Dear Valued Investor Partners,
We hope everyone is having a wonderful week.
In today's portal, we are pleased to share the latest progress update on our Cherokee Phase 2 project:
Cherokee 5-9 Dual Production Schedule:
On Wednesday ASE Senior Partners, Dylan Knight and Grant McLoughlin, traveled to Arrow Engine Company in Tulsa, Oklahoma to procure two brand new 6 Cylinder Arrow engines tailored for our Cherokee 5-9 and Cherokee 7-9 wells. These engines, specifically designed for our project, mark a significant step forward. Despite high demand, we have secured these engines for our initial wells and eagerly anticipate integrating the 1st engine to the 5-9 well, which is planned for tomorrow morning.
Cherokee 7-9 Well:
Progress continues as Bob Pounds Drilling company has delivered the drilling rig and all of the required equipment. Tomorrow, we anticipate commencing drilling operations, further advancing our project objectives.
Cherokee 9-9 Well Preparations:
Preparations for our Cherokee 9-9 well are well underway. Today, our team initiated work on essential infrastructure, including cattle guard and gate, including road construction, crucial for seamless operations as we transition to drilling the remaining Phase 2 wells back to back.
Flow Lines:
On Wednesday, we received delivery of 6,000ft of flow lines. Once the Cherokee 5-9 well is operational, our focus will shift to trench excavation for the flow lines connecting to our centralized facilities, streamlining our production process.
Easter Weekend:
During the upcoming Easter weekend, Dylan Knight and Grant McLoughlin will remain on-site, diligently overseeing operations as we approach the critical stages of oil production and drilling activities. Their commitment underscores ASE`s dedication to achieving the highest level of success possible.
We invite you to view the accompanying videos showcasing the recent developments over the past two days. These insights offer a glimpse into our ongoing progress as we navigate towards project completion.
From the whole ASE team, we would like to wish everyone a Happy Easter!
Best regards,
The ASE Team
