11th November 2025, Update

Dear Valued Investor Partners,

We hope this update finds you well.

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LOIS ANNE #1 WELL - LATEST UPDATE

October Testing Activities: Drilled and completed in September 2025, tested throughout October.

1st Wilcox Formation Test Results:

• Initial swab runs post-acid treatment showed promising flow rates
• Well was put on pump with the first 24 hours producing 60 barrels of fluid at approximately 25%-30% oil cut
• Subsequently, fluid rates and oil cut dropped significantly
• Pump card analysis showed no fluid above perforations
• Decision: 1st Wilcox deemed non-commercial at the Lois Anne #1 well location

October Production (1st Wilcox Test Period):

• Oil: 45 barrels
• Water: 130 barrels

Next Steps - Hunton Formation Completion: Based on the non-commercial results from the 1st Wilcox, a completion procedure has been prepared to:

• Set a plug over the 1st Wilcox perforations
• Move up hole to the Hunton formation
• Perforate the Hunton in the interval of 3,948' - 3,972' with 3 shots per foot
• Log and sample analysis show a very high probability of success from the Hunton formation

November Timeline: Completion rig operations to commence in mid-November.

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INVESTOR SUPPORT

If you have any questions about accessing your account, or any investor-related inquiries, please contact:

Claudia Brugge Investor Relations Associate Email: claudia.v@alphasevenenergy.com

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Best regards,

THE ASE TEAM