Dear Valued Investor Partners,

We hope this update finds you well.

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OPERATIONS UPDATE — MARCH 2026

The Boyd Well had an intermittent operational challenge during March but finished the month in good shape.

The well was taken offline mid-month to investigate a potential tubing issue. A pump truck was deployed to pressure up the wellbore and attempt to break loose paraffin buildup, while also testing for any tubing leaks. The pressure test confirmed no leaks were present in the tubing string, however the paraffin did not break loose with the pump truck treatment alone. A hot oil truck was subsequently dispatched and successfully treated the paraffin buildup. The well was returned to production promptly following the hot oil treatment.

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PRODUCTION — MARCH 2026

• Total Oil Produced: 80.04 barrels
• Note: The well was down approximately 14 total days during the month waiting on service company availability (pump truck, then hot oil truck). Upon restoration, the well showed flush production, exceeding 10 BOPD for three consecutive days and over 7 BOPD for a further three days.
• Tank stock note: Total stock prior to the hot oil treatment was 172.84 barrels. Approximately 70 barrels were pulled to the hot oil well during treatment. Ending stock was approximately 120.64 barrels as the well recovers injected oil.
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COMING UP — APRIL 2026

A scheduled chemical paraffin treatment is planned for mid-April to proactively manage paraffin buildup and reduce the likelihood of repeat downtime events.

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K-1 TAX SCHEDULES

The K-1 tax schedules have been prepared and distributed to all investors. If you have any queries regarding your K-1, please ensure these are submitted to us as soon as possible as our accountant will be finalising and filing the partnership tax returns imminently.

As always, your monthly financial statement is available through your investor account portal.

Our next investor portal update will be released on or around May 12th, 2026.

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Best regards,

THE ASE TEAM