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11th March 2026, Update

March 11, 2026

Dear Valued Investor Partners,

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We hope this update finds you well. Please find below your February 2026 operational update for Cherokee Phase 2.

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CURRENT STATUS

Status: Producing

Total Oil Production: 27.90 barrels

Oil Sales: 0.00 barrels

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OPERATIONAL UPDATE

Cherokee Phase 2 continued to produce during February with 27.90 barrels of total oil recorded. A workover is scheduled for the 3-9 well — T&L Well Services are scheduled to pull the tubing and inspect for a possible tubing leak, with this work to be completed after the 2-9 well (phase 1) workover is finalized. Estimated the 3rd week of March.

We will provide an update once the workover has been completed and the well's performance has been assessed.

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Next Portal Update: Your next portal update will be released on 11 April 2026.

Warm regards,

The ASE Team

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