ASE 2 Completion Valued Partners, Despite the rain, the ASE 2 was swabbed yesterday and quickly displayed signs of oil. We traveled to Seminole to oversee the process, and the well was producing an approximate 15% cut of oil.The operating team has also installed a pumpjack on the ASE 1 and we are currently waiting for [...]
Drilling the ASE 3 Valued Partners, The drilling rig has arrived at the ASE 3 site and construction is set to begin this week. Barring any weather-related delays, we expect to begin spudding the well next week. Please see the video below from our operating team.https://youtu.be/Z4XIMZ_Ded4
ASE 2 Completion Valued Partners, The ASE 2 was perforated and acid treatment started this morning. The process went smoothly and the operating team will begin swabbing the well shortly to remove the remaining fluid, similar to the process conducted on the ASE 1.We have included a short compilation video from our operating team documenting the [...]
ASE 3 Preparations Valued Partners, Due to the heavy rainfall and thunderstorms experienced in Seminole County, completion of the ASE 1 & 2 wells has been delayed. Unfortunately, this has subsequently affected the construction of the ASE 3 pad and road as well. The weather forecast for the next week looks very promising and we plan [...]
ASE 2 Completion Valued Partners, The ASE 1 is flowing oil and is awaiting the installation of a pumpjack. Due to the unpredictable weather we are experiencing in Seminole, our operating team has fortified the road so that we can move our equipment in and out of the lease regardless of rain. As of this morning, [...]
ASE 1 Completion Valued Partners, We treated the ASE 1 with acid again yesterday and are currently in the process of removing the treatment fluid. We are seeing consistent amounts of oil and are preparing to install the pumpjack on the ASE 1. Our operating team believes that the pumpjack will be installed and functioning by [...]
ASE 1 Completion Valued Partners, Our operating team alerted us yesterday that the ASE 1 produced its first oil, so we drove back to Seminole County this morning, and this well is getting ever closer to completion. The concentration of oil has increased since yesterday, and the smell of oil is immediately noticeable in the area [...]
ASE 1 Completion Valued Partners, We are very proud to announce that the ASE 1 has produced oil. On Wednesday, the team drove to the lease to oversee completion of the ASE 1. Our operating team perforated the well casing, ran tubing down the bore hole, and began swabbing the well in an attempt to make [...]
Case Update Valued Partners, Sunoco is now on notice, and if they continue to pay Alamo, they will be liable to Borden Count Phase I for wrongful payment, plus interest and attorney fees. What we expect to happen is for Sunoco to file an interpleader action in the Borden County case, by which Sunoco notes the [...]
ASE 3 Spud Date Valued Partners, As Seminole County Phase I is nearing completion, we are now preparing to drill the ASE 3 well. We will begin constructing the road and moving the drilling rig from the ASE 2 to the ASE 3 location in the upcoming weeks, and expect to begin spudding the well by [...]
