Dear Valued Investor Partners,
We hope this portal update finds you well.
In this portal we are pleased to inform you that the Cherokee 2-9 well has maintained consistent oil production, with the exception of a few days it was offline to install a new gun barrel. This scope of work has now been completed, and according to our operating contractor, the well is fully set up for long-term production.
Dylan Knight and Peter Fagan conducted a site visit on Thursday, observing that both Cherokee Phase 1 tanks are full to capacity. We have arranged for the oil purchaser to collect the oil, which is due to be picked up a the coming days.
With the Cherokee 2-9 well now in full production, we will provide 1 update through the portal on a monthly basis.
Best regards,
The ASE Team
