Dear Valued Investor Partners,
We hope this message finds you well.
The plan was to provide a portal update last week, yet due to unforeseen circumstances, Dylan Knight was unable to travel to Payne County, and we have also experienced a few minor delays. However, we are pleased to report significant progress. The project site is bustling with activity, and we have successfully fracked the Cherokee 7-9 well.
Next week, we will plan to commence the pressure maintenance program by injecting water into the Cherokee 5-9 well. Concurrently, efforts to bring all other wells into full production will continue. The Cherokee 8-9 well is the final well pending completion, and we anticipate fracking it within the next 1.5-2 weeks.
Grant McLoughlin will be returning to the US during the week of June 3rd. He plans to visit Payne County to observe and document the final stages of the Cherokee Phase 2 project, aiming to have all four wells in production.
Have a fantastic rest of your week, and we look forward to providing more updates soon.
Best regards,
The ASE Team
