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11th March 2026, Update

March 11, 2026

Dear Valued Investor Partners,

We hope this update finds you well. Please find below your February 2026 operational update for Seminole County Phase 1, covering the ASE 1 and ASE 2 wells.

ASE 1 WELL

Current Status: Temporarily Shut-In (waiting for SWD to be online)

ASE 2 WELL

Current Status: Producing

Total Oil Production: 176.60 barrels

Oil Sales: 176.07 barrels

Total Gas: 1,052 Mcf

The ASE 2 well continues to run smoothly with very little operational issues this month. A pump change is planned for when the rig is next on site.

Next Portal Update: Your next portal update will be released on 11 April 2026.

Warm regards,

The ASE Team

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