Dear Valued Investor Partners,

We hope this update finds you well.

Since regaining operational control of our Seminole County oilfield, we have been diligently executing a focused redevelopment plan aimed at significantly enhancing both oil and gas production.

Based on current production data and the positive results from recent well reworks, we believe this asset is positioned to deliver sustainable and growing monthly revenue. This revenue stream will be critical in supporting and funding future BCB Fund distributions.

This strategy is now beginning to deliver measurable results, and we are confident that by the end of June (Q2), we will be in a stronger position to:

• Recommence BCB Fund distributions
• Establish greater consistency in the timing of quarterly payments
• Increase distribution amounts quarter over quarter as production and revenue continue to grow

Please rest assured that the ASE team remains fully committed to maximizing oilfield performance and delivering long-term value to our investors.

We sincerely appreciate your continued patience and trust, and we look forward to demonstrating consistent progress, particularly in relation to BCB Fund payments, throughout the remainder of 2025.

Kind regards,
The ASE Team