Dear Valued Partners,
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We are pleased to share positive progress from the Cherokee 2-9 well after the successful completion of remedial work and its reactivation through 3-phase electricity. The results are promising: we've successfully recovered the 450 barrels of load water, and each passing day shows marked improvement in oil production.

Over the last 48 hours, the well has consistently produced 22.5 barrels daily, witnessing a significant rise in oil cut from 10% to 15% and now up to 20%. This trajectory aligns perfectly with our expectations of increasing oil production, a trend we anticipate to continue over the next two weeks.

On November 15th, ASE Senior Partners Dylan Knight and Grant McLoughlin dedicated their time to rolling out the ASE Cherokee project maps. This insightful presentation highlighted our strategic pressure maintenance/waterflood approach and revealed the comprehensive plan for the development of the 1020-acre oilfield. We have captured this informative session on video for your convenience (accessible below).

This strategic pressure maintenance approach is designed to benefit all current and future wells located at our Cherokee project, including the 2-9 well. We have made available all the maps discussed during this session for your reference and records.

Please take a moment to enjoy the video, as it encompasses essential details related to Phases 1, 2 and beyond.

Warm regards,
The Entire ASE Team