Valued Partners,
We would like to update you on the current progress of both the ASE 1 & ASE 2 wells in Seminole County.
ASE 1: The gas-powered engine for the 228 pump jack is currently being installed, with the starter tank planned to be moved over tomorrow, with production to commence soon afterward.
ASE 2: This well will require an electric-powered engine, and we are meeting with Canadian Valley Electric on Thursday to organize. As we stated in a previous portal update, the ASE 2 well will have a 456 pump jack, this is scheduled to be installed by Friday.
Please note, we endeavor to provide all Investor Partners with the most up-to-date information on the development of the project, and we will continue with more updates once the ASE 1 & ASE 2 wells enter into the official production stage.
