Valued Partners,
Thank you to all investor partners who have completed & returned their "Authorization Agreement for Automatic Deposit" forms. We have been informed that the revenue from the ASE 1 gas sales will be transferred on or after the 28th December. As this will be the first revenue disbursements made via our new accounting software, we will conduct multiple cross-checks beforehand. This will ensure that the process runs as seamlessly as possible. We estimate that the 1st disbursements will be made in the 1st half of January 2021.
As this will be the last portal update for 2020, the whole team at Alpha Seven Energy would like to wish everyone a happy & safe holiday season and we very much look forward to a prosperous 2021!
The video below details our current progress on the ASE 3. We plan to apply the same completion technique used on the ASE 3 to the Phase I wells.
Update: As of this afternoon we've achieved an approximate 100% oil cut from the ASE 3.
