Dear Valued Investor Partners,

We hope this update finds you well.

Please find below your June 2026 operational update for the Boyd Well.

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OPERATIONS UPDATE, JUNE 2026

Status: Producing

The Boyd Well received proactive attention this month to restore it to full performance. The pump was pulled and inspected, and the inspection revealed pitting on the pump balls. A new downhole pump was installed, and the well responded immediately, producing 51 barrels of oil in the first 48 hours back online.

After two days of pumping, the well lost pump action again, with the suspected cause being an issue with the seat nipple or mud anchor rather than the new pump itself. The workover rig has been called back and is scheduled to return in the first week of July. While the tubing is being pulled, the team will also pressure test the tubing to rule out any additional contributing factors, ensuring the well returns to production on a solid footing.

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PRODUCTION, JUNE 2026

Total oil produced: 51.04 barrels

Oil sales: No load hauled during June

End of month stock on hand: 128 barrels

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COMING UP, JULY 2026

The rig returns in the first week of July to address the downhole issue and test the tubing. With 128 barrels already in stock, we anticipate a load of oil being hauled and sold during July once the well is back online.

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 August 12th, 2026.

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Best regards,

THE ASE TEAM