Alpha Petroleum Exploration Inactive 10-Q2007 Q1 Quarterly report

Filed: 13 Sep 07, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	6th grade Avg

New words: accelerated, ANNUAL, Blvd, certification, CONDITION, defined, FEE, filer, Jr, large, liquidity, minimal, North, result, Rule, shell, Similarly, Tampa, UNAUDITED, virtually, Westshore

Removed: accepted, accompanying, account, accounted, accounting, accrued, acquired, adjusted, advancing, Alpha, amount, applied, apply, approximately, April, asset, assurance, Atoka, attributable, audit, audited, average, balance, based, Benex, branch, carried, carry, carrying, cash, Commission, compensate, compensation, connection, consolidated, contingent, contingently, Corporation, cost, County, date, debt, deductible, default, deferred, development, diluted, dilution, disclosure, discussed, Drumore, effect, effort, eliminated, enacted, Entertainment, equity, equivalent, ESP, established, establishment, estimate, event, existing, expected, expire, Exploration, fail, fair, financing, Finnish, Fruit, fully, future, gas, generally, generate, group, include, incorporated, incurred, independent, industry, information, Initiate, intercompany, interest, international, invested, investigating, investment, Journey, knowledge, legal, liable, limited, LinuxCE, market, measured, method, Nature, net, offering, oil, Oklahoma, operating, opinion, order, Organization, paid, partially, pay, payable, Petroleum, placement, plan, Polo, practicable, presented, presenting, previously, primarily, prime, private, production, promissory, publicly, rate, recognized, record, recovered, reflected, reinstate, reinstatement, related, representation, retained, reverse, reviewed, SEC, service, settled, share, sheet, shown, significant, split, stage, State, statement, Subsequent, subsidiary, sufficient, summary, support, Tamiami, tax, taxable, technology, temporary, time, Trail, uncertainty, unused, utilize, valuation, Wash, weighted, year, York

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Alpha Petroleum Exploration similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q


þ		ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended December 31, 2006.


o		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

Commission file number 0-9563

ALPHA PETROLEUM EXPLORATION CORPORATION

(Exact Name of Registrant as Specified in Its Charter)


New York		23-2090563

(State or Other Jurisdiction of Incorporation or Organization)		(IRS Employer I.D. No.)

1211 North Westshore Blvd., Suite 511, Tampa, FL 33607

Address of Principal Executive Offices Including Zip Code

Registrant’s telephone number including area code: (813) 289-0500.
Securities registered pursuant to Section 12(b) of the Exchange Act:None.

Securities registered pursuant to Section 12(g) of the Exchange Act:Common Stock.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o No þ.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o Accelerated filer o Non-accelerated filer þ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes þ No o

As of December 31, 2006,1,399,912 shares of Common Stock, $0.01 par value, were outstanding.

TABLE OF CONTENTS


PART ONE
	ITEM 1. FINANCIAL STATEMENTS.
	ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
PART TWO
	ITEM 1. LEGAL PROCEEDINGS.
	ITEM 2. CHANGES IN SECURITIES.
	ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
	ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
	ITEM 5. OTHER INFORMATION.
	ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
EX-31.1 SECTION 302 CERTIFICATION OF THE CEO&CFO
EX-32.1 SECTION 906 CERTIFICATION OF THE CEO&CFO

PART ONE

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

Reference is made to the quarterly Financial Statements attached hereto.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Results of Operations

As the Company has been inactive since 1988, the Company has had no revenue or any other type of income since 1988. Similarly, the Company has had minimal general and administrative expenses since 1988. During the quarter ended December 31, 2006, the Company engaged in virtually no business activity.

Liquidity and Capital Resources

There are no known trends or known demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in the Company’s liquidity increasing or decreasing in any material way.

The Company does not have any material commitments for capital expenditures.

PART TWO

OTHER INFORMATION

ITEM 1.LEGAL PROCEEDINGS.

None.

ITEM 2. CHANGES IN SECURITIES.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Financial Statements: Attached hereto

(b) Reports on Form 8-K: None

31.1 Certification pursuant to Rule 13a-14(a)

32.1 Certification pursuant to 18 U.S.C. §1350

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	ALPHA PETROLEUM EXPLORATION CORPORATION
	By:	/s/ Roland M. Jermyn, Jr.
		Roland M. Jermyn, Jr., President

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company in the capacities and on the dates so indicated.



/s/ Roland M. Jermyn, Jr.			September 1, 2007.
Roland M. Jermyn, Jr., Director
Principal Executive Officer, and Principal Financial Officer

ALPHA PETROLEUM EXPLORATION CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)


	3 months ended
	31-Dec-06			31-Dec-05

Cash flows from operating activities

Net loss	$	(35	)	$	(24	)

Adjustments to reconcile net loss to net cash provided by operating activities
Changes in operating assets and liabilities
Accounts payable		—			—
Increase in interest payable		—			—
Increase in tax liability		35			24


Net cash used in operating activities		—			—

Cash flows from financing activities Loan from shareholders					—



Net cash provided by financing activities		—			—


Net increase in cash		—			—
Cash, beginning of period		1,100			1,100

Cash, end of period	$	1,100		$	1,100


Supplemental disclosures of cash flow information

Cash paid during the periods for
Interest	$	—		$	—


Taxes	$	—		$	—

ALPHA PETROLEUM EXPLORATION CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)


	3 months ended
	31-Dec-06			31-Dec-05
Revenue	$	—		$	—

General and administrative expenses

Loss from Operations		—			—

Other income (expense)
Interest Expense Tax interest and penalties		(35	)		(24	)

		(35	)		(24	)

NET LOSS	$	(35	)	$	(24	)


Weighted average number of shares outstanding		1,399,912			1,399,912


Loss per share	$	(0.00	)	$	(0.00	)

ALPHA PETROLEUM EXPLORATION CORPORATION
CONSOLIDATED BALANCE SHEET
December 31, 2006
(.UNAUDITED)


ASSETS
Current Assets
Cash	$	1,100

Total Current Assets		1,100


	$	1,100


LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities
Accounts Payable	$	44,574
New York State Tax Liability		1,417

Total Current Liabilities		45,991

Stockholders’ Deficiency
Common stock, par value $.01 authorized, 40,000,000 shares; issued and outstanding, 1,399,912 shares		13,999
Additional paid-in-capital		7,175,116
Accumulated deficit		(7,234,006	)

		(44,891	)

	$	1,100

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.

Alpha Petroleum Exploration Inactive 10-Q2007 Q1 Quarterly report

Content analysis

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents