Dear Valued Investor Partners,

We hope this update finds you well.

Before proceeding with the project update, we would like to inform you that all required financial reports have been submitted to our accountants for the processing of the K-1 forms

Below is a summary of the latest developments regarding the Boyd Well.

Production Sales & Revenue Update

• January Oil Sales: One load of oil was successfully sold.
• Lease Operating Expenses (LOE):
  Recent LOE costs, detailed in the Settlement Statement, include the remaining balance for maintenance and repairs from prior months. These efforts were essential in maintaining well efficiency and ensuring long-term operational stability.

Recent Developments
Unfortunately, the well was offline due to a hole in the tubing. However, we were able to deploy a crew promptly, and we are pleased to report that the well is back online and pumping effectively. Based on previous workovers, we expect flush production for the next 10-14 days, after which production should stabilize at prior levels.

The first chemical treatment has been successfully completed, and the second treatment is scheduled. As previously mentioned, we are cautiously optimistic that this treatment will yield an additional 1-3 BOPD, and we will closely monitor the results over the coming weeks.

Further Updates
We will continue to assess the Boyd well performance and provide more details in the next portal update, which will be released at the end of the first week of May.

Best regards,
The ASE Team