BGX - Black Gold Exploration Corp.（“公司”或“GX”）（CSE：BGX）（FRE：P30）欣然宣布，位于印第安纳州克莱县的 Fritz 2-30 油气井（“钻井”）的钻探工作已经完成（“钻井计划”）。BGX 持有该油井 10% 的权益，并有权参与 LGX Energy Corp（“GX”）在油井周围 210 英亩共同利益区域（“MI”）内钻探的任何偏移开发井。

发现多个产油层

钻探计划旨在根据 3D 地震分析确定的地质特征测试潜在产油层。有多个区域疑似存在高孔隙度，LGX 现已确认 Carper Sand 和 Devonian 地层中存在多个产油层。所有这些地层的总深度均超过 1,900 英尺。

“这些结果证实了我们对 3D 地震和其他已汇编数据的分析的准确性。我们对该钻探计划的结果非常满意，并相信该油田仍有更多未开发的价值，”LGX 首席执行官 Howard Crosby 评论道。

可能钻探多口邻井

通过钻探计划，我们还确定，根据这些初步结果，有可能在此发现井的基础上钻探更多邻井。这将包括额外的 Carper Sand 井和多个 Devonian 井位置。

我们对钻探计划的结果感到非常兴奋。 “我们不仅发现了多个产油区，而且现在预计还有可能再开发几个补偿井，”BGX 首席执行官 Francisco Gulisano 表示。

生产和持续增长之路

钻井计划表明，该井可在未来 30 到 60 天内完工并转变为生产井。该公司目前正与 LGX 合作完成该井并开始开采。在未来几周内，LGX 的运营商将进行抽样测试和流量测试，以评估该井的生产力和储层特征。根据这些测试的结果，该公司预计能够估计该井的产量以及有关补偿井计划的更多细节。

“我很高兴能够向股东报告，我们在伊利诺伊盆地的战略已取得成效。我们不仅有可能最早在下个季度开始为公司产生现金流，而且 Fritz Well 似乎只是与 LGX 建立有利可图的合作伙伴关系的开始，”Gulisano 先生补充道。

意识不断增强

BGX 在伊利诺伊盆地的快速增长已开始引起人们的关注。公司很高兴分享一篇来自第三方的文章：https://rb.gy/3yqkal

BGX - Black Gold Exploration Corp. (the “Company” or “BGX) (CSE: BGX) (FRE: P30) is pleased to announce that drilling at the Fritz 2-30 oil and gas well (the “Well”) in Clay County, Indiana, has been completed (the “Drill Program”). BGX holds a 10% working interest in the Well and an option to participate in any offset developmental wells drilled within a 210-acre area of mutual interest surrounding the Well (the “AMI”) from LGX Energy Corp (“LGX”).

MULTIPLE PAY ZONES DISCOVERED

The Drill Program set out to test potential pay zones based on geological features identified by 3D seismic analysis. There were multiple zones with suspected high porosity and LGX has now confirmed multiple pay zones in the Carper Sand and Devonian formations. All these horizons are above 1,900 feet of total depth.

“These results confirm the accuracy of our analysis of the 3D seismic and other data we have compiled. We are very happy with the results of this drill program and believe there continues to be even more untapped value in this oil field,” commented Howard Crosby, CEO of LGX.

POTENTIAL FOR SEVERAL OFFSET WELLS

Through the Drill Program, it was also determined that based on these initial results, there is the potential for several more offset wells based on this discovery well. This would include additional Carper Sand wells and multiple Devonian well locations.

“We are thrilled with the results of the Drill Program. Not only did we uncover multiple pay zones, but we now anticipate the potential for several more offset wells,” stated Francisco Gulisano, Chief Executive Officer of BGX.

PATH TO PRODUCTION AND CONTINUED GROWTH

The Drill Program showed that the Well can be completed and turned into a producing well within the next 30 to 60 days. The Company is now working with LGX to complete the Well and commence extraction. Within the coming weeks, the operator for LGX will perform a swab test and flow test to assess the Well’s productivity and reservoir characteristics. Based on the results of these tests, the Company expects to be able to estimate production from the Well and further details regarding plans for offset wells.

"I am very happy to be able to report to our shareholders that our strategy in the Illinois Basin has paid off. Not only do we have the potential to start producing cash flow for the Company as early as next quarter, but it appears the Fritz Well may be just the beginning of a lucrative partnership with LGX," added Mr. Gulisano.

GROWING AWARENESS

BGX’s rapid growth in the Illinois Basin has started attracting attention. The Company is pleased to share one such article from an arm’s length third-party: https://rb.gy/3yqkal