Valued Partners,
We are very pleased to announce that the ASE 3 pumpjack is fully operational. All of the well's facilities are completely set-up, and the oil lines are connected to the separator and the battery tanks which store the oil.
Currently we are monitoring fluid production levels, and have taken samples to the laboratory. Based upon these results, we may look to conduct a sand stimulation to open up the Misener formation, with the intention of greatly increasing the oil production.
We have received a high level of interest in Seminole County Phase VII (ASE 7 well), with many current Investor Partners securing additional investment. All remaining units have now officially been released to new prospective investors via our global capital raising channels. Any investors still yet to diversify into the ASE 7 well may want to register their interest to participate with one of the Alpha Seven Energy senior partners.
