2nd December 2024, Update

Dear Valued Investor Partners,

We hope this update finds you well.

As outlined in our previous communication, we are making significant progress on the Seminole project. We are pleased to announce the successful completion of Step 1: the re-stimulation of the ASE 3 well. This marks a key milestone in advancing the project.

_{Next Steps in Project Development}

We are now moving forward with the following phases:

Phase 1 - Step 2 (Estimated Commencement: Mid-Month)

• ASE 1: Completion of the Booch pay zone.
• ASE 2: Completion of the Woodford Shale Zone, co-mingled with existing Hunton production.

Phase 3 - Step 3 (Planned for Q1 2025)

• ASE 4: Perforation and completion in the Booch pay zone.

We are committed to executing these steps efficiently, aiming to deliver the best possible outcomes and maximize value for our investors.

_{Our Commitment to You}

Your trust and patience are invaluable as we advance through these critical milestones. Thank you for your continued support and partnership as we work to unlock the full potential of the Seminole County oilfield.

Best regards,
The Alpha Seven Energy Team