Drilling Update Valued Partners, The ASE 2 is being drilled on-schedule and is currently at a depth of approximately 1,850 ft. The ASE 1 is pending completion due to inclement weather. We are expecting rain and possible thunderstorms through the weekend, but will be able to resume operations once rains subside. We will post a subsequent [...]

ASE 2 Update Valued Partners, Since the last update, the drilling rig has been moved to the ASE 2 well site, and operations have commenced. We are currently drilling the 12 1/4" hole for surface casing. We are down about 525' and drilling to 710’. Today, we will set the surface with the casing crew and [...]

Operations Update Valued Partners,Fortunately, rainfall was minimal this morning and our operating team was able to continue moving the drilling rig to the ASE 2 location. The ASE 1 is pending completion while we determine whether to co-mingle the Misener and Booch formations, but we must first determine whether the two reservoirs are compatible for [...]

ASE II Update Valued Partners,Seminole County has experienced some heavy rainfall, with thunderstorms predicted for the next few days.  This has pushed back the estimated start date of the pipeline construction and the ASE I production test.  Weather permitting we should be able to commence the next stage of works next week. Just before the heavy [...]

ASE 1 Well Site Report Valued Partners, As you can see from the attached report, we were structurally high from the discovery well, the Oddfellows A1, as desired.  We should have good results from this well based on the production knowledge we have from the first well.  In addition to a structurally high Booch Sand, [...]

Target Depth Reached Valued Partners, As of yesterday, the ASE 1 was drilled to target depth without issue. The bore hole’s condition was optimal, and the mud logger caught and analyzed several prospective samples, and confirmed oil presence consistent with the area in the zones of interest. We ran 4,329 feet of production casing and cemented [...]

Drilling Update Valued Partners, As of Friday, April 17, the ASE 1 has been drilled to a depth of 4,037 feet, descending with an average rate of penetration (ROP) of 32.7 feet/hour. The rig is running smoothly with an average deviation of 1.25 degrees, the straightest hole drilled to date according to our operator. Download [...]

Drilling Update Valued Partners, Drilling will recommence at 6 PM today and we are descending at an average rate of penetration of approximately 40-50 feet per hour. The hole is straight and we have not had any issues. We will mud up at 2,200 on our way to estimated TD at 4,350 feet. The ROP [...]

Easter Update Valued Partners, We began drilling the surface casing on April 10th, and completed the cementing of the surface casing on April 12th. We let the cement cure, and went back in-hole to begin drilling. As of today, the ASE 1 well has been drilled to approximately 1,850 feet. The ASE team drove to Seminole, [...]

Live Camera Access Valued Partners, We are currently installing our live camera at the ASE 1 drill site. Partners will be receiving email invitations within the next 24 hours to set up an Arlo account and access the live feed.