5th September 2025, Update

Dear Valued Investor Partners,

We hope this update finds you well.

Below is a summary of recent developments regarding the Phase 1 wells at the Seminole County oilfield.

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ASE 1 WELL – WOODFORD FORMATION RECOMPLETION

Following extensive evaluation and preparation, we successfully completed the Woodford formation recompletion on the ASE 1 well. The operation involved comprehensive testing of multiple formations:

Technical Operations Completed:

• Workover attempt on Woodford formation successfully executed
• Swab tested Booch formation: 4-5 BOPD with limited fluid entry when idle
• Bridge plug drilled out and Hunton perforations tested (300 barrels/day fluid, no oil)
• Woodford formation perforated in two intervals
• Swab test results: 60% oil cut, 60 barrels of fluid per day
• Well set on pump with sufficient gas shows (200# pressure shut-in)

Current Status: The well shows promising hydrocarbon indicators and sufficient casinghead gas to power the engine. However, we are addressing fluid recovery challenges suspected to be related to downhole pump issues.

Immediate Actions: Pump inspection and replacement (if required) are scheduled within the next 7-10 days to address mechanical problems and optimize the well for increased and more consistent oil and gas production.

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ASE 2 WELL – August Production Performance:

• Oil Production: 174.51 barrels
• Oil Sales: 177.53 barrels
• Natural Gas Production: 1,041 Mcf

Operations Update: The well continues producing as expected with no operational issues. Recent equipment upgrades continue to perform well, maintaining stable production rates.

Capital Recovery Analysis: We are currently finalizing outstanding invoices with our CFO, Peter Fagan, in order to calculate the remaining capital required to be recovered before investors can expect to recommence receiving monthly revenue disbursements. We acknowledge that additional unforeseen costs may arise, making this a dynamic calculation. This analysis will provide clear visibility on the estimated timeline for return to regular distributions, and we will endeavour to include it in our next portal update.

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ASE NEW INVESTOR PORTFOLIO MANAGEMENT PLATFORM

All monthly statements are now accessible through our Investment Portfolio Platform. For platform access assistance and all other inquiries or investor-related support, please contact Claudia Brugge at claudia.v@alphasevenenergy.com.

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UPCOMING COMMUNICATIONS

We will provide multiple portal updates once we commence drilling operations and through the logging and completion phases.

Best regards,

THE ASE TEAM