Dear Valued Investor Partners,
We hope you had a joyful festive season and a happy New Year!
As we reflect on the close of 2024, we would like to provide you with an update on recent activity:
- October Update: No oil was sold during this month. For your records, the "October Settlement Statement" is attached below.
- November & December Highlights: A full load of oil was sold in November and December, and we are pleased to share some promising production results. Towards the latter part of the month, we experienced notable production spikes, with daily outputs reaching 13 and 14 BOPD on two occasions—an encouraging improvement from the previous average of 5 BOPD.
These developments reflect positive momentum, and we remain optimistic about sustained growth as we move forward.
We will provide another update in approximately four weeks to keep you informed of our progress.
Best regards,
The Alpha Seven Energy Team
