Black Gold Exploration Corp. (BGX) has recently provided an update on its Fritz 2-30 oil and gas well in the Illinois Basin. The company has confirmed the existence of four hydrocarbon-bearing formations within a single vertical column, allowing for multi-zone development and increasing growth potential. This discovery will inform future drilling efforts, potentially leading to further expansion across new formations and solidifying BGX's position in the industry.

More about BGX – Black Gold Exploration Corp.

Black Gold Exploration Corp. is focused on oil and gas exploration and production in the Illinois Basin, aiming to create value for shareholders. The company utilizes modern drilling and completion technologies to maximize its asset base, including a joint venture agreement with LGX Energy Corp. for strategic interests in the region.

• Average Trading Volume: 52,826
• Technical Sentiment Signal: Strong Sell

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