Dear Valued Investor Partners,
We hope this update on Cherokee Phase 1 finds you well.
The Cherokee 2-9 well continues to produce commercial and consistent quantities of oil.
Looking to the future, we are confident that, over time, the pressure maintenance program (once fully implemented) will result in a positive impact on oil production.
For July, the Cherokee Phase 1 (Cherokee 2-9 well) sold approximately 341 barrels of oil. The revenue generated from this production is due to be distributed to our investor partners in September.
Best regards,
The ASE Team
