Valued Partners,
Each day that our team has continued to swab the ASE 4 well we have seen improvements in the oil-to-water ratio, and the very latest control samples are showing up to a 100% oil cut. Currently we have recovered just under 60% of the total load water used to complete the sand stimulation, and by all reports from our registered Petroleum Engineer, Dean Pearce, the well's performance is better than expected, and the increase in oil cut supports the Misener/Hunton core results.
This week, we will be installing the PCP along with the natural gas generator, and the ASE 4 will officially commence its production phase.
Senior Partner & COO� McLoughlin recorded three short videos that cover the EIA (Energy Information Administration) report released in Q1 of 2021, WTI price, and the current oil rig count chart. All of these videos support the ever-growing gap in supply and demand of oil, and why most experts are predicting WTI to continue to increase in value.
https://youtu.be/4lu4LkP3J_8
https://youtu.be/A8D2Lb0QY78
https://youtu.be/l5aEWhf7fWA
https://youtu.be/ukMSFAUIbLU
