Black Gold Turns the Tap On: BGX Enters Production Phase with Fritz 2-30 Well

Key Highlights:

• BGX begins oil production at Fritz 2-30 in Indiana, marking its shift from exploration to production
• Milestone achieved in under four months through joint venture with LGX Energy
• Stock jumps 8.57% to C$0.185 amid strong investor response
• Strategic marketing push underway to amplify awareness

In a decisive pivot from exploration to production, Black Gold Exploration Corp. (CSE: BGX | OTCQB: BGXCF | FRA: BLGX) has officially commenced oil production at its flagship Fritz 2-30 well in Clay County, Indiana—a transformational milestone that positions the company among active producers in the Illinois Basin.

“Today, BGX ceases to be just an exploration story,” declared CEO Francisco Gulisano. “We are now a production company.”

The company’s evolution comes via a nimble joint venture with LGX Energy Corp., a partnership that rapidly brought the Fritz 2-30 well from seismic mapping to commercial output in less than four months. For junior energy companies, that timeline is nothing short of remarkable and underscores the operational discipline behind BGX’s execution.

While production figures and reserves will be detailed in upcoming releases, the company has already set its sights on scaling. “This is just the beginning,” Gulisano noted, as BGX aims to replicate its streamlined approach across multiple formations with “real production, real data, and real returns.”

Howard Crosby, CEO of LGX, added, “Our teams are proving what’s possible when you combine legacy geology with modern execution.”

Beyond the wellhead, BGX is also investing in its investor visibility. The company signed a three-month digital marketing agreement with Hillside Consulting and Media Inc. to expand its online footprint through SEO, PPC, social media, and email campaigns. The initiative, funded at C$25,000, will use only publicly available data and comes as investor interest ramps up.

That interest was clearly reflected on the markets: BGX shares surged 8.57% to C$0.185 in early Wednesday trade on volume nearly 10 times the daily average. With a 52-week range of C$0.05 to C$0.33, momentum appears to be building for the newly crowned producer.

Now, with oil flowing and a blueprint for scalable growth, BGX is no longer just exploring energy—it’s producing it.