Dear Valued Investor Partners,
We hope this update finds you well.
As shared in our previous communication, we are making significant progress on the Seminole project. We are pleased to announce the successful completion of Step 1: the re-stimulation of the ASE 3 well, marking a key milestone in advancing the project.
Next Steps in Project Development
We are now progressing with the following phases:
Phase 1 - Step 2 (Estimated Commencement: Mid-Month)
- ASE 1: Completion of the Booch pay zone.
- ASE 2: Completion of the Woodford Shale Zone, co-mingled with existing Hunton production.
Phase 3 - Step 3 (Planned for Q1 2025)
- ASE 4: Perforation and completion in the Booch pay zone.
Phase 4 - Step 4 (Planned for Q1 2025)
- Lois 1: Perforation and completion in the Booch pay zone.
Phases 5, 7 & 8 - Step 5 (Drilling planned to commence in Q1–Q2 2025)
- Drilling Expansion: Our strategy involves drilling additional wells in Seminole County to maximize hydrocarbon recovery.
- Investor Participation: For investors in Phases 5, 7, and 8, we plan to provide working interest in each new well drilled.
Our Commitment to You
We remain committed to executing these steps efficiently and delivering the best possible outcomes for our investors. Your trust and patience are invaluable as we work together to unlock the full potential of the Seminole County oilfield.
Thank you for your continued support and partnership.
Best regards,
The Alpha Seven Energy Team
