Dear Valued Investor Partners,

We hope this message finds you well.

In this portal update, we are pleased to provide you with the latest on the Boyd well, which has recently undergone extensive remedial work. The downtime was necessary to address various issues, and we appreciate your patience during this period.

Mark Thomas, our newly appointed operator, completed all the required scope of work approximately 1.5 weeks ago. According to his assessment, the well is now in good running order. After obtaining approval from the Railroad Commission (RCC), we are delighted to announce that the well has been fully operational this week, with daily increases in oil production.  Current daily reports show 15, 18.5, 23, and 26 barrels per day respectively.

Mark with his extensive experience in managing similar wells, has been overseeing operations. Through his expertise, he has fine-tuned the well, achieving what we believe to be its optimal production rate, and we would agree with Mark`s assessment based on the results from this week's production which have exceeded our initial expectations.

While it's common for oil production to experience a decline over time, Mark has indicated that, based on his experience, the well should continue to yield higher-than-expected daily production for the foreseeable future.

We look forward to providing further updates in the future.

If you have any questions or require further information, please feel free to reach out.

Best regards,

The ASE Team

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