• BlockFuel Energy, 51%-owned affiliate of Innovation Beverage Group, plans a multi-well vertical drilling program in 2H 2026 in Oklahoma.
• Program targets stacked pay zones across a 55-square-mile operated position, part of a longer-term development plan for about 35,000 acres.
• BlockFuel estimates vertical wells at about USD 650,000 each, with internal models assuming roughly 40 barrels of oil per day initial output.
• BlockFuel reiterates potential for more than 400 undeveloped infill locations, subject to drilling results, economics, and regulatory approvals.
• Innovation Beverage Group and BlockFuel continue working to close their proposed merger.

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 on June 18, 2026, and is solely responsible for the information contained therein.