Alpha Energy, Inc.
APHE
Other OTC5.00
USD
+0.17
- -
CIK
0000855787
ISIN
US02073X1054
CUSIP
02073X105
Return %
Stock
S&P500
1Y
- -
19.01
3Y
5.26
65.49
5Y
17.65
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jay S. Leaver
- Full Time Employees
- 1
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 14143 Denver West Parkway Golden CO United States of America 80401
- IPO Date
- Jul 20, 2017
- CIK
- 0000855787
- Website
- alpha-energy.us
- Similar Companies
- Business
- Alpha Energy, Inc. (OTC: APHE) is an independent exploration and production company that acquires, develops, and operates oil and natural gas properties in the Mid-Continent and Rocky Mountain regions of the United States. The company focuses on restarting, reworking, and recompleting existing well bores using modern technology to enhance production from proven reserves; it holds working interests in key projects including the Logan Project in Logan County, Oklahoma, encompassing approximately 2,080 gross acres in the Cherokee Uplift with 34 well bores targeting the Mississippian and Carmichael zones, of which several produce oil and natural gas sold to local purchasers; the Coral Project in central Oklahoma with 31 well bores; and the Mercury Project in Seminole County, Oklahoma, involving 28 well bores where Alpha Energy operates with a 75% working interest. Incorporated in Colorado in 2013 and headquartered at 14143 Denver West Parkway, Suite 100, Golden, CO, the company targets underdeveloped assets overlooked by larger operators, balancing low-risk development drilling with exploration opportunities in prolific areas such as the Cherokee Platform in Lincoln and Logan Counties, Oklahoma; Battlewagon, Texas; and Rayado, New Mexico. In March 2022, Alpha Energy acquired the Logan Project for $600,000 cash plus a net revenue override; closed on the Coral Project acquisition from Progressive Well Service, LLC, adding 31 producing and non-producing well bores; and entered a definitive agreement for the Mercury Project from various sellers for $750,000 cash, expanding its operational footprint with cash-flowing assets to support uplisting efforts; in July 2023, the company changed its name to Truleum, Inc. and trading symbol to TRLM while maintaining focus on oil and gas operations through its wholly owned subsidiary Alpha Energy Texas Operating, LLC.
TRULEUM EXPANDS HOLDINGS AT LOGAN PROJECT BY 400 ACRES INCREASING BEHIND PIPE RESERVES POTENTIAL
Alpha Energy Inc. Announces Name and Trading Symbol Change