Valued Partners,
Over the past two weeks, we have continued our discussions with Hadaway Consulting & Engineering, LLC regarding frac designs for the ASE 5#1H. In addition, we are transitioning from our current drilling contractors to our completion team. Because of the impressive mud logs which show substantial quantities of oil and gas throughout the horizontal section, it is vital that the frac design and execution are optimized in order to extract the maximum volume of oil and gas. It is our intention to commence the completion process in the next three weeks.
Once again we would like to thank you for your patience.
A segment of the ASE 5#1H's mud log showing a significant oil cut.
