Valued Partners,
The BOP (blowout preventer) has arrived at the Mesa Vista lease, and mid-next week our team will commence the installation process and all required safety checks, followed by the final sign-off from a RRC (Rail Road Commission) inspector. Our best estimates indicate that we should be back in the hole and recommencing the horizontal section of the ASE 5-1H well in the next two weeks. Once the drilling process has been completed, it is our intention to start the hydraulic fracturing procedure in mid-late April.
On behalf of the whole team at Alpha Seven Energy, we would like to thank you for your understanding and patience regarding the delays, and we look forward to this well coming into production.
Lastly, we thought investors might find this article of interest: Goldman Sachs: Oil Prices To Average $135 Per Barrel This Year
