Alaskan oil field players to take major stake in Alpha Energy through share swop

Singapore

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.