Dear Valued Investor Partners,
We hope this update finds you well.
Below is a summary of recent developments regarding the Cherokee Phase 1 project.
CURRENT OPERATIONAL STATUS
The Cherokee 2-9 well continues producing at steady rates following our successful resumption of operations.
August Production Performance:
OPERATIONAL UPDATE
Production Performance: The well maintained consistent production throughout August, averaging approximately 3.2 barrels of oil per day (BOPD). While production remains below initial projections, we are pleased that the well continues to generate positive cash flow through 2025.
Maintenance Status: All systems are operating smoothly with no immediate interventions required. We continue standard monitoring and maintenance protocols to ensure optimal performance.
MANAGEMENT UPDATE
Strategic Focus Period: Senior Partner and COO Grant McLoughlin will be stateside from September 9th for one month. During this period, the ASE Management team will be conducting multiple meetings focused on strategies to improve efficiencies and enhance production rates across our operations.
ASE NEW INVESTOR PORTFOLIO MANAGEMENT PLATFORM
All monthly statements are now accessible through our Investment Portfolio Platform. For platform access assistance and all other inquiries or investor-related support, please contact Claudia Brugge at claudia.v@alphasevenenergy.com.
UPCOMING COMMUNICATIONS
Our next investor portal update will be released on October 10th (US time).
Best regards,
THE ASE TEAM
