Dear Valued Investor Partners,

Below is a summary of the latest Boyd Well developments.

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Production Sales & Revenue Update

• December Oil Sales: No oil was sold. As mentioned in the previous portal update, given the current production levels, one load of oil is expected to be picked up and sold every other month.
• Lease Operating Expenses (LOE):
  
   
  • Recent LOE costs, outlined in the Settlement Statement below, were incurred due to necessary maintenance and repairs from prior months.
   
  • These maintenance efforts are critical to ensuring long-term well efficiency and operational stability.

Production Boost Strategy

• In the coming weeks, we will be testing a new chemical treatment to address a sudden paraffin buildup.
• This cost-effective solution is expected to increase daily oil production by 1-3 barrels.
• The chemical has been ordered and will be pumped down the wellbore along with 10 barrels of water.
• Further updates will be provided in the next portal release as we refine our strategy and assess the results.

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The next portal update will be released at the end of the first week of April.

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Best Regards,

The ASE Team