(Note: This is NOT an IPO. This is an NYSE-American uplisting from the OTC Pink Marketplace.) 

We are an independent oil and natural gas producer. (Incorporated in Colorado)

Our goal is to acquire and develop existing crude oil and natural gas properties. We use existing and new equipment to restart, rework and/or recomplete production sites. Our core focus of operation is in the Mid-Continent and Rocky Mountain regions.

During March 2022, we acquired percentage working interests and net revenue interests in leases located in Logan County, Oklahoma (the “Logan Project”), as well as 34 well bores and related assets and existing production equipment. A working capital interest represents the percentage of costs that we are obligated to pay and net revenue interest represents the percentage of revenue that we will earn from production. In most cases we are responsible for 100% of the working interest and are entitled to receive between 75% and 78% of the production revenue from the Logan Project, with the remainder going to the lessor as an overriding royalty interest per standard oil and natural gas lease terms in this area. The purchase price for the Logan Project consisted of $600,000 cash plus 3% of the net revenue from new wells drilled until the Seller receives $350,000.00. The acquired leases comprise approximately 2,080 gross acres of developed and undeveloped proven production in the Cherokee Uplift in central Oklahoma, including 34 well bores. Several of the bores are currently producing and we are selling oil and natural gas to local purchasers.

Our strategy is to acquire and develop properties we can restart, rework, and/or recomplete which also have proven un-drilled potential to produce oil and natural gas. In this manner, we target acquiring existing infrastructure where there has been historic operations. Deployment of current modern technology in previously undeveloped or underdeveloped areas for production is also part of our strategy in order to enhance the value of acquired properties. We are currently modernizing our operations at the Logan Project and restarting, reworking and/or recompleting certain of the existing wells.

We intend to use the proceeds from the offering principally to make new acquisitions and restart, rework and/or recomplete wells at the Logan Project and to acquire and develop new locations. Our management possess many years of experience and knowledge of the oil and natural gas industry and believes that there are an abundance of additional acquisition candidates where historic operations were suspended during downturns in the market or where assets were foreclosed by lenders. Management believes that these properties have largely been overlooked by larger companies. In the process of identifying new acquisition prospects, we will utilize the expertise of our team and outsource to contract engineering firms the reviews needed to evaluate and develop new prospects.

(Note: Alpha Energy, Inc. filed its S-1 for its public offering/NYSE-American uplisting on Feb. 14, 2023.)