An announcement from BGX – Black Gold Exploration Corp. ( (TSE:BGX) ) is now available.
Black Gold Exploration Corp. has begun drilling the Fritz 2-30 oil and gas well in Clay County, Indiana, marking a significant milestone for the company. By acquiring a 10% working interest in the well, BGX aims to tap into untapped oil reserves in the Illinois Basin, leveraging advanced seismic evaluation to explore deep-seated fractures and multiple pay zones. This development aligns with BGX’s strategic plan to expand its presence in the Illinois Basin, potentially unlocking substantial value and enhancing cash flow.
More about BGX – Black Gold Exploration Corp.
Black Gold Exploration Corp. operates in the oil and gas industry, focusing on exploration and development activities. The company is involved in projects within known productive zones, aiming to expand its footprint and increase cash flow through strategic investments and partnerships.
YTD Price Performance: 62.50%
Average Trading Volume: 1,378
Technical Sentiment Consensus Rating: Hold
Learn more about BGX stock on TipRanks’ Stock Analysis page.