Dear Valued Investor Partners,
We trust this update finds you well and we are excited to bring you up to speed on recent developments.
Since December 1st, Senior Partner & Co-Founder Dylan Knight has been on-site in Payne County, overseeing critical operations and ensuring a hands-on approach throughout. He remains committed to being present daily until the week concludes.
Dylan's on-site activities have included supervising the staking of the 3-9, 4-9, 5-9, and 6-9 areas by Topographic. Additionally, he engaged with a Phase 1 investor who visited for a comprehensive site inspection. For the remainder of his time, Dylan will actively participate in every phase of road and construction planning.
Thus far, Dylan and our drilling partner have actively managed the staking of the 3-9, 4-9, 5-9, and 6-9 areas by Topographic. Additionally, he had the opportunity to meet with a Phase 1 investor who flew in for a site inspection. For the remaining duration, Dylan will be personally involved in every stage of the road and construction planning phase. We feel it is extremely important that an ASE partner is present at every major milestone and also provides oversight during each phase of the development process.
Regarding the upcoming Phase 2, while we are yet to confirm the exact location of the 5th well, we will be diligently analyzing drilling data from the upcoming wells. Our aim is to select the most optimal location for maximum efficiency and yield.
An exciting development in Phase 2 is the commencement of drilling in early January with the first well being an injection well. This strategic move not only enhances the probability of extracting maximum hydrocarbon volumes from Phase 2 but also significantly impacts the Cherokee 2-9 well.
In line with our commitment to transparency, Dylan has been actively documenting and capturing the progress and developments of Phase 2. He has also conducted an oil sample test at the Cherokee 2-9, demonstrating a high percentage of quality oil.
We are delighted to share these strides with you and invite you to enjoy the accompanying videos. Expect more updates and videos to follow as the week draws to a close.
Warm Regards,
The ASE Team
