Dear Valued Partners,
We are very proud and pleased to officially commence the ASE Cherokee Phase 2 project.
This 1st post will be one of many that will meticulously document each step in our development process, offering invaluable insights, comprehensive reports, and engaging videos capturing each significant milestone.
On November 9th, ASE Senior partners, Dylan Knight and Grant McLoughlin, along with some of our investors (one even travelled all the way from Australia), ventured out to officially stake the location of our upcoming well, the Cherokee 3-9.
Our next stage involves obtaining the necessary drilling permits, followed by the construction of the road, then the drilling pad. This essential step ensures the safe mobilization of trucks, machinery, and the drilling rig to the Cherokee 3-9 well location.
The concluding video features a short, yet insightful interview with our esteemed Geologist, Bob Pfannenstiel. He shares his enthusiasm for the forthcoming water flood, which is a proven and highly effective strategy designed to maintain pressure, resulting in the recovery of up to 90% of the hydrocarbons that are beneath the ASE Cherokee project/oil field.
Despite some audio interference from the workover rig and wind, Bob reveals valuable insights into the upcoming pressure maintenance/water flood strategy and reflects on his past accomplishments utilising this exact process.
As always, we are committed to providing regular updates to our investor partners, ensuring that you stay fully informed at every major milestone.
Feel free to reach out if you have any questions or need further information.
Warm regards,
The ASE Team
