お知らせ • Sep 26
BGX - Black Gold Exploration Corp. announced that it expects to receive CAD 2 million in funding BGX - Black Gold Exploration Corp announced a non brokered private placement of up to 33,333,333 units of the company at a price per share of CAD 0.06 for an aggregate gross proceeds of up to 19,999,999.8 on September 25, 2025. The securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance. Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant, each warrant to be exercisable at CAD 0.12 for a period of 24 months following the closing of the offering, provided that, if the closing price of the common shares on the Canadian Securities Exchange exceeds cad 0.25 per common share for three consecutive trading days, the company shall have the right to accelerate the expiry date of the warrants to a date that is 30 days from date on which the company issues an acceleration notice through a news release, provided the acceleration notice is issued within 10 calendar days of the acceleration date. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange. お知らせ • Jun 27
Black Gold Exploration Corp. Outlines Strategy for Expansion Black Gold Exploration Corp. announced another significant development in its strategic partnership with LGX Energy Corp. Through the Company's 10% interest in the Fritz 2-30 well and surrounding 210-acre Area of Mutual Interest ("AMI"), the Company will be able to participate up to 10% in the drilling and development of an estimated 20 to 25 additional wells in the prolific Illinois Basin. The AMI encompasses a strategically defined corridor of oil-bearing leases and prospects within the Illinois Basin. Utilizing 3D seismic technology, the JV has accurately mapped subsurface structures, leading to the successful identification and targeting of high-potential drilling locations. This analysis, combined with the analysis of new data from the now producing Fritz 2-30 well, has led to the expectation of the development of another estimated 20 to 25 wells within the AMI. The Fritz 2-30 will serve as a template for this multi-well development strategy, having validated the seismic analysis. From Exploration to Production: The Fritz 2-30 well produced over 500 barrels within the first 10 days of production. Normalized production of the well has not yet been established as production is temporarily brought offline for further drilling to access the additional pay zones that have been identified. The Company expects to provide a more detailed update once it receives its first payout from this well, which is expected next quarter. Per the terms of the JV, BGX is able to participate in up to 10% of each new well developed in the AMI. Based on current estimates, the Company anticipates that the drilling and development of each new well will cost the Company between $25,000 and $45,000 depending on the formation and depths required. The Company and LGX are aiming to bring the 20+ wells online by the end of 2026. The Company expects to fund its portion of the developments through additional capital raises. お知らせ • Jun 04
Black Gold Exploration Corp. Announces Commencement of Oil Production At Fritz 2-30 Black Gold Exploration Corp. announced that production has officially commenced at its flagship Fritz 2-30 well in Clay County, Indiana. This significant milestone marks BGX's evolution from an ambitious exploration company to a full-fledged oil and gas producer -- a pivot the Company achieved on schedule and on strategy. Through its joint venture with LGX Energy Corp. ("LGX"), BGX rapidly advanced the Fritz 2-30 well from seismic, to permitting, to drilling to production at a pace that is rare for junior oil and gas companies. In the coming weeks the coming will release detailed data on production figures and reserves. Growth Chapter begins: In the Company's view, the Fritz 2-30 well is just the first chapter of a broader story. The Company has now proven it can take a well from seismic analysis to production in under four months. BGX now plans to work with its JV partner LGX to bring several other wells online in an expedited fashion to fuel growth in the Company for all its stakeholders. Marketing Awareness: To further fuel this growth, the Company has entered into a marketing and distribution service agreement with an arm's-length marketing firm, Hillside Consulting and Media Inc. ("Hillside") of Penticton B.C., to provide digital marketing services, including SEO, PPC, email, YouTube and social media channels to increase corporate awareness for a term of three months commencing June 4, 2025. The media disseminated will be generated using only publicly available information. The Company will pay Hillside a cash fee of CAD 25,000 plus applicable taxes. Hillside does not currently own any shares of the Company. 
