Innovation Beverage (IBG) Group, along with its proposed merger partner BlockFuel Energy, announced the completion of an independent reserve report and outlined a multi-phase development plan for its Central Oklahoma oil and gas assets. The reserve report, effective December 31, 2025, was prepared during the period when operations across the asset base were temporarily shut-in. Since that time, BlockFuel has made significant operational progress, successfully returning 19 wells to production and demonstrating its ability to efficiently reactivate assets and generate cash flow.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBG:
- Innovation Beverage provides operational update on well reactivation program
- Innovation Beverage Group Takes Control of BlockFuel Energy as Reverse-Like Merger Reshapes Strategy
- Innovation Beverage acquires controlling interest in BlockFuel Energy
- Innovation Beverage Group Raises $6 Million in March Best-Efforts Equity Offering
- Innovation Beverage announes closing of $6M public offering