Valued Partners,
The scheduled spudding of the ASE 1 well has been delayed due to the temporary closure of the Oklahoma Corporation Commission's offices. Our scheduled hearing to obtain a Spacing Exception Order has been postponed until further notice due to the outbreak of COVID-19.
The purpose of the hearing is to obtain a permit to move our drilling location approximately 80 feet away from a nearby creek to higher ground. This is a safety precaution due to the increased levels of rainfall that Seminole County has been experiencing.
The hearing is a routine procedure that typically takes less than 24 hours. Once the hearing is concluded and our permit is acquired, we will be able to commence drilling immediately.
Thank you for your patience, and for more information on the closure, please refer to the OCC website.
