Dear Valued Investor Partners,
We hope this update finds you well.
OPERATIONS UPDATE — APRIL 2026
- Status: Producing
The Parker Fee lease had a strong month of production despite a brief operational pause to complete the final phase of utility infrastructure restoration. On April 4th, the wells were taken offline for the day to allow for replacement of the last of the downed utility poles in the area. This was the final phase of the post-storm power infrastructure recovery program for the lease, and all utility work is now complete.
Following the utility work, the lease returned to full production for the remainder of the month.
PRODUCTION — APRIL 2026
- Total Oil Produced: 1,625.42 barrels
- Oil Sales: 1,792.20 barrels
- End-of-Month Stock on Hand: 238.50 barrels
- Average Daily Production During Uptime: 56.04 BOPD (29 days uptime)
COMING UP — MAY 2026
Well #41 is scheduled for a cleanout in the first week of May as part of our new routine maintenance program. This proactive maintenance approach is designed to maintain consistent flow rates across the lease and pre-empt any production declines associated with wellbore buildup.
As always, your monthly financial statement is available through your investor account portal.
Our next investor portal update will be released on or before June 12th, 2026.
Best regards,
THE ASE TEAM
