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Black Gold Exploration Company (BGX) released the latest operational updates on its Fritz 2-30 well located in Indiana and the El Carmen oil field located in Argentina. The Fritz well's initial production confirmed oil, water, and strong natural gas flows. The company is finalizing plans to install an electric submersible pump to optimize production and reported that oil field infrastructure has been substantially completed. In Argentina, BGX has completed the environmental impact assessment report for the El Carmen oil field and has been registered on the National Oil and Gas Operator roster.