Phase 2 (ASE 3)
Valued Partners,
Per our strategy that was outlined in previous portal updates, here is the latest news on the ASE 4 well. The pumpjack is currently removing load water at a rate of approximately 150-250 barrels of fluid per day. Additionally, the ASE 4 is currently producing approximately 100 MCF of gas per day, and we expect to see improvements in the oil cut in the coming weeks.
We are closely monitoring the ASE 4’s progress and will promptly report any change in production. Once the oil cut improves and the acid stimulation has been deemed successful, we plan to execute the same strategy on the remaining Misener wells in our Seminole County project.
