Dear Valued Investor Partners,
We hope this update finds you well.
Please see below the latest progress report regarding the ASE 3 (Phase 2) well at the Seminole County oilfield.
ASE 3 WELL – August Production Performance:
OPERATIONS UPDATE
Solid Performance: We are pleased with the production rates from ASE 3, which continue to exceed expectations. The well is producing above projected levels with no operational issues.
Capital Recovery Analysis: We are currently finalizing outstanding invoices with our CFO, Peter Fagan, in order to calculate the remaining capital required to be recovered before investors can expect to recommence receiving monthly revenue disbursements. We acknowledge that additional unforeseen costs may arise, making this a dynamic calculation. This analysis will provide clear visibility on the estimated timeline for return to regular distributions, and we will endeavour to include it in our next portal update.
Maintenance Status: No immediate intervention plans required. The well continues to operate smoothly with all systems performing optimally.
ASE NEW INVESTOR PORTFOLIO MANAGEMENT PLATFORM
All monthly statements are now accessible through our Investment Portfolio Platform. For platform access assistance and all other inquiries or investor-related support, please contact Claudia Brugge at claudia.v@alphasevenenergy.com.
UPCOMING COMMUNICATIONS
Our next investor portal update will be released on October 10th (US time).
Best regards,
THE ASE TEAM
