Alpine Summit Energy Partners Inc

Alpine Summit Energy Partners, Inc. is an energy developer and financial company that focuses on maximizing growth and return on equity via improved access to wellhead economics. It operates an inverted business model relative to industry convention, with a capital velocity strategy focused on drilling rather than land inventory. The firm focuses its drilling activity on the Austin Chalk and Eagle Ford formations in the Giddings Field, an acreage location in Texas which has produced substantial amounts of oil and gas. The Austin Chalk directly overlies the oil sourcing Eagle Ford formation. The company was founded by Craig William Perry on July 30, 2008 and is headquartered in Nashville, TN.

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Alpine Summit Energy (NASDAQ: ALPS ) stock is falling on Friday after the energy development company filed for Chapter 11 bankruptcy protection. According to the company's press release, it chose to voluntarily file for Chapter 11 bankruptcy protection after exploring its strategic alternatives.

Why Is Alpine Summit Energy (ALPS) Stock Down 4% Today?

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - July 6, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) and certain affiliates and related companies ("Alpine Summit", the "Company", or the "Debtors") today announced that, after evaluating a variety of strategic alternatives, it has filed for voluntary chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the "Bankruptcy Court") and intends to conduct a sale of its assets pursuant to Section 363 of the U.S. Bankruptcy Code. The Company entered Chapter 11 with a commitment for $15.5 million in debtor-in-possession ("DIP") financing, provided by its existing bank group, to support its operations during the sale and reorganization process (the "Chapter 11 Process").

Alpine Commences Voluntary Chapter 11 Process

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 21, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that its Board of Directors unanimously voted to conclude its previously announced asset sale process, which was being conducted by Stephens Inc. ("Stephens"). Beginning on March 8, 2023, Stephens broadly solicited expressions of interest in a sale of various strategic, highly productive assets recently developed and proven by the Company.

Alpine Announces Status of Sale Process

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - June 2, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that Agenia Clark has resigned from its Board of Directors ("Board") effective June 2, 2023. Eugene Davis has been appointed as a member of the Board to fill the vacancy created by Ms.

Alpine Summit Energy Partners Announces Changes to Its Board of Directors

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that it issued 19,494,709 Class A subordinate voting shares ("Subordinate Voting Shares") of the Company upon the redemption (the "Redemption") by a majority of the holders of Class B non-voting units of ("Units") of HB2 Origination, LLC ("Origination"), a subsidiary of Alpine Summit. An additional 15,947 Subordinate Voting Shares were issued in connection with the mandatory conversion of the outstanding Class C proportionate voting shares ("Proportionate Voting Shares") as a result of the Redemption.

Alpine Summit Energy Partners Announces Issuance of Subordinate Voting Shares

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 26, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that shareholders approved all proposals put forth at the Company's Annual General Meeting of Shareholders (the "Meeting") held on May 25, 2023, including the re-election of all five directors of the Company, amendments to the Company's Deferred Share Unit Plan, and the reappointment of Weaver and Tidwell, LLP, as the independent registered public accounting firm of the Company. Detailed results of the proposals considered at the Meeting are disclosed in the Report of Voting Results filed under the Company's profile on SEDAR at www.sedar.com and in the Form 8-K filed under the Company's profile on EDGAR at www.sec.gov/edgar.

Alpine Summit Energy Partners Announces Results of AGM

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 18, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that it received relief of a Force Majeure notice from its major midstream partner in South Texas which began on April 13, 2023. The notice specified that conditions were restored and operations had returned to normal as of May 15, 2023.

Alpine Summit Energy Partners Announces Notice of Lifting of Force Majeure at South Texas Operations

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 15, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2023. Alpine Summit's unaudited condensed consolidated financial statements and notes, as well as management's discussion and analysis (the "MD&A") and its Quarterly Report on Form 10-Q for the three months ended March 31, 2023 will be available under the Company's issuer profile at www.sedar.com and www.sec.gov/edgar, as well as on the Company's website at www.alpinesummitenergy.com.

Alpine Summit Energy Partners Announces First Quarter 2023 Financial and Operating Results

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that it received notice of a "force majeure" from its major midstream provider in South Texas which began on April 13, 2023 and continues to restrict production. The force majeure event is attributed to unplanned outages at facilities downstream of the system, with the result that capacity on the system has been limited and the Company's allocated volumes in that area have been reduced by approximately 70%.

Alpine Summit Energy Partners Announces Notice of Force Majeure at South Texas Operations

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - April 21, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that Chris Nilan has resigned as Senior Managing Director of Capital Markets, effective April 21, 2023, to pursue a new employment opportunity in commercial real estate finance. Craig Perry, Chief Executive Officer of the Company, commented: "We would like to thank Chris for his extensive contributions to our Company over the past two years and wish him the best in his new pursuits.

Alpine Summit Energy Partners Announces Officer Departure

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the year ended December 31, 2022. Alpine Summit's audited consolidated financial statements and notes, as well as management's discussion and analysis (the "MD&A") and its Annual Report on Form 10-K for the year ended December 31, 2022 will be available under the Company's issuer profile at "www.sedar.com" and "www.sec.gov/edgar", as well as on the Company's website at "www.alpinesummitenergy.com".

Alpine Summit Energy Partners Announces Full Year 2022 Financial and Operating Results

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 8, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced the hiring of Stephens Inc. as its financial advisor to pursue an asset sale for various strategic, high producing assets recently developed and proven by the Company. Proceeds of such sale are expected to retire existing liabilities as well as place additional capital on the Company's balance sheet.

Alpine Summit Energy Partners Announces Engagement of Stephens Inc.

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that Darren Tangen has resigned from its Board of Directors ("Board"), including its Compensation, Audit and Operations and Reserves Committees, effective March 2, 2023. Mr. Tangen accepted a new employment opportunity that precludes his participation on the Board.

Alpine Summit Energy Partners Announces Director Resignation

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to provide an operational update before it reports its full year financial results, which it expects to do in late March 2023. All amounts are expressed in U.S. dollars unless otherwise stated.

Alpine Summit Energy Partners Provides Operational Update

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") today announced that the Board of Directors is commencing a strategic review of its assets. The Company seeks to facilitate a timely and orderly response to unsolicited inquiries by other upstream oil and gas companies who have expressed interest in acquiring various assets of the Company.

Alpine Summit Energy Partners Announces Strategic Review of Assets

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 3, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that it has completed the previously announced (on January 20, 2023) exercise by six partners of the put right provided by the Company's fifth development partnership ("DP5").

Alpine Summit Energy Partners Announces Closing of Development Partnership Put Right

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - February 1, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.0315 per subordinate voting share for the month of February 2023.

Alpine Summit Energy Partners Announces February 2023 Dividend

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - January 20, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce the successful repayment and reversion of its fifth development partnership ("DP5") that it formed during the second quarter of 2022, along with the concurrent closing of its seventh development partnership ("DP7").

Alpine Summit Energy Partners Announces Repayment of Fifth Development Partnership and Closing of Seventh Development Partnership

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - January 3, 2023) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.0315 per subordinate voting share for the month of January 2023.

Alpine Summit Energy Partners Announces January 2023 Dividend

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - December 13, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that Alpine Summit's Board of Directors has approved the Company's capital return program for 2023, which consists of i) increasing the existing monthly dividend by 5% and ii) continuing the share buyback program under the previously announced and approved normal course issuer bid.

Alpine Summit Energy Partners Announces Increased Dividend Policy for 2023

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) -  Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of December 2022.

Alpine Summit Energy Partners Announces December 2022 Dividend and Closing of Development Partnership Put Right

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - November 15, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2022 ("Q3 2022"). All amounts expressed in U.S. dollars unless otherwise stated.

Alpine Summit Energy Partners Announces Third Quarter 2022 Financial and Operating Results

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - November 10, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce the successful repayment and reversion of the Red Dawn 1 development partnership ("Red Dawn 1") that it formed during the first quarter of 2022, along with the concurrent closing of Red Dawn 2 development partnership ("Red Dawn 2").

Alpine Summit Energy Partners Announces Repayment of Red Dawn 1 Development Partnership and Closing of Red Dawn 2 Development Partnership

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - November 1, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce that, in accordance with its current monthly dividend policy, the Board of Directors of the Company has declared a dividend of US$0.03 per subordinate voting share for the month of November 2022.

Alpine Summit Energy Partners Announces November 2022 Dividend

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - October 4, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (NASDAQ: ALPS) ("Alpine Summit" or the "Company") is pleased to announce the successful expansion of the existing corporate credit facility (the "Facility") of its operating subsidiary, HB2 Origination, LLC. The Facility, which originally had a total size of USD$30 million (as announced on March 14, 2022), is led by Bank7 Corp.

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