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August 18, 2023

August 18, 2023

Dear Investor Partners,

We are absolutely thrilled to report that we have already collected oil samples, with a better-than-expected oil cut, which improved with each swabbing run conducted. This is excellent news, especially at this early stage of the completion process, and is a strong indicator that the ASE 2-9 well will be highly successful.

Our team has now finished for the weekend and will return next week to conduct the hydraulic fracturing procedure, commonly known as a frack. Bob, our Geologist, has been on location and will provide a comprehensive report next week, which will be released via the portal.

Enjoy the latest raw video of the ASE 2-9 well (oil cut) and have a great weekend.

Warm regards,

The Alpha Seven Energy team

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