Dear Valued Investor Partners,
We hope this update finds you well.
Please find below your June 2026 operational update for the Cherokee Phase 2 project.
OPERATIONS UPDATE, JUNE 2026
Status: Shut-in
The Cherokee Phase 2 wells produced early in the month before all wells were shut-in on June 30th. Positively, a successful oil sale was completed during the month, with 157.40 barrels of oil sold on June 22nd.
PRODUCTION, JUNE 2026
Total oil produced: 18.68 barrels
Oil sold during the month: 157.40 barrels
End of month stock on hand: 67.63 barrels
COMING UP, JULY 2026
The remaining 67.63 barrels of stock will be cleaned out and sold as a short load together with the Cherokee Phase 1 (2-9) ending stock, ensuring the remaining value in the tanks is realised for the partnership. We will provide a further update once the sale is completed.
As always, your monthly financial statement is available through your investor account portal.
Our next scheduled investor portal update will be released on or before August 12th, 2026.
Best regards,
THE ASE TEAM
