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5th September 2025, Update

September 5, 2025

Dear Valued Investor Partners,

We hope this update finds you well.

Below is a summary of recent developments regarding the Phase 4 well at the Seminole County oilfield.

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LOIS 1 WELL - STRATEGIC DEVELOPMENT DECISION

Project Status: The Lois 1 completion remains on hold as we continue our data-driven approach to field development.

Strategic Rationale: As outlined in previous portal updates, we have strategically paused the Lois 1 completion based on the lack of commercial success in both ASE 1 and ASE 4 Booch formation tests. We are now awaiting the drilling and completion of the Lois Anne 1 well, which is estimated to commence on September 15th.

ASE 1 Development Update: Despite the Booch formation challenges, since we opened up the Woodford formation, the ASE 1 demonstrates strong hydrocarbon shows, and we believe it will develop into a commercial well once we complete the scheduled downhole pump repairs, or replacement (if required).

Formation Selection Strategy: Our methodical approach ensures we select the most productive formation (Woodford or Booch) based on comprehensive field performance data and actual well results rather than geological projections alone.

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ASE NEW INVESTOR PORTFOLIO MANAGEMENT PLATFORM

For platform access assistance and all other inquiries or investor-related support, please contact Claudia Brugge at claudia.v@alphasevenenergy.com.

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UPCOMING COMMUNICATIONS

Our next investor portal update will be released on October 10th (US time).

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Best regards,

THE ASE TEAM

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