Note 3 - Oil and Gas Property

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Oil and Gas Properties [Text Block]

NOTE

3

– OIL AND GAS PROPERTY

The Company entered into a Letter of Intent with Chicorica, LLC on

December 13, 2018

and extended the agreement effective

April 1, 2019.

Chicorica has developed an oil and gas exploration project in northeastern New Mexico (the“Frostback Project”) that includes several prospective areas and Alpha is interested in exploring in these areas and utilizing Chicorica’s seismic and other data and expertise. The agreement is for

$85,000

with

$10,000

paid on signing the LOI and

$75,000

due by

May 2, 2019.

If the final payment is

not

made by

May 2, 2019,

the Company can extend the agreement through

June 17, 2019

for an additional extension fee of

$10,000.