Alpha DX   

Alpha Energy - Looking forward to 6000 BOPD

So short period, halt again?? Aiyo

 

No news released yet. How to resume trading. When trading resume, if no good news, force selling will force prices down first.

huathuathuat888      ( Date: 15-Nov-2019 08:49) Posted: so i guess they wont be trading today too?

 

Hopefully Bart buy up more percentage....

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..

 

so i guess they wont be trading today too? 

 

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... Justice888      ( Date: 15-Nov-2019 08:01) Posted: You forgot to mention got one major shareholder Neo Alaska ventures LLC increase shareholding through married deal. 25,787,59 shares. Transaction took place on 6th Nov..

 

Going to chiong up 38

 

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...

Justice888      ( Date: 15-Nov-2019 08:01) Posted: You forgot to mention got one major shareholder Neo Alaska ventures LLC increase shareholding through married deal. 25,787,59 shares. Transaction took place on 6th Nov... Pikachaimai      ( Date: 15-Nov-2019 07:35) Posted: Since we are all in this gesture of guessing, lets lay out some cards 1) before alpha went beyond 3x, it was at 2x range before oil found news 2) after trade reopen when news is out it went up a brief moment 4x then back down within few days to 32 3) SSH has been selling since then. all other buyers are retailers IMO. So lets watch the action when it gets unhalt, my guess will be floating back down to 2x range. That' s probably the range retailers want to considering putting in the money. Otherwise wait for it to go back up to 4 and trade range around for safer entry. just my 2 cents. Each has their own expectations so dyodd

 

Wow!! Got 5.5mil share blocking at 5ct.. if open up hosei liao la!

 

You forgot to mention got one major shareholder Neo Alaska ventures LLC increase shareholding through married deal. 25,787,59 shares. Transaction took place on 6th Nov...

Pikachaimai      ( Date: 15-Nov-2019 07:35) Posted: Since we are all in this gesture of guessing, lets lay out some cards 1) before alpha went beyond 3x, it was at 2x range before oil found news 2) after trade reopen when news is out it went up a brief moment 4x then back down within few days to 32 3) SSH has been selling since then. all other buyers are retailers IMO. So lets watch the action when it gets unhalt, my guess will be floating back down to 2x range. That' s probably the range retailers want to considering putting in the money. Otherwise wait for it to go back up to 4 and trade range around for safer entry. just my 2 cents. Each has their own expectations so dyodd

 

Since we are all in this gesture of guessing, lets lay out some cards
1) before alpha went beyond 3x, it was at 2x range before oil found news
2) after trade reopen when news is out it went up a brief moment 4x then back down within few days to 32
3) SSH has been selling since then. all other buyers are retailers IMO.

So lets watch the action when it gets unhalt, my guess will be floating back down to 2x range. That' s probably the range retailers want to considering putting in the money. Otherwise wait for it to go back up to 4 and trade range around for safer entry. just my 2 cents.
Each has their own expectations so dyodd

 

Trading halt may have something to do with Ezion stake since they ve been selling things past couple of weeks. Just a guess & wait.....

 

👍

pkli899      ( Date: 14-Nov-2019 23:26) Posted: Incidentially, Brent crude just broke through 63 USD!

 

Incidentially, Brent crude just broke through 63 USD!

 

The longer the halt, the higher chance of complicating issue that require
tedious process and legal guidance. Can it be something involving financial transaction?
Perhaps a hostile takeover?
Pure guessing only....hehe.

 

Ya, why take so long?

 

Then the statement shld be very simple. Why halt so long

Huatsweeswee      ( Date: 14-Nov-2019 18:47) Posted: 😍

 

😍

 

May be Alpha Energy Found on Mustang's second oil 😊

 

Dun think so, rights issue didn' t raised that much, if remembered correctly.

kt3152      ( Date: 14-Nov-2019 15:04) Posted: This was announced in May in SGX and I don' t see any updates on this. Overtaken by the rights issue? Anyone know??? The board of directors (the &ldquo Directors&rdquo or the &ldquo Board&rdquo ) of Alpha Energy Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce that the Company had on 14 May 2019 entered into a non-binding term sheet (&ldquo Term Sheet&rdquo ) with Nabors Drilling Technologies USA d/b/a Ramshorn Investment (&ldquo Nabors&rdquo ) for: (a) the settlement of outstanding balances owing by the Group to Nabors amounting to (i) US$15 million in relation to the fixed second tranche payment of the acquisition cost of the Mustang Field working interest (&ldquo WI&rdquo ), (ii) trade payables of US$11 million, and (iii) contingent payment of US$12 million, and (b) acquisition of 6.0786% WI ownership and 1.535% overriding royalty interest ownership in the Mustang Field from Nabors, in exchange for a US$27 million secured note.

 

This was announced in May in SGX and I don' t see any updates on this. Overtaken by the rights issue? Anyone know???

The board of directors (the &ldquo Directors&rdquo or the &ldquo Board&rdquo ) of Alpha Energy Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce that the Company had on 14 May 2019 entered into a non-binding term sheet (&ldquo Term Sheet&rdquo ) with Nabors Drilling Technologies USA d/b/a Ramshorn Investment (&ldquo Nabors&rdquo ) for:

(a) the settlement of outstanding balances owing by the Group to Nabors amounting to

(i) US$15 million in relation to the fixed second tranche payment of the acquisition cost of the Mustang Field working interest (&ldquo WI&rdquo ),
(ii) trade payables of US$11 million, and
(iii) contingent payment of US$12 million, and (b) acquisition of 6.0786% WI ownership and 1.535% overriding royalty interest ownership in the Mustang Field from Nabors, in exchange for a US$27 million secured note.