11th February 2026, Update

Dear Valued Investor Partners,

We hope this update finds you well.

Here is the latest update on the Seminole County Phase 2 project, covering operational progress achieved during January 2026.

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ASE-3 WELL - BOOCH FORMATION PERFORMANCE

January 2026 Production Results:

• Total Oil Production: 189.54 barrels
• Oil Sales: 182.28 barrels
• Total Gas Production: 957 MCF
• Water Production: 0 barrels (minimal water - dry oil production)
• Average Daily Rates: ~6-7 BOPD, ~30 MCF/day gas

Operational Status

Throughout January the ASE-3 well continued to run smoothly with very minimal operational issues. The well maintained consistent production rates with no significant downtime or operational challenges.

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UPCOMING COMMUNICATIONS

Our next investor portal update will be released on March 12th, 2026 (US time).

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Best regards,

THE ASE TEAM