Alpha Energy, an oil and gas production company with operations in Oklahoma, filed on Tuesday with the SEC to raise up to $29 million in a NYSE American uplisting. The company is currently listed on the OTC Pink Open Markets under the symbol "APHE".
In 2022, the company acquired its first working and net revenue interests in Logan County, Oklahoma as well as 34 well bores and related assets and existing production equipment. The project contains proven net reserves (including producing and non-producing) of 827,780 mcf of gas and 92,590 barrels of oil/condensate. Alpha Energy plans to continue to add to its current acreage by acquiring properties in Texas, New Mexico, and Oklahoma.
The Golden, CO-based company was founded in 2013 and plans to list on the NYSE American under the symbol APHE. ThinkEquity is the sole bookrunner on the deal.
