Dear Valued Investor Partners,
We hope this update finds you well. Please find below your October 2026 operational update for the Parker Fee Oilfield.
OPERATIONS UPDATE, OCTOBER 2026
Status: Producing
- Well #56: back online following last month's workover.
- Wells #2 and #41: cleaned out for paraffin, with the rods, tubing and pump pulled, cleaned and run back in the hole.
- Well #41 pumping unit: the bearings failed after the well was turned back on, and the unit was promptly replaced from our inventory to keep downtime to a minimum.
PRODUCTION, OCTOBER 2026
Total oil produced: 1,165.59 barrels
Oil sales: 1,294.52 barrels
Average daily rate: approximately 37.6 barrels of oil per day
Stock on hand at month end: 478.72 barrels
Oil sales exceeded oil produced in October, as stock carried forward from September was sold alongside the month's production.
COMING UP, NOVEMBER 2026
Our focus remains on lifting production back towards the field's previous levels, with the schedule of wellbore cleanouts continuing as wells come up for attention.
As always, your monthly financial statement is available through your investor account portal.
Our next scheduled investor portal update will be released on December 11th, 2026.
Best regards,
THE ASE TEAM
