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January 21, 2021

January 21, 2021

Valued Partners,

ASE rig #3 is ready to commence drilling, with the drilling crew on stand-by waiting for the OCC's final permit to commence our drilling operations.

All Phase 3 Investor Partners will have access to the live feed cameras on-site so you can watch the complete drilling process 24 hours per day. Individual log-ins to Pason will also be provided, allowing investors to monitor the progression of drilling in real time (to target depth of 4,250 ft).

Additionally, Phase VII (ASE 7 well) has now officially been released, with all ASE Investor Partners having first right of acceptance. After Friday the 29th of January, any remaining units will be offered to prospective ASE investors. Please click on the link below.

First Right of Acceptance Letter

https://youtu.be/8JTMNPOvnFo

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