Principal Solar, Inc. provided an operational update regarding its recent partnership with Houston-based Aramis, LLC (“Aramis”). The two companies entered into a partnership agreement in June of 2022 for the purpose of reworking eight (8) wells in Caldwell County, Texas. A variety of factors contribute to overall well production performance, including initial well pressures, equipment testing and operational status, and the tested quality/acceptability of the oil produced.

Additional details, including normalized production rates and the wells' anticipated financial performance, are expected to be made available once the initial evaluation periods are complete.