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9th May 2026, Update

May 9, 2026

Dear Valued Investor Partners,

We hope this update finds you well.

ASE-1 WELL

Status: Temporarily Shut-In — Awaiting SWD

ASE-2 WELL

Status: Producing

The ASE-2 had a very clean month of production with very few operational issues — the well is running smoothly.

Production — April 2026:

  • Total Oil Produced: 168.67 barrels
  • Oil Sales: 182.03 barrels
  • Total Gas Produced: 985 Mcf
  • Total Water Produced: 365.73 barrels

As always, your monthly financial statement is available through your investor account portal.

Best regards,

THE ASE TEAM

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