Innovation Beverage Group's Merger Partner BlockFuel Energy Reports $6.56M Proved Reserves and Multi-Phase Development Plan

summarizeSummary

Innovation Beverage Group's merger partner, BlockFuel Energy, announced the completion of an independent reserve report valuing its proved oil and gas reserves at $6.56 million (PV-10), alongside a multi-phase development plan and successful reactivation of 19 wells.

check_boxKey Events

• Independent Reserve Report Completed

  BlockFuel Energy completed an independent reserve report, effective December 31, 2025, validating its Central Oklahoma oil and gas assets.

• Significant Proved Reserves Valued

  The report identifies Proved Reserves with a Present Worth (PV-10) of $6,560,009, and Total All Reserves (Proved + Probable) with a PV-10 of $6,805,474.

• Operational Progress and Development Plan

  BlockFuel has successfully returned 19 shut-in wells to production and outlined a multi-phase development plan, including recompletion of 34 existing wells and plans to drill 8 new vertical wells in 2026, with up to 20 more by 2028.

• Strategic Importance for Proposed Merger

  This report provides a strong technical and economic foundation for the proposed merger between Innovation Beverage Group and BlockFuel Energy, in which IBG already holds a majority interest.

auto_awesomeAnalysis

This 6-K provides a critical update on the assets of BlockFuel Energy, Innovation Beverage Group's proposed merger partner. The independent reserve report validates BlockFuel's Central Oklahoma oil and gas assets, showing Proved Reserves with a Present Worth (PV-10) of $6.56 million. This valuation is substantial relative to Innovation Beverage Group's current market capitalization, indicating a potentially transformative increase in asset backing for the combined entity. BlockFuel has also demonstrated significant operational progress by returning 19 wells to production and outlined an aggressive multi-phase development plan, including recompletion of existing wells and drilling up to 28 new vertical wells by 2028. This news provides a strong technical and economic foundation for the merger and BlockFuel's future growth, significantly de-risking the energy segment of the combined company.