Valued Partners,
We appreciate your patience and want to assure you that the ASE team has been working diligently to seek the very best outcome for the Mesa Vista project. Regarding the Mesa Vista (Phase 1) project, we have a team working to retrieve the drill bit, which has been stuck in the horizontal section for some time. We understand that this situation can be frustrating for our partners, and we want to assure you that Alpha Seven Energy is 100% committed to achieving the best possible outcome for all of our partners. While there are no guarantees of success, we are confident that we have the best team in place to get unstuck. As this process is ongoing, the ASE 303 drilling rig is still required to perform this scope of work.
Looking forward we have high expectations for the overall project's success because, as stated in previous portal updates, we have gathered what we believe is the "industry A-team" consisting of T. Boone Pickens' geologist of 10 years and a drilling team with a proven track record of drilling up to 25 wells on the Mesa Vista Ranch.
We truly appreciate your patience and support throughout this process and will continue to provide regular updates on the progress of the Mesa Vista project. Thank you for your continued trust in Alpha Seven Energy.
