Dear Investor Partners,
We hope this message finds you in good health. Firstly a massive congratulations to all project investors as we have confirmation that the ASE 2-9 well has 38 ft of RedFork formation with "exceptionally strong hydrocarbon shows" and has "good porosity" throughout the payzone. In addition, there are another 3 zones in which we can co-mingle, substantially adding to the total recoverable (oil & gas) reserves. This is absolutely excellent news and has opened up additional offset wells which will be part of our Phase 2 (5-well) project.
Bob F. Pfannenstiel (project geologist) has provided ASE with all of the open-hole electric logs (E-logs), and after a detailed analysis of the samples and E-logs, Bob has created a conclusive summary of his findings, based on hard evidence. We have included the E-logs and Bob's signed summary for your review.The next stage is to set the production casing, followed by completion, then production. As always we will provide regular updates at every major milestone of the project's development.
Warm regards,
The Alpha Seven Energy team
