Valued Partners,
As stated in the previous portal update, we have been selling gas to Enerfin, and thus we have attached the "Authorization Agreement for Automatic Deposits" form, which all investor partners are requested to complete and return to peter.f@alphasevenenergy.com by the end of the month. This will allow Alpha Seven Energy to initiate automatic deposits (oil & gas net revenue disbursements) to your designated bank account.
Each investor partner's working interest allocation has now been uploaded into our new oil & gas accounting software/platform called Sherware. There is a short 2-minute video on their homepage which explains the features Sherware provides. https://sherware.com/
All data from the ASE 2 caliper and bond logs has been collected and all reports are back and are pointing to a solution to prevent water entry into the well bore. Once this corrective action has been completed we anticipate substantial amounts of oil production.
Click to Download Authorization Agreement for Automatic Deposit
