Phase 2 (ASE 3)
Valued Partners,
We would like to provide you with an update on the Seminole County project. We appreciate your patience and want to assure you that our team has been working diligently to gather substantial information from our legal team. We have been cooperating with our legal team to ensure that all partners are provided with the latest progress.
We are pleased to inform you that our legal team is highly confident that ASE Operations LLC will replace the current operator. However, at present, we do not have an estimated time frame for achieving this. Nonetheless, we anticipate being able to provide more details in the coming weeks.
We understand that this situation can be frustrating for our partners, and we want to assure you that Alpha Seven Energy is 100% committed to achieving the best possible outcome for the Seminole County project. Our ultimate goal is to take full control of the wells/lease and maximize the extraction of hydrocarbons as the new operator.
We appreciate your patience and support throughout this process, and we will continue to provide regular updates on the progress of the Seminole County project.
