Valued Partners,
As mentioned in our previous portal updates, the Lois 1 is the next well to be drilled after the ASE 4. ASE rig #3 is ready to commence drilling this well, with the drilling crew on stand-by waiting for the OCC's final permit to commence our drilling operations.
The ASE team is very pleased to offer all Phase 4 Investor Partners the ability to experience the ASE 4 well being drilled and completed. This will give you great insight regarding what to expect when we commence drilling the the Lois 1 well. All Phase 4 Investor Partners will have access to the live feed cameras on-site so you can watch the complete drilling process 24 hours per day. Individual log-ins to Pason will also be provided, allowing investors to monitor the progression of drilling in real time (to target depth of 4,250 ft).
Additionally, Phase VII (ASE 7 well) has now officially been released, with all ASE Investor Partners having first right of acceptance. After Friday the 29th of January, any remaining units will be offered to prospective ASE investors. Please click on the link below.
First Right of Acceptance Letter
