The board of directors of Alpha Energy Holdings Limited refers to the announcements on 11 May 2015, 7 July 2016 and 30 September 2016 in respect to a credit facility executed with ING Capital, LLC and tax credits payable by the Alaskan State Government. The Facility executed in July 2015 matures in September 2017. As the Tax Credit Receivable was not paid by the Alaskan State Government by 30 September 2016, the maturity of the repayment of draws from the Facility in 2015 was adjusted to 31 December 2016. The group has executed a new roll over with ING Capital which adjusts the repayment of the draws to 31 March 2017. The group will continue to discuss with ING Capital for extensions to align repayment with the payment of the Tax Credits Receivable by the Alaskan State Government. New draws on the Facility remain at the discretion of ING Capital and interest payments on the Facility will continue to be capitalised in accordance with the original agreement.