Valued Partners,
The bulk of the BDW 650 (ASE rig 3) has been moved to the ASE 4 drilling pad, allowing room for the workover rig to commence completion of the ASE 3 well. Due to Seminole County experiencing torrential rain over the past few days and the Thanksgiving holiday (Thursday-Friday), we do not anticipate the well to be completed this week. With now over 30 staff members working on this project, we estimate the ASE 3 will be completed in a relatively short period of time, followed by oil & gas production.
Please see the attached "Authorization Agreement for Automatic Deposits" form, which all investor partners are requested to complete and return to peter.f@alphasevenenergy.com. This will allow Alpha Seven Energy to initiate automatic deposits (oil & gas net revenue disbursements) to your designated bank account.
Click to Download Authorization Agreement for Automatic Deposit
Each investor partner's working interest allocation has now been uploaded into our new oil & gas accounting software/platform called Sherware. There is a short 2-minute video on their homepage which explains the features Sherware provides. https://sherware.com/
