Valued Partners,
The drilling rig at the Lois 1 well location is pending assembly. Due to COVID-related delays, our operations team has been waiting longer than expected for some key components of the rig. The parts are now en route and we will complete construction and begin drilling once they arrive. All Seminole partners will have access to real-time drilling data on the Lois 1 via Pason's software.
Seminole Phase 1 investors are scheduled to receive their 9th gas revenue payments and Seminole Phase 1 & 3 investors are scheduled to receive their 1st oil revenue payment by the end of the month. Additionally, the dual-zone stimulation of the ASE 1 is scheduled to be conducted by Quasar on October 7th.
The ASE 3's new 456 pumpjack is continuously removing load water from the well, and we are seeing an improvement in the oil cut, while the ASE 2 & 4 continue to dewater.
Please see the videos below for additional information.
