Innovation Beverage Group updates on proposed BlockFuel Energy merger as reserve report completed

PUBT·04/30/2026 12:33:37

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Proposed merger between Innovation Beverage Group and BlockFuel Energy remained in progress, subject to customary closing conditions.
BlockFuel completed an independent reserve report for Central Oklahoma assets, effective Dec. 31, 2025.
Operational restart advanced with 19 wells returned to production.
Development plan outlined eight new vertical wells for 2026, with up to 20 additional vertical wells planned for 2027-2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovation Beverage Group Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202604300830ACCESSWRNAPR_____1162772) on April 30, 2026, and is solely responsible for the information contained therein.

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