Dear Valued Investor Partners,
We hope this update finds you well.
Please find below your June 2026 operational update for the Cherokee Phase 1 project, covering the 2-9 well.
OPERATIONS UPDATE, JUNE 2026
Status: Shut-in
The 2-9 well remained shut-in through June, and daily operations on the well concluded on June 30th to reduce operating expenses.
End of month tank stock: 144.04 barrels
The remaining oil in the tanks represents real value for the partnership, and we are arranging a tank cleanout and a short load sale to clear the remaining stock. This sale will be coordinated together with the remaining Cherokee Phase 2 stock to maximise the efficiency of the haul.
COMING UP, JULY 2026
The tank cleanout and short load sale will be arranged, and the proceeds will be reflected in a future statement. As always, your monthly financial statement is available through your investor account portal.
Our next scheduled investor portal update will be released on or before August 12th, 2026.
Best regards,
THE ASE TEAM
