Dear Valued Investor Partners,
We hope this update finds you well. Please find below your August 2026 operational update for the ASE 3 well.
OPERATIONS UPDATE, AUGUST 2026
Status: Producing
August was a good month for the ASE 3. Having worked through the formation sand entry in July, the team installed a sand screen on the gas anchor, and the well has run with very few issues since. The sand screen is doing exactly what it was intended to do, protecting the pump from the formation sand that caused the two pump failures last month.
PRODUCTION, AUGUST 2026
Total oil produced: 814.12 barrels
Oil sales: 321.88 barrels (2 loads)
Total water produced: nil recorded
Two loads of oil were sold during August, totalling 321.88 barrels, with the balance of the month's production held in tank on the lease for future loads.
As always, your monthly financial statement is available through your investor account portal.
Our next scheduled investor portal update will be released on October 12th, 2026.
Best regards,
THE ASE TEAM
