Back

7th January 2026, Update

January 7, 2026

Dear Valued Investor Partners,

We hope you all had a wonderful festive season, and from the entire ASE team, we would like to wish you and your family a very Happy New Year!

PORTAL UPDATE REMINDER

As investors have direct access to their monthly statements via the investor platform and receive automatic notifications when statements are posted, the monthly portals will no longer duplicate this financial information.

OPERATIONAL CHALLENGES - PRODUCTION INTERRUPTION

Well Performance Issue:

The well started struggling in the second week of December, indicating a possible tubing leak or pump malfunction. An attempt was made to re-set the pump to shake out any buildup, but the intervention was unsuccessful.

Current Status:

  • Well shut-in
  • Awaiting rig availability to pull pump and tubing
  • Small acid treatment recommended during workover operations

Workover Scheduled:

T&L Well Services is now scheduled to pull the 2-9 well to address tubing issues.

Best regards,

THE ASE TEAM

Download Attachment
ASE About Photo 1
ASE About Photo 1
ASE About Photo 1
ASE About Photo 1