Valued Partners,
We hope this message finds you well. We are writing to provide you with an update on the latest developments of our Mesa Vista project, specifically the ASE 5-1H well.
We regret to inform you that our team has encountered multiple challenges while attempting to retrieve the drill bit from the horizontal section of the wellbore. Despite our best efforts, we are still stuck in this section of the well. However, we want to assure you that we are exploring alternative strategies and solutions to overcome this challenge and ensure the best possible outcome for the well.
As previously communicated in our portal updates, we require the ASE 303 drilling rig to perform this scope of work. We remain committed to delivering the best possible results for our investors and want to thank you for your patience and support during this process. We understand that delays can be frustrating, but we are doing everything in our power to maximize the potential of all projects and deliver value to our investor partners.
We will continue to provide regular updates on the progress of the Mesa Vista project and any developments concerning the ASE 5-1H well. Please do not hesitate to reach out to our team if you have any questions or concerns.
Thank you for your continued support.
