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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, DC 20549
 FORM 10-Q
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
 For the quarterly period ended March 31, 2007.
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (NO
FEE REQUIRED)
 Commission file number 0-9563
 ALPHA PETROLEUM EXPLORATION CORPORATION
  New York
    
    23-2090563(State or Other Jurisdiction of 
Incorporation or Organization)
    
    (IRS Employer I.D. No.)
 1211 North Westshore Blvd., Suite 511, Tampa, FL 33607
 
 None.
 Common Stock
 o þ
  o o þ
 þ o




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TABLE OF CONTENTS  PART ONEITEM 1. FINANCIAL STATEMENTS.ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.PART TWOITEM 1. LEGAL PROCEEDINGS.ITEM 2. CHANGES IN SECURITIES.ITEM 3. DEFAULTS UPON SENIOR SECURITIES.ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.ITEM 5. OTHER INFORMATION.ITEM 6. EXHIBITS AND REPORTS ON FORM 8-KSIGNATURESEX-31.1  SECTION 302 CERTIFICATION OF THE CEO&CFOEX-32.1  SECTION 906 CERTIFICATION OF THE CEO&CFO    Table of Contents  
 PART ONE
 FINANCIAL INFORMATION
 
 ITEM 1. FINANCIAL STATEMENTS.
  
 ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
 Results of Operations
  Liquidity and Capital Resources
   2




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PART TWO
 OTHER INFORMATION
 
 ITEM 1 LEGAL PROCEEDINGS.
  
 ITEM 2. CHANGES IN SECURITIES.
  
 ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
  
 ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
  
 ITEM 5. OTHER INFORMATION.
  
 ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
 (a)
    
    Financial Statements: Attached hereto(b)
    
    Reports on Form 8-K: None31.1
    
    Certification pursuant to Rule 13a-14(a)32.1
    
    Certification pursuant to 18 U.S.C. §1350
 3




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SIGNATURES
  ALPHA PETROLEUM EXPLORATION CORPORATIONBy:
    /s/ Roland M. Jermyn, Jr.Roland M. Jermyn, Jr., President  /s/ Roland M. Jermyn, Jr.
    
    September 1, 2007.Roland M. Jermyn, Jr., DirectorPrincipal Executive Officer, and
Principal Financial Officer 4




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6 months ended30-Mar-07
    
    31-Mar-06Cash flows from operating activitiesNet loss
    
    $
    (170
    )
    
    $
    (149
    )Adjustments to reconcile net loss to net
cash provided by operating activitiesChanges in operating assets and
liabilitiesAccounts payable
    
    
    
    
    
    
    Increase in
interest payable
    
    
    
    
    
    
    Increase in tax
liability
    
    
    170
    
    
    
    149Net cash used in operating activities
    
    
    
    
    
    
    Cash flows from financing activitiesLoan from shareholders
    
    
    
    
    
    
    Net cash provided by financing activities
    
    
    
    
    
    
    Net increase in cash
    
    
    
    
    
    
    Cash, beginning of period
    
    
    1,100
    
    
    
    1,100Cash, end of period
    
    $
    1,100
    
    
    $
    1,100Supplemental disclosures of cash flow informationCash paid during the periods forInterest
    
    $
    
    
    
    $
    Taxes
    
    $
    
    
    
    $
    




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6 months ended
    
    3 months ended31-Mar-07
    
    31-Mar-06
    
    31-Mar-07
    
    31-Mar-06Revenue
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    General and administrative
expensesLoss from Operations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other income (expense)Interest ExpenseTax interest and
penalties
    
    
    (170
    )
    
    
    (149
    )
    
    
    (135
    )
    
    
    (125
    )(170
    )
    
    
    (149
    )
    
    
    (135
    )
    
    
    (125
    )NET LOSS
    
    $
    (170
    )
    
    $
    (149
    )
    
    $
    (135
    )
    
    $
    (125
    )Weighted average number
of shares outstanding
    
    
    1,399,912
    
    
    
    1,399,912
    
    
    
    1,399,912
    
    
    
    1,399,912Loss per share
    
    $
    (0.00
    )
    
    $
    (0.00
    )
    
    $
    (0.00
    )
    
    $
    (0.00
    )




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ASSETSCurrent Assets
    
    $
    1,100Cash
    
    
    1,100Total Current Assets
    
    $
    1,100LIABILITIES AND STOCKHOLDERS DEFICIENCYCurrent LiabilitiesAccounts Payable
    
    $
    44,574New York State Tax Liability
    
    
    1,552Total Current Liabilities
    
    
    46,126Stockholders DeficiencyCommon stock, par value $.01 authorized,
40,000,000 shares; issued and
    
    
    13,999outstanding, 1,399,912 shares
    
    
    7,175,116Additional paid-in-capital
    
    
    (7,234,141
    )Accumulated deficit
    
    
    (45,026
    )$
    1,100