$BGX.c, Black Gold Exploration, at $0.06 on the CSE (Canada) with currently only a $1.04 million market-cap. Already producing oil and gas in the USA.
$BGX.c, Black Gold Exploration, at $0.06 on the CSE (Canada.).
Only 17.3 million shares outstanding for a current market cap of just $1.04 million.
Through its joint venture, the company participates in the producing Fritz 2-30 well in Indiana and has the right to take part in an estimated 20–25 additional wells. Management has indicated that BGX’s share of drilling costs may be only about US$25,000–45,000 per well, which is very modest relative to the potential cash flow if production meets expectations.
As per $BGX.c's update from March 18, 2026 the Fritz 2-30 well flow rates are forthcoming.
BGX's Fritz 2-30 well begins initial production: BGX PROVIDES OPERATIONAL UPDATE OF ITS OIL AND GAS PROJECTS