5th April 2025, Update

Dear Valued Investor Partners,

We hope this update finds you well.

Before proceeding with the project update, we would like to inform you that all required financial reports have been submitted to our accountants for the processing of the K-1 forms.

Please find below the latest developments in our project strategy and the next steps underway.

Following recent discussions with several investors and a careful review of overall sentiment, the General Partner has elected to proceed non-consent for the recompletion of the ASE 4 well. This strategic decision places the financial responsibility for the recompletion entirely on Alpha Seven Energy, eliminating the need for additional capital contributions from Limited Partners.

Key Highlights of the Non-Consent Election

• No Immediate Capital Risk
  As a non-consenting party, you are not required to fund recompletion costs or cover the current balance of the joint account.
• Future Revenue Participation
  If the recompletion proves successful, initial revenues from the well will repay the consenting parties for incurred costs plus the non-consent penalty (as per the JOA). After full recovery, non-consenting partners will begin receiving their share of net revenue.
• Proven, Long-Life Formation
  The Booch Formation has demonstrated long-term productivity, with wells in the region historically producing for 30 to 60+ years, presenting meaningful long-term upside.

Recompletion Timeline & Field Activity

We had originally planned to circulate formal documents—including the detailed workover plan, Authorization for Expenditure (AFE), and related materials—prior to scheduling the recompletion.

However, due to a timely opening in the schedule of both the workover crew and frack company, we fast-tracked the operation and initiated the ASE 4 recompletion ahead of plan. Below is a brief summary of this week’s Phase 3 (ASE 4 well) activity:

• Tuesday: Perforation of approximately 8 feet of the Booch interval was successfully completed
• Wednesday: ASE 4 underwent hydraulic fracturing as scheduled

Next Steps: Flowback & Monitoring

• The well is currently resting, and we anticipate entering the flowback phase on Tuesday
• Over the 2 weeks, we will be recovering the frac fluids used in the hydraulic fracturing process
• After this time, we anticipate seeing an increased oil cut
• Additional details and progress updates will be included in the next portal release

Upcoming Communication

In the next 7 days, each Limited Partner will receive a direct email containing:

• The detailed workover plan
• The Authorization for Expenditure (AFE)
• Other relevant supporting documentation

On-Site Inspection

Senior Partners Dylan Knight and Grant McLoughlin were on-site Wednesday to observe the frack process. They also captured video footage and conducted an interview with the Chief Superintendent of the fracking company. Highlights from the visit will be shared in the next portal update.

The next investor update will be released at the end of the first week of May.

We sincerely appreciate your continued trust and support as we advance the development of the Seminole County oilfield.

Best regards,
The ASE Team