Dear Valued Investor Partners,
We hope this update finds you well.
In this portal we will provide you with the latest developments regarding your investment in Phase 1 of the Cherokee project. This update covers current production metrics and our strategic plan to boost oil production.
Current Oil Production: 3 BOPD (average for April)
Storage Tank Volume: 121.75 barrels
Recent Sales: 169 barrels sold in February (1 truckload)
We are currently working on an Authorization for Expenditure (AFE) and procedure for a small acid treatment, to clean out the Red Fork perforations. These treatments are common maintenance procedures for Red Fork wells and typically yield positive production responses.
Once the AFE is completed, we will book in and complete the acid treatment process, and we are confident this will result in a sizable boost in daily production.
As part of our commitment to continuously improving our service to you, we are introducing two significant enhancements:
1. Alpha Seven Energy Investment Portal Our new investment portal launches at the end of June, offering:
We will provide a detailed video walkthrough of the portal's functionality upon release.
2. Dedicated Investor Relations Support We are delighted to welcome Claudia van Brugge (claudia.v@alphasevenenergy.com) to the ASE Team. As your dedicated Investor Relations Associate, Claudia brings:
All portal updates will be released on the 10th of each month (or the next business day). This schedule allows us to gather comprehensive and current information for all 15 individual portals.
We remain committed to raising the bar in investor relations and operational standards.
Best regards
The ASE Team
