Dear Valued Investor Partners,
We hope this update finds you well.
ASE-4 WELL
As communicated in prior portal updates, the previously proposed conversion of the ASE-4 to a saltwater disposal well (SWD) remains on pause while three priority workstreams progress in parallel. The team is awaiting the results of the wells currently being drilled at our Oddfellows oilfield, following up with the seismic survey company to confirm scheduling, and seeking approval from surrounding landowners for seismic survey access.
Once these workstreams have advanced, we will be in a stronger position to determine the optimal path forward for the ASE-4 and will provide an updated plan to all Phase 3 investors.
Our next investor portal update will be released on or around June 12th, 2026.
Best regards,
THE ASE TEAM
