Dear Valued Investor Partners,
We hope this update finds you well.
In this portal, we will share the latest developments across all aspects of the ASE Parker Fee Oilfield operations.
PRODUCTION & REVENUE HIGHLIGHTS
August Performance:
- Total oil production: 1,351 barrels (Averaging 43.6 BOPD)
- Oil sales: 1,308 barrels
A-2A WELL PERFORMANCE UPDATE
Monitoring Phase: We continue to closely monitor the A-2A well response following the deepening operation. While the initial response remains modest, we are evaluating our next steps carefully.
Strategic Considerations: Discussions are ongoing regarding potentially rigging up again to deepen the well further. Our operator plans to finalize a comprehensive strategy and work proposal by the end of September, before attempting operations on additional wells.
MANAGEMENT UPDATE
Strategic Focus Period: Senior Partner and COO Grant McLoughlin will be stateside from September 9th for one month. During this period, the ASE Management team will be conducting multiple meetings focused on strategies to improve efficiencies and enhance production rates. Key decisions will include selecting whether to deepen the A-2A well further or select other wells for deepening operations.
ASE NEW INVESTOR PORTFOLIO MANAGEMENT PLATFORM
All monthly statements are now accessible through our Investment Portfolio Platform. For platform access assistance and all other inquiries or investor-related support, please contact Claudia Brugge at claudia.v@alphasevenenergy.com.
UPCOMING COMMUNICATIONS
Our next investor portal update will be released on October 10th (US time).
Best regards,
THE ASE TEAM
