Valued Partners, We treated the ASE 1 with acid again yesterday and are currently in the process of removing the treatment fluid. We are seeing consistent amounts of oil and are preparing to install the pumpjack on the ASE 1. Our operating team believes that the pumpjack will be installed and functioning by Thursday of this week if weather permits. We are also preparing to move the completion rig to the ASE 2 and will begin running tubing shortly.
The ASE 1 is beginning to release fluid independently, a positive sign that the acid treatment was effective.
A fluid sample from the ASE 1 showing approximately 10-20% oil.
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