Valued Partners,
A site visit was conducted today with the intentions of inspecting the paint job on the ASE 1 & 2 pumpjacks and installing the ASE logo graphics. Oil samples from each of the two wells were taken, which we captured on video. The ASE 1 seems to have little to no water, and with regards to the ASE 2, there is still a good percentage of fluid (mostly water) to remove which was from the drilling & completion process.
Over the coming days and weeks, we anticipate that ASE 2 oil cut will increase, which is known as colouring up. We will have a production report to give all investor partners by the end of the month. Watch the video below for a detailed look.
