Valued Partners,
Alpha Seven Energy is pleased to report that the OCC ed the permit to commence the drilling of the ASE 4 well. The Phase 4 well, the Lois 1, is next in line to be drilled afterwards. As covered in previous portal updates, the ASE rig #3 is set-up and (weather permitting) we are scheduled to start our pre-drilling safety checks late this week, with spudding to follow.
This week we are planning to set up two cameras on the location of the ASE 4. One of the cameras will be positioned on the doghouse, giving you a close-up experience of the drilling process 24/7, and the other will be located on the edge of the drilling pad so as to capture all of the activities around the ASE rig #3. Once drilling commences, we will give each Investor Partner their own individual logins to the cameras and Pason (our real-time monitoring technology for our drilling operations). This will give you an idea of what you should expect when we commence drilling the Lois 1 well (Phase 4) shortly afterwards.
We have received a high level of interest in Seminole County Phase VII (ASE 7 well), with many current Investor Partners securing additional investment. All remaining units have now officially been released to new prospective investors via our global capital raising channels. Any investors still yet to diversify into the ASE 7 well may want to register their interest to participate with one of the Alpha Seven Energy senior partners.
