Dear valued Investor Partners,
Exciting developments are on the horizon, as today Topographic, experts in oil and gas land surveying and staking, will officially initiate the staking process for Phase 2 wells—one of the final steps before receiving our drilling permit.
Senior Partner Dylan Knight will personally oversee this entire process, capturing the unfolding action on-site. Moreover, another one of our investor partners will conduct a comprehensive project inspection. Dylan will provide a guided tour of our expansive 1020-acre oilfield, which will include an up-close look at the Cherokee 2-9 in operation.
We extend a warm invitation to all investors to visit our Cherokee project. It's an opportunity to witness firsthand our innovative plans and roll out the physical maps pinpointing the locations for our upcoming 60 wells.
In recent weeks we have seen increased investor interest in our waterflood/pressure maintenance strategy, which we are confident will extract up to 90% of the total hydrocarbons beneath the ground in 8-10 years. To aid your understanding, we've included two short, yet concise videos that offer insights into this process.
Regarding the development of Phase 2 we are starting to make the final preparations for the road and drilling pad construction and plan to commence this scope of work in the coming weeks.
Lastly, we've updated our Cherokee (Red Fork) oilfield development maps with the very latest data. Please download these updated maps below.
We remain committed to transparency and progress, and we look forward to sharing more project milestones with you soon.
Warm regards,
The ASE Team
