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BGX Transitions to Oil Production with Fritz 2-30 Well Launch

Story Highlights
  • BGX has started oil production at its Fritz 2-30 well, marking its shift to a production company.
  • The company plans to scale operations and enhance visibility through a new marketing agreement.
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An announcement from BGX – Black Gold Exploration Corp. ( (TSE:BGX) ) is now available.

BGX has announced the commencement of oil production at its Fritz 2-30 well in Indiana, marking its transition from an exploration company to a production entity. This milestone, achieved through a joint venture with LGX Energy Corp., positions BGX to scale its operations and bring additional wells online, supported by a new marketing agreement to enhance corporate visibility.

More about BGX – Black Gold Exploration Corp.

BGX – Black Gold Exploration Corp. is an oil and gas exploration and production company operating in the Illinois Basin. The company focuses on creating shareholder value through modern drilling and completion technologies, supported by an experienced technical team and a growing asset base.

Average Trading Volume: 33,390

Technical Sentiment Signal: Buy

See more data about BGX stock on TipRanks’ Stock Analysis page.

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