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.
Lois 1 Well - Strategic Development Decision
We have strategically prioritized gathering comprehensive field data before proceeding with the Lois 1 well completion. Our technical team will await successful recompletion of the ASE 1 well in the Woodford formation and completion of drilling the Lois Anne 1 well before finalizing the Lois 1 completion design. This methodical approach ensures we maximize production potential through data-driven decision making.
Data-Driven Approach: This methodology enables us to make the most informed completion decision based on our geologist John Downs' extensive experience and technical expertise. With performance data from both the ASE 1 Woodford recompletion and the new Lois Anne 1 well (targeting multiple pay zones), we will have comprehensive formation analysis across multiple productive zones.
Formation Selection Strategy: This comprehensive data collection will allow us to definitively select which formation - whether the Woodford formation or the Booch formation - should be targeted first for the Lois 1 well. We will also be able to determine the exact completion process to optimize oil and gas production based on actual field performance rather than geological projections alone.
Risk Mitigation: By prioritizing this critical data collection, we minimize completion risk and maximize the probability of achieving optimal production rates from the Lois 1 well, ensuring the best possible returns for our investors while avoiding the fluid entry challenges that have affected other wells in the Booch formation, like the ASE 4 and ASE 1 wells.
ASE NEW INVESTOR PORTFOLIO MANAGEMENT PLATFORM
If you have not yet received your registration email, your Limited Partnership is next in our setup queue, with registration emails being sent on a rolling basis. All remaining registrations are expected to be completed by August 18th.
For any questions or assistance with platform access, please contact Claudia Van Brugge at claudia.v@alphasevenenergy.com.
UPCOMING COMMUNICATIONS
Our next investor portal update will be released on August 11th (US time).
Best regards,
THE ASE TEAM
