The company is currently unlisted and owns a number of interests in the Caribbean basin, and with growing interest in the region it is set to join the market later this year.
�There is ample evidence that the oil reserves underneath the Caribbean Basin are on a similar scale to those of the Persian Gulf, the Red Sea and the Gulf of Aden combined, and that they contain three thousand times as much natural gas than oil,� says Michael Whirson Chief Executive Officer of Alpha Oil �Interest in the basin is strong and Alpha Oil is in a prime position.�
Headquartered in Dominica and established in 1990: Alpha oil is an exploration management and Operations Company engaged in negotiating and managing Production Sharing Contracts (PSCs) for petroleum and other natural resources.
In accordance with �Guidance Note for Mining, Oil and Gas Companies� the information contained in this announcement has been reviewed and approved by Dexter Munro, Operations Director of Alpha Oil who is a Petroleum Engineer and a member of the Society of Petroleum Engineers.
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