ASE 5 1H Valued Partners, Due to challenges in transportation, we are still waiting for the directional tool and a top drive component to arrive on-site. We have been told (on good authority) that the delivery is now scheduled for Thursday of next week. We are scheduled to re-enter the well at 2,830 ft and [...]
ASE 8A & 8B Valued Partners, Regarding the Lois 1 well, we have taken delivery of our production casing and after delays in receiving the final component for the rig, we are happy to report that all parts have been received. The crane was booked-in for this week, but due to heavy rainfall and thunderstorms, [...]
ASE 7 Valued Partners, Regarding the Lois 1 well, we have taken delivery of our production casing and after delays in receiving the final component for the rig, we are happy to report that all parts have been received. The crane was booked-in for this week, but due to heavy rainfall and thunderstorms, it was [...]
Lois 2 Valued Partners, Regarding the Lois 1 well, we have taken delivery of our production casing and after delays in receiving the final component for the rig, we are happy to report that all parts have been received. The crane was booked-in for this week, but due to heavy rainfall and thunderstorms, it was [...]
Lois 1 Valued Partners, Regarding the Lois 1 well, we have taken delivery of our production casing and after delays in receiving the final component for the rig, we are happy to report that all parts have been received. The crane was booked-in for this week, but due to heavy rainfall and thunderstorms, it was [...]
ASE 4 Valued Partners, All Phase 3 investors (ASE 4) are scheduled to receive their 2nd revenue disbursement on the 25th of October. We are very pleased to announce that we have a dual solution for minimising gas interference and improving the efficiency of the pumpjacks. In combination with the de-watering process, our team of [...]
ASE 3 Valued Partners, The ASE 3 well (Phase 2) has entered the de-watering phase with continued improvements to the oil cut being reported. On the 24th of November, all phase 2 investors are scheduled to receive their 1st monthly revenue disbursement. We are very pleased to announce that we have a dual solution for [...]
ASE 1 & 2 Valued Partners, We are pleased to report that the ASE 1 well was successfully perforated by YellowJacket, targeting the Booch and Misener/Hunton formations. In addition, Quasar was able to find a small window of time between the heavy rainfall and thunderstorms to perform the dual-zone sand stimulation, and from all reports [...]
ASE 5 1H Valued Partners,We re-commenced our drilling operations this week and are currently waiting for the directional tools to arrive. Once received, the next step is to complete stage 1 of our drilling procedure down to a target depth (TD) of approximately 8,500 ft. Please click below to access the drilling report. ASE 5 [...]
ASE 8A & 8B Valued Partners, Our team conducted a site inspection on Thursday with the intention of filming the derrick and doghouse being raised on ASE rig #3, but due to inclement weather, the operations team was unable to conduct this procedure. As soon as it is safe to move-in the crane, we will [...]
