Dear Valued Investor Partners,
We hope this update finds you well.
ASE 4 WELL – STRATEGIC DEVELOPMENT OPTIONS
Current Status: The well remains shut-in following our comprehensive evaluation of production options.
TECHNICAL EVALUATION RESULTS
Compressor Testing: Our attempt to utilize gas compressor technology was unsuccessful due to insufficient casinghead gas volume and pressure.
Alternative Solutions: The vendor has provided a vapor recovery unit for potential testing as an alternative approach.
FUTURE DEVELOPMENT STRATEGIES
Woodford Formation Potential: Based on geological analysis of log data, ASE 4 shows promising indicators for Woodford formation recompletion. However, we plan to test this approach first on ASE 1 to validate the technique before implementing it on the ASE 4 well.
We are currently evaluating the opportunity to recomplete in the Woodford formation, similar to our successful approach with the ASE 2 well. John Downs, our geologist, along with our key technical personnel, unanimously agree this represents the best course of action if our alternative approach does not yield the desired results. Based on superior log data and geological positioning, there is a strong likelihood that ASE 4 could yield even better results than ASE 2.
ASE NEW INVESTOR PORTFOLIO MANAGEMENT PLATFORM
If you have not yet received your registration email, your Limited Partnership is next in our setup queue, with registration emails being sent on a rolling basis. All remaining registrations are expected to be sent by August 18th.
For any questions or assistance with platform access, please contact Claudia Van Brugge at claudia.v@alphasevenenergy.com.
UPCOMING COMMUNICATIONS
Our next investor portal update will be released on August 11th (US time).
Best regards,
THE ASE TEAM
