Dear Valued Investor Partners,
We hope this update finds you well.
Please find below your June 2026 operational update for the Parker Fee Oilfield.
OPERATIONS UPDATE, JUNE 2026
Status: Producing
The Parker Fee Oilfield delivered another strong month of production. Two workovers were completed as part of our ongoing maintenance programme. On Well #4, the rods were pulled, parted rods were replaced, and paraffin buildup was steam cleaned from the wellbore. Well #56 was also pulled, steam cleaned to remove paraffin buildup, and had its pump changed. Both wells were returned to production.
PERSONNEL UPDATE
We would like to advise investors that our long serving pumper, Mark Northcutt, has retired. We thank Mark sincerely for his years of dedicated service to the lease, and he remains available in a consulting capacity should we require his expertise.
Our new pumper, Emilio, commenced on June 1st. Emilio has worked on these wells for more than 30 years and knows the field intimately, and the transition has been seamless.
PRODUCTION, JUNE 2026
Total oil produced: 1,320.62 barrels
Oil sold during the month: 1,488.71 barrels
End of month stock on hand: 478.10 barrels
COMING UP, JULY 2026
The lease will continue under our routine maintenance and optimisation programme, with paraffin management and pump condition monitoring ongoing across the field.
As always, your monthly financial statement is available through your investor account portal.
Our next scheduled investor portal update will be released on or before August 12th, 2026.
Best regards,
THE ASE TEAM
