Dear Valued Investor Partners,

We hope this update finds you well. Please find below your July 2026 operational update for the Boyd Well.

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OPERATIONS UPDATE, JULY 2026

Status: Producing

The Boyd well returned to production this month following a thorough round of remedial work. The workover rig returned as scheduled; the pump was pulled once more and confirmed to be working correctly; and the team then pulled and pressure-tested the tubing. That test identified 3 bad joints, which were replaced along with the mud anchor and the gas anchor before running back in the hole.

The value of doing that work properly was immediately evident. The well made 50 barrels of oil over the first 48 hours back online and has since settled into a steady rate of 3 to 4 barrels of oil per day through the end of the month. With the tubing now tested and the downhole equipment renewed, the well is on a much more solid footing than it was entering July.

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PRODUCTION, JULY 2026

Total oil produced: 151.9 barrels

Oil sales: 175.1 barrels

Average daily oil rate: approximately 4.9 barrels of oil per day

Total water produced: nil

Oil sales exceeded oil produced during July because the load hauled in July cleared stock that had been accumulating on hand from June.

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COMING UP, AUGUST 2026

We may be in a position to sell a second load during August, depending on how the flush production from the workover carries through the month. The well will continue to be monitored closely now that the tubing and downhole equipment have been renewed.

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

Our next scheduled investor portal update will be released on or before September 11th, 2026.

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Best regards,

THE ASE TEAM