Black Gold Announces Commencement of Oil Production at Fritz 2-30

Core Insights - BGX has officially transitioned from an exploration company to a production company with the commencement of production at its Fritz 2-30 well in Clay County, Indiana [1][2] - The company achieved this milestone on schedule and is now positioned to scale its operations methodically, focusing on one formation at a time [3][4] Production and Growth Strategy - The Fritz 2-30 well was advanced rapidly from seismic analysis to production in under four months, showcasing BGX's operational efficiency [4] - BGX plans to collaborate with its joint venture partner LGX Energy Corp. to bring several additional wells online quickly to drive growth [4][8] Marketing and Corporate Awareness - To enhance corporate visibility, BGX has entered into a marketing and distribution service agreement with Hillside Consulting and Media Inc. for a term of three months, starting June 4, 2025 [5] - The agreement includes a cash fee of CAD 25,000 plus applicable taxes, and Hillside will utilize only publicly available information for marketing efforts [5]