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BGX – Black Gold Exploration Corp. ( (TSE:BGX) ) has issued an update.
BGX has announced a significant development at its Fritz 2-30 oil and gas well in the Illinois Basin, confirming the presence of four hydrocarbon-bearing formations within a single vertical column. This discovery allows for multi-zone development, enhancing the company’s potential for scalable and repeatable growth. The data-rich profile of the well will guide future drilling efforts, potentially leading to further development across new formations, thereby strengthening BGX’s position in the industry.
More about BGX – Black Gold Exploration Corp.
BGX – Black Gold Exploration Corp. is an oil and gas exploration and production company focused on creating shareholder value in the Illinois Basin. The company employs modern drilling and completion technologies to unlock value from its growing asset base, with a joint venture agreement with LGX Energy Corp. providing strategic interests in the region.
Average Trading Volume: 52,826
Technical Sentiment Signal: Strong Sell
For an in-depth examination of BGX stock, go to TipRanks’ Overview page.