take action now, since cash will eventually be flowing in,
now that oil started flowing. No forgetting 4 more wells coming on stream 1H20.

Pikachaimai      ( Date: 15-Nov-2019 14:09) Posted: Actually what will be transpired is given a clue in their half yearly results ->   http://alphaenergy.listedcompany.com/newsroom/20190814_213358_5TS_EDL6FNR2OAST1UKY.1.pdf In addition, the Group is currently in negotiations with the remaining creditors to restructure the terms of its current payables to improve its liquidity position and has not received any legal demand from the creditors for repayment of the liabilities.  The Group had a negative working capital of approximately US$66.5 million as at 30 June 2019.  should their creditors take into action the loan to be repaid.. this may spell trouble. dyodd

 

Actually what will be transpired is given a clue in their half yearly results ->   http://alphaenergy.listedcompany.com/newsroom/20190814_213358_5TS_EDL6FNR2OAST1UKY.1.pdf

In addition, the Group is currently in negotiations with the remaining creditors to restructure the terms of its current payables to improve its liquidity position and has not received any legal demand from the creditors for repayment of the liabilities.  The Group had a negative working capital of approximately US$66.5 million as at 30 June 2019. 

should their creditors take into action the loan to be repaid.. this may spell trouble. dyodd

 

Ya, max 3 days halt.
If is letter of demand, probably they r trying to resolve before making announcement.
If is takeover, think today should have news liao.

Pikachaimai      ( Date: 15-Nov-2019 13:39) Posted: if your guess is right, and the coy wants to deal with this properly, it may lead to suspension after the long weekend if haven' t unhalt for more than 3 days. So before end monday must unhalt.    Audermas      ( Date: 15-Nov-2019 13:16) Posted: Hearsay - letter of demand (reliable source)

 

Hopfully it's an offering for company....Big investors know all calculation with flowing oil asset!!!!

 

if your guess is right, and the coy wants to deal with this properly, it may lead to suspension after the long weekend if haven' t unhalt for more than 3 days. So before end monday must unhalt. 
 

Audermas      ( Date: 15-Nov-2019 13:16) Posted: Hearsay - letter of demand (reliable source)

 

Take Over Offer coming is it? Just when oil production begin. Offer 0.10?

Justice888      ( Date: 15-Nov-2019 08:42) Posted: Yes in March 2018: SHAREHOLDERS of an Alaskan oil field will take an enlarged 38.2 per cent stake in Alpha Energy Holdings in exchange for injecting their share of the oil field into the Singapore-listed company. In a filing with the Singapore Exchange, Alpha Energy said it will issue 219.7 million new shares to TP Alaska, a subsidiary of Thyssen Petroleum, and Neo Alaska Venture. In exchange, it will receive an additional 29.3 per cent stake in Mustang, which will increase its stake in the oil field to 76.6 per cent from the current 47.3 per cent. kt3152      ( Date: 15-Nov-2019 08:36) Posted: Neo Alaska ventures LLC is the key player and has real interest in Alpha while the trust fund is more interested in making quick money I guess..

 

Letter of demand no need so Long

Audermas      ( Date: 15-Nov-2019 13:16) Posted: Hearsay - letter of demand (reliable source)

 

Agreed. I' ve been saying it.
Need patient for this stock
and holding power required also.

Pikachaimai      ( Date: 15-Nov-2019 13:10) Posted: I noticed some impatience here with regards to this stock and its halt,  If you are day traders and playing contra , its better to go for indices, cause it won' t cause you heart pains of waiting. 15 mins trade can earn IMO, this stock if u want to see high returns you have to wait for the projects to be approved / profits to be annouce / new oil discoveries etc. for real profits lock in. Otherwise you should just stick to MBS or RWS .

 

Hearsay - letter of demand (reliable source)

 

Definitely something very huge.
Either very very good.......big oil find or takeover. (could be one SSH - one Venture LLC)
Or very very bad......involving on going concern of company.
All go pray......Popi, popi.

makdatok      ( Date: 15-Nov-2019 12:56) Posted: Maybe something substantial easywin      ( Date: 15-Nov-2019 12:47) Posted: Why take so long, big issue

 

I noticed some impatience here with regards to this stock and its halt, 
If you are day traders and playing contra , its better to go for indices, cause it won' t cause you heart pains of waiting. 15 mins trade can earn
IMO, this stock if u want to see high returns you have to wait for the projects to be approved / profits to be annouce / new oil discoveries etc. for real profits lock in. Otherwise you should just stick to MBS or RWS . 

 

Maybe something substantial

easywin      ( Date: 15-Nov-2019 12:47) Posted: Why take so long, big issue? makdatok      ( Date: 15-Nov-2019 12:40) Posted: Waiting is torture!

 

Why take so long, big issue?

makdatok      ( Date: 15-Nov-2019 12:40) Posted: Waiting is torture!

 

Waiting is torture!

 

Suspected could be....'.a very attractive asset on hand'....

Jesmar      ( Date: 15-Nov-2019 12:23) Posted: Hmmm...smell like a big change of hand in shareholdings....could it lead to a ' takeover' ?????Let us wait.....

 

Hmmm...smell like a big change of hand in shareholdings....could it lead to a ' takeover' ?????Let us wait.....

 

Halt not lifted......not halt again lar.
The longer it took, the bigger the issue for sure.
Good or bad, keep fingers crossed.
Nothing we can do now.

gravity8888      ( Date: 15-Nov-2019 09:31) Posted: So short period, halt again?? Aiyo