Valued Partners,
Since our last portal update, we have continued to face challenges, yet due to the commitment of our very well-experienced team and on-site crew, we have now completed the cementing process and are waiting for it to cure. We continued to overcome obstacles in reaching our 7” casing landing point of 8,815 ft to hit the final landing target within a few feet of plan in the top of the Granite Wash “G” zone. We are presently making preparations to resume the planned directional path. We will start back with our directional assembly and kick off the current cement plug with a 2.25 angle motor and tri-cone rock bit.
Our team (starting Christmas Eve) will be taking approximately two weeks off to spend some well-deserved time with family and friends. We estimate to recommence the horizontal drilling process in mid-January.
We wanted to take this opportunity to express our appreciation to all of our investor partners and to reinforce our continued commitment to everyone within the Alpha Seven Energy community.
ASE's offices will be closed from December 24 through January 10. Please enjoy your time with friends and family and have a very enjoyable and safe holiday season. Lastly, Happy New Year, and here's to a very successful and prosperous 2022!
