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11th March 2026, Update

March 11, 2026

Dear Valued Investor Partners,

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

CURRENT STATUS

Status: Producing

Total Oil Production: 27.90 barrels

Oil Sales: 0.00 barrels

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.

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

Warm regards,

The ASE Team

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