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
June Performance:
- Total oil production: 1,340 barrels (Averaging 44.67 Bopd)
- Oil sales: 1,276 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 has been modest, we remain optimistic based on historical data from the Helton well, which means this well may still require a few more months of dewatering to yield any substantial increase in oil production.
Strategic Considerations: Discussions are ongoing regarding potentially rigging up again to deepen the well further. Our approach is to optimize this well's performance before conducting the deepening process on the other wells.
ASE NEW INVESTOR PORTFOLIO MANAGEMENT PLATFORM
Moving forward, all monthly statements will be accessible through our new Investment Portfolio Platform. If you have not yet received your registration email, your Limited Partnership is next in our setup queue, with registration emails being sent on a rolling basis. All remaining registrations are expected to be sent by August 18th.
For any questions or assistance with platform access, please contact Claudia Van Brugge at claudia.v@alphasevenenergy.com.
UPCOMING COMMUNICATIONS
Our next investor portal update will be released on August 11th (US time).
Best regards,
THE ASE TEAM
