Dear Valued Investor Partners,
We hope this update finds you well. Please find below your July 2026 operational update for the Parker Fee Oilfield.
OPERATIONS UPDATE, JULY 2026
Status: Producing
The Parker Fee Oilfield delivered another solid month of production, with total oil produced exceeding 1,320 barrels for the month.
Maintenance activity was light. Well #24 parted rods during the month. The well was pulled, the rods were repaired, and it was returned to production without further issue.
Our ongoing optimisation programme continues to deliver. The approach of cleaning out each wellbore and then lowering the tubing to total depth has produced moderate production improvement across the wells treated to date, with the benefit typically showing over the following 30 to 60 days.
PRODUCTION, JULY 2026
Total oil produced: 1,320.43 barrels
Oil sales: 960.24 barrels
Average daily oil rate: approximately 42.6 barrels of oil per day
Water: managed through lease disposal
We would like to draw your attention to the relationship between production and sales this month, as it is purely a matter of haulage timing rather than field performance. Two loads were picked up on 30 June, and a further load was picked up on 1 August. That timing has made July sales appear short relative to the last few months, even though production for the month was steady.
COMING UP, AUGUST 2026
We are anticipating pulling 2 wells during August for paraffin cleanout and general maintenance. The cleanout and tubing lowering programme will continue across the field, and we expect to see the usual production response over the 30 to 60 days that follow.
As always, your monthly financial statement is available through your investor account portal.
Our next scheduled investor portal update will be released on or before September 11th, 2026.
Best regards,
THE ASE TEAM
