Dear Valued Investor Partners,
We hope this update finds you well. This phase holds ownership in the ASE 1 and ASE 2 wells, and an update on each follows below.
ASE 1 WELL
Status: Temporarily Shut-in (awaiting the SWD approval)
ASE 2 WELL
Status: Producing
The ASE 2 ran smoothly through the month with very few issues. The engine was down for half a day on the 15th of May, after which it was repaired and the well returned to production.
Our next scheduled investor portal update will be released on or before July 11th, 2026.
Best regards,
THE ASE TEAM
