Dear Valued Investor Partners,
We hope this message finds you in good health.
As mentioned in our previous update in May, we have transitioned to a new operator, OGP Operating LLC. We are pleased to inform you that our CFO, Peter Fagan who is currently Stateside, has successfully met with OGP Operating (on multiple occasions) and finalized the process for revenue disbursements.
The revenue has now been received from the operator, and Peter is currently setting up the payment process to distribute this oil revenue to each investor. We will be using Bill.com for the payment system.
Each month, we will provide (via the portal) a run statement for the entire limited partnership, which will include oil sales, revenue, and operating expenditures. Please note that our CFO intends to have everything set up next week, with revenue disbursements to follow shortly thereafter.
Thank you once again for your patience and understanding throughout this process.
Best regards,
The ASE Team