BGX - Black Gold Exploration Corp. has announced a significant new development in its strategic partnership with LGX Energy Corp. Through this collaboration, BGX will hold a 10% interest in the Fritz 2-30 well and the surrounding 210-acre Area of Mutual Interest in the Illinois Basin. This agreement allows BGX to participate up to 10% in the drilling and development of an estimated 20 to 25 additional wells in the region. The company plans to leverage existing infrastructure for a capital-efficient multi-well development strategy, aiming to create shareholder value while maintaining high operational confidence.
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