‍Dear Valued Investor Partners,

We trust this quarterly update finds you well.

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OIL REVENUE FLOWING INTO THE FUND

We are pleased to report that over the last two months, a proportion of oil revenue has been paid into the BCB Fund bank account, with a further payment expected this month. This marks an important step forward for the fund, as production revenue has now begun accumulating for distribution. Amounts received to date are modest, and we want to set expectations accordingly, as outlined below.

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INVESTMENT PLATFORM SETUP UNDERWAY

Our administrator, Claudia, and the ASE team are currently uploading all investor details into our investment platform and verifying that every investor record is correct. This includes tax compliance documentation and banking verification for each investor.

You may receive an email in the coming weeks if we need to confirm any of your details, such as bank account information or tax forms. There is no need to reach out to us in the meantime; we will contact you directly if we require anything further.

We are also ensuring that our payment processor, Bill.com, is set up with the current details of all investors.

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DISTRIBUTION TIMING

Distributions will commence once all investor profiles have been entered and verified, including tax compliance and banking verification. This work is well underway, and we are pleased with the progress being made.

While we are not in a position to commit to a specific distribution date, we are working toward releasing the first BCB Fund distribution as soon as the verification and payment infrastructure is fully in place. Initial distributions, when they begin, will be modest. However, as we bring more wells online at our Seminole County project and drill additional wells in future projects, we are confident that our oil and gas production will grow, and with it the proportion of revenue paid into the BCB Fund and distributed to each of the BCB Fund investors. As always, production levels and revenue are subject to normal operational variability.

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A NOTE ON QUESTIONS

We appreciate you may have questions on exact timings and distribution amounts. The above reflects all the information we can provide at this stage, as our priority is ensuring the platform, verification, and payment infrastructure are set up correctly, and that we are maximising oil and gas production, which directly benefits the BCB Fund and you as investors.

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We look forward to providing further updates.

Best regards,

THE ASE TEAM