Dear Valued Investor Partners,
We hope this portal finds you well.
In this portal, we are pleased to share significant progress across all aspects of the ASE Parker Fee Oilfield operations. This update highlights our recent production achievements, operational milestones, and exciting new investor services.
PRODUCTION & REVENUE HIGHLIGHTS
February Performance
- Total oil sales: 1,274 barrels (7 full truckloads)
- 16.4% increase from January's 1,094 barrels
- Average daily production: 45.5 BOPD
April Performance
- First 19 days: 45.56 BOPD average
- Last 10 days: 31.58 BOPD average (during #56 and #2-A2 were offline)
- Monthly average: 38.5 BOPD
- Well-56 showing 25% production increase following maintenance, approaching 20 BOPD
PARKER FEE A-2-A WELL: DEEPENING OPERATION COMPLETED
We are in the final stage of deepening the A-2A well. The operation proceeded in three distinct phases:
Phase 1: Preparation (April 22-23)
- Removed pump equipment and tubing
- Cleaned and pressure-tested all equipment
Phase 2: Mobilization (April 24-28)
- Coordinated specialized cable tool rig deployment
Phase 3: Deepening (April 29-May 5)
- Starting depth: 3,015 feet
- Current depth: 3,036 feet (21-foot gain)
- Preliminary results show we have hit the Lower Granite Wash formation
- Encountered promising oil shows mixed with water and mud
- Observed consistent fluid accumulation requiring regular bailing
Initial Assessment: All early indicators suggest we have successfully tapped into the second oil-bearing zone (Lower Granite Wash formation). We have approximately 4 feet until we reach our estimated target depth. Once the well is back online, we will monitor production and pressure levels closely over the coming weeks to quantify the success of this procedure and apply these insights to future wells we will deepen.
ENHANCING YOUR INVESTOR EXPERIENCE
As part of our commitment to continuously improving our service to you, we are introducing two significant enhancements:
1. Alpha Seven Energy Investment Portal Our new investment portal launches at the end of June, offering:
- Comprehensive management of your ASE oil and gas investments
- Monthly revenue distribution statements (per Limited Partnership) based on your exact ownership percentages
- Centralized document repository for all partnership materials and tax documents
- Access to the ASE secondary market
We will provide a detailed video walkthrough of the portal's functionality upon release.
2. Dedicated Investor Relations Support We are delighted to welcome Claudia van Brugge (claudia.v@alphasevenenergy.com) to the ASE Team. As your dedicated Investor Relations Associate, Claudia brings:
- Meticulous attention to detail
- Seamless communication and reporting
- Genuine enthusiasm for financial markets
- Unwavering commitment to exceptional service
COMMUNICATION SCHEDULE
All portal updates will be released on the 10th of each month (or the next business day). This schedule allows us to gather comprehensive and current information for all 15 individual portals.
We remain committed to raising the bar in investor relations and operational standards.
Best regards,
The ASE Team
