Valued Partners,
Due to the torrential rains experienced over the weekend and Monday, the final stage of setting up the BDW 650 (ASE 3 rig) has been delayed. Two tandem trucks and a crane are required to be positioned off the all-weather road to raise the derrick. Due to the time required for the ground to dry and the Thanksgiving holiday on Thursday and Friday, we anticipate this final stage of the rig setup to be completed next week, with drilling to commence shortly afterwards.
Please see the attached "Authorization Agreement for Automatic Deposits" form, which all investor partners are requested to complete and return to peter.f@alphasevenenergy.com. This will allow Alpha Seven Energy to initiate automatic deposits (oil & gas net revenue disbursements) to your designated bank account.
Click to Download Authorization Agreement for Automatic Deposit
Each investor partner's working interest allocation has now been uploaded into our new oil & gas accounting software/platform called Sherware. There is a short 2-minute video on their homepage which explains the features Sherware provides.
