Dear Valued Investor Partners,
We hope this update finds you well.
In this portal, we are pleased to provide your October 2025 operational update for the Parker Fee Oilfield.
PORTAL UPDATE REMINDER
As investors now have direct access to their monthly statements via the investor platform and receive automatic notifications when statements are posted, the monthly portals will no longer duplicate this financial information.
Moving forward, portal updates will be issued only when:
- Specific operational activities are occurring on your project well(s)
- Important project milestones are achieved
- Additional details or context need to be provided beyond the standard monthly statements
This streamlined approach ensures that portal communications remain focused on meaningful updates and project developments, while your financial statements remain readily accessible through your investor platform account.
Production Status: Produced strongly throughout October with an ongoing optimisation program.
October Operations:
Repairs: Well #2 required electrical work to restore production, which was completed successfully during the month.
Workover Success: Well #41 began losing production due to paraffin buildup. After cleanout operations, we added a tubing sub to lower the tubing to bottom, which began showing positive production response by month's end.
Testing Program: We initiated a tubing optimization program in two wellbores at the end of October, lowering tubing depth to improve fluid recovery. Initial production response was positive and will be monitored throughout November to assess long-term impact.
Strategic Decision - Field Optimization Approach:
As discussed in previous portals, we were evaluating two strategic approaches: deepening existing wells or continuing optimization of current producing interval in the upper Granite Wash formation.
Based on the positive results from recent workover operations, we have made the strategic decision to prioritize workover optimization across all remaining Parker Fee wells before pursuing any deepening operations. This approach allows us to:
- Maximize production from existing perforated intervals with minimal capital expenditure
- Gather comprehensive production data across the entire field
- Identify the optimal candidate well for future deepening operations based on real performance data
- Generate increased cash flow during the workover program to help fund subsequent deepening projects
Once this field-wide workover program has been completed and production data analyzed, we will select the best candidate well for deepening operations to access deeper formations.
November Schedule:
- Cleanouts scheduled for 3-4 wells early in November
- Test adding tubing length to tag bottom after each cleanout (minimal additional expense)
- Recent late October workovers showed promising signs; will replicate program on additional wells
- Working on rig availability to execute the workover program efficiently
This systematic approach ensures we optimize all existing production before committing capital to more expensive deepening operations, maximizing returns for Parker Fee investors.
October Regulatory Notice: Railroad Commission (RRC) notice received to cease venting of gas. Gas sample ordered. Lease was venting approximately 25 MCF/D from the lease gas capture tank. The tank is closed in, and we have lost some vacuum due to back pressure, causing a small production impact. Working on the permit to vent and restore vacuum. A small flare may be needed.
October Impact: The electrical grid was down on October 9th but was restored within 24 hours.
INVESTOR SUPPORT
If you have any questions about accessing your account, locating your monthly statements, or any investor-related inquiries, please contact:
Claudia Brugge Investor Relations Associate Email: claudia.v@alphasevenenergy.com
Best regards,
THE ASE TEAM
