Alpha Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 18, 2022 at 05:46 pm
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Alpha Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net loss was USD 0.394535 million compared to USD 0.267039 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago.
For the six months, net loss was USD 0.770673 million compared to USD 0.496819 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago.
Truleum, Inc. is an independent oil and natural gas producer. The Company is principally seeking to restart, rework and/or recomplete production from historic working interest/net revenue interest sites developed by others who have discontinued their operations due to economic conditions or costs. Its focus of operation is in the Mid-Continent and Rocky Mountain regions. It operates the Logan Project. Its acquired leases comprise approximately 2,080 gross acres of developed and undeveloped proven production in the Cherokee Uplift in central Oklahoma, including 34 well bores. In addition, the Logan Project contains additional probable reserves (all non-producing or undeveloped) of 4,645,290 mcf of gas and 1,429,780 barrels of oil. The Company sells oil and natural gas on the spot market.
TRULEUM, INC. 
