Dear Valued Investor Partners,
We are pleased to provide you with the latest Cherokee phase 1 update.
The Cherokee 2-9 well continues to operate consistently, producing between 28 to 45 barrels of oil per day (BOPD). We have successfully had one load of oil picked up by our purchaser, and we anticipate another one to two loads being picked up and sold before the end of June.
Senior Partner Peter Fagan, who is visiting from Sydney and Dylan Knight will be heading to our Cherokee oilfield next Wednesday, June 26th.
Expect more updates and videos to be posted via the portal next week.
Have a great weekend.
Best regards,
The ASE Team
