Dear Valued Investor Partners,
We hope this update finds you well.
OPERATIONS UPDATE — APRIL 2026
The Boyd Well had a very strong month following our chemical paraffin treatment program. Following the targeted treatment to address paraffin buildup in the wellbore, the well has responded extremely well, with production rates lifting significantly above prior months.
PRODUCTION — APRIL 2026
The boost in daily production from approximately 3.00 BOPD to 4.26 BOPD represents a meaningful improvement of approximately 42% in average daily oil rate, which we anticipate will be sustained through the ongoing chemical treatment program.
COMING UP — MAY 2026
The well will continue under our routine chemical paraffin maintenance program to maintain wellbore cleanliness and optimise production rates. We will continue to monitor and adjust treatment frequency to ensure the production gains achieved in April are sustained as best as possible.
As always, your monthly financial statement is available through your investor account portal.
Our next investor portal update will be released on or around June 12th, 2026.
Best regards,
THE ASE TEAM
