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 our Seminole County oilfield.
The well was offline for a few weeks in April due to the engine needing to be replaced. Our Pumper (Rick) informed us that the engine had lost compression. Usually a sign of something internal or with the electronics. Recommend replacement with a new or newly rebuilt model. After sourcing additional funds, we are pleased to report that the engine has been replaced and the well is back into production, producing over 10 barrels in just the first 3 hours.
On Wednesday, the 2nd of April, Senior Partners Dylan Knight and Grant McLoughlin conducted a site inspection at the Seminole County project. Here is a video created from their trip.
As part of our commitment to continuously improving our service to you, we are introducing two significant enhancements:
1. Alpha Seven Energy Investment Portal
Our new investment portal launches at the end of June, offering:
We will provide a detailed video walkthrough of the portal's functionality upon release.
Please note, there is no settlement statement to be provided this month. This is due to the transition process of moving over to our brand-new investment portal software.
2. Dedicated Investor Relations Support
We are delighted to welcome Claudia van Brugge (claudia.v@alphasevenenergy.com) to the ASE Team. As your dedicated Investor Relations Associate, Claudia brings:
All portal updates will be released on the 10th of each month (or the next business day). This schedule allows us to gather comprehensive and current information for all 15 individual portals.
We remain committed to raising the bar in investor relations and operational standards.
Best regards,
THE ASE TEAM
