Bgx - Black Gold Exploration Corp. Stock

BGX - Black Gold Exploration Corp. is a Canada-based oil and gas exploration company. The Company is focused on acquisition, exploration and development of oil and gas projects. It is developing the El Carmen Project located in the Chubut Province of Argentina. It holds a 95% interest in the El Carmen hydrocarbon project. The property is located in the Chubut Province, Argentina, about seven kilometers from the Atlantic coast along the northern margin of the San Jorge Cretaceous age sedimentary basin. The San Jorge Basin ranks second of the five producing basins in Argentina and has proven oil reserves of about 160 million cubic meters (a billion barrels). The immediate area of El Carmen is a prolific oil and gas producer with a highly developed infrastructure. It has four contiguous El Carmen mine rights, covering 2,000 hectares.