Dear Valued Investor Partners,
We hope this update finds you well.
In this post, we are pleased to provide you with the latest developments regarding your Boyd well ownership.
PRODUCTION & REVENUE SUMMARY
May Performance:
Operational Update: We are currently testing different pump timing settings to help reduce wear and tear on well equipment. Following recent adjustments, the well has settled back to 3.55 barrels of oil per day, which matches the pre-workover production rate. We will continue to monitor the well for paraffin buildup and make adjustments as necessary.
ALPHA SEVEN ENERGY INVESTMENT PORTAL
Last week, we initiated our phased rollout of the new investment portal to a select group of ASE investors. Please check your email for a message with the subject line "An Introduction to ASE's New Investor Platform." If you have any questions or require additional support, please email claudia.v@alphasevenenergy.com.
TAX DOCUMENTATION UPDATE
We have received confirmation from our accounting team that K-1 forms will be completed and filed within the next 3-4 weeks.
UPCOMING COMMUNICATIONS
Our next investor portal update will be released on Thursday, July 10th (US time).
Best regards,
THE ASE TEAM
