Dear Valued Investor Partners,
We hope this update finds you well.
OPERATIONS UPDATE
Status: Producing
The lease had a strong month overall. Well #41 was down for six to seven days after it was cleaned out, the wellbore bailed, paraffin removed, and the tubing dropped to total depth. The well returned to production in mid-May, after which the lease averaged 49.37 barrels of oil per day over the following 15 days. Well #41 makes 12 to 15 barrels of oil per day, and its downtime directly accounts for the dip in overall monthly production.
Six loads of oil were sold during the month. Two further loads were attempted before the month's end, but could not be completed in time. Well #4 parted on 24 May and is scheduled for repair in the next 5-10 days.
May production: 1,365.95 barrels of oil.
Oil sold during the month: 1,089.82 barrels.
End of month stock on hand: 493.44 barrels.
Our next scheduled investor portal update will be released on or before July 12th, 2026.
Best regards,
THE ASE TEAM
