Dear Valued Investor Partners,
We hope this update finds you well.
Before proceeding with the project update, we would like to inform you that all required financial reports have been submitted to our accountants for the processing of the K-1 forms
Below is a summary of the latest developments concerning the Lois 1 (Phase 4) well.
We have encountered some delays in securing the necessary approvals to complete the well. While all drilling and completion teams are actively engaged, we are currently awaiting final approval.
Due to additional paperwork and approval processes, we now anticipate commencing the completion work in mid-to-late May.
The ASE team remains highly motivated to bring the Lois 1 well online and into production as soon as possible. Most importantly, we are eager to begin distributing monthly revenue payments to you, our valued investors, who have shown exceptional patience throughout this process.
Our next investor portal update will be published at the end of the first week of May.
Best regards,
The ASE Team
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