Dear Valued Investor Partners,
We hope this update finds you well.
Senior partners Dylan Knight and Grant McLoughlin made the trip from the ASE Dallas HQ to Seminole County to observe the hydraulic fracturing process of the ASE 4 well. They returned to Seminole County on April 10 to witness the ASE 4 well officially turn on and enter flowback.
Hydraulic Fracturing Process:
Unfortunately, during the final stage of flowback, fluid entry dropped, which indicates that the frack or formation sands are clogging the perforations and the pump. The well is currently offline.
To address this challenge, we need to invest additional capital to:
We are working diligently to expedite this process as soon as possible, as we are extremely motivated to get this well completed and into production.
We have provided two videos for your review:
We remain confident that we can resolve the current fluid entry issue and restore this well to oil and gas production. Our technical team is implementing industry-standard solutions to address the sand clogging issue.
As part of our commitment to continuously improving our service to you, we are introducing two significant enhancements:
1. Alpha Seven Energy Investment Portal Our new investment portal launches at the end of June, offering:
We will provide a detailed video walkthrough of the portal's functionality upon release.
2. Dedicated Investor Relations Support We are delighted to welcome Claudia van Brugge (claudia.v@alphasevenenergy.com) to the ASE Team. As your dedicated Investor Relations Associate, Claudia brings:
All portal updates will be released on the 10th of each month (or the next business day). This schedule allows us to gather comprehensive and current information for all 15 individual portals.
We remain committed to raising the bar in investor relations and operational standards.
Best regards,
The ASE Team
